Pebblebrook Hotel Trust (NYSE:PEB) Cut to Strong Sell at Zacks Research

Zacks Research downgraded shares of Pebblebrook Hotel Trust (NYSE:PEB) from a hold rating to a strong sell rating in a research report sent to investors on Tuesday,Zacks.com reports.

PEB has been the topic of several other reports. Stifel Nicolaus set a $13.50 price objective on Pebblebrook Hotel Trust in a report on Thursday, November 6th. Wells Fargo & Company lifted their price target on Pebblebrook Hotel Trust from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Monday, December 1st. Barclays assumed coverage on Pebblebrook Hotel Trust in a research report on Tuesday, January 6th. They set an “underweight” rating and a $10.00 price target for the company. Truist Financial raised their price objective on Pebblebrook Hotel Trust from $11.00 to $12.00 and gave the company a “hold” rating in a report on Monday, January 12th. Finally, Robert W. Baird set a $15.00 target price on shares of Pebblebrook Hotel Trust and gave the stock an “outperform” rating in a report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have assigned a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat.com, Pebblebrook Hotel Trust currently has an average rating of “Reduce” and an average price target of $12.08.

Pebblebrook Hotel Trust Price Performance

Shares of NYSE:PEB opened at $12.15 on Tuesday. Pebblebrook Hotel Trust has a twelve month low of $7.41 and a twelve month high of $14.21. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.86. The company has a market cap of $1.38 billion, a PE ratio of -10.21 and a beta of 1.53. The company’s 50 day moving average is $11.47 and its 200 day moving average is $11.04.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.01. Pebblebrook Hotel Trust had a negative return on equity of 4.02% and a negative net margin of 7.45%.The business had revenue of $398.72 million during the quarter, compared to analysts’ expectations of $396.80 million. During the same quarter in the previous year, the firm posted $0.59 EPS. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. Pebblebrook Hotel Trust has set its FY 2025 guidance at 1.500-1.570 EPS and its Q4 2025 guidance at 0.180-0.260 EPS. On average, sell-side analysts forecast that Pebblebrook Hotel Trust will post 1.5 EPS for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.3%. The ex-dividend date was Wednesday, December 31st. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -3.36%.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Institutional investors and hedge funds have recently bought and sold shares of the company. Alyeska Investment Group L.P. increased its holdings in shares of Pebblebrook Hotel Trust by 56.4% during the 3rd quarter. Alyeska Investment Group L.P. now owns 6,268,902 shares of the real estate investment trust’s stock worth $71,403,000 after buying an additional 2,259,389 shares during the last quarter. Woodline Partners LP grew its position in Pebblebrook Hotel Trust by 114.6% in the third quarter. Woodline Partners LP now owns 3,150,890 shares of the real estate investment trust’s stock worth $35,889,000 after acquiring an additional 1,682,855 shares during the period. Millennium Management LLC increased its stake in Pebblebrook Hotel Trust by 2,584.8% during the third quarter. Millennium Management LLC now owns 2,161,137 shares of the real estate investment trust’s stock worth $24,615,000 after acquiring an additional 2,080,641 shares during the last quarter. Bank of Montreal Can increased its stake in Pebblebrook Hotel Trust by 60.6% during the third quarter. Bank of Montreal Can now owns 1,831,976 shares of the real estate investment trust’s stock worth $20,866,000 after acquiring an additional 691,363 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC raised its position in Pebblebrook Hotel Trust by 684.1% in the third quarter. Schonfeld Strategic Advisors LLC now owns 1,576,228 shares of the real estate investment trust’s stock valued at $17,953,000 after purchasing an additional 1,375,207 shares during the period.

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust (NYSE:PEB) is a real estate investment trust specializing in premium, high-barrier-to-entry hotel properties in gateway markets across the United States. Established in 2009, PEB focuses on lifestyle-oriented lodging assets that cater to business and leisure travelers seeking elevated experiences. The company’s investment strategy emphasizes select-service and full-service hotels with established brands and prime urban or resort locations.

PEB’s portfolio comprises more than 30 properties in major metropolitan areas including New York City, Los Angeles, Chicago, Miami and San Francisco.