Pebblebrook Hotel Trust (NYSE:PEB) Given Consensus Rating of “Reduce” by Analysts

Shares of Pebblebrook Hotel Trust (NYSE:PEB) have been assigned a consensus rating of “Reduce” from the thirteen brokerages that are currently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $12.0833.

A number of research firms have commented on PEB. Compass Point downgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to a “sell” rating and cut their target price for the company from $12.00 to $11.50 in a research report on Monday, November 10th. Wells Fargo & Company lifted their price objective on shares of Pebblebrook Hotel Trust from $11.00 to $13.00 and gave the company an “equal weight” rating in a report on Monday, December 1st. Morgan Stanley set a $9.00 target price on Pebblebrook Hotel Trust in a report on Wednesday, October 22nd. Robert W. Baird set a $15.00 target price on Pebblebrook Hotel Trust and gave the company an “outperform” rating in a research report on Monday, January 12th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Pebblebrook Hotel Trust in a research report on Monday, December 29th.

Institutional Trading of Pebblebrook Hotel Trust

A number of institutional investors have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Pebblebrook Hotel Trust by 33.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,465 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 865 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Pebblebrook Hotel Trust by 115.2% in the second quarter. PNC Financial Services Group Inc. now owns 4,683 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 2,507 shares during the last quarter. Pensionfund Sabic acquired a new position in shares of Pebblebrook Hotel Trust during the fourth quarter worth $72,000. AdvisorShares Investments LLC lifted its holdings in shares of Pebblebrook Hotel Trust by 52.4% during the 2nd quarter. AdvisorShares Investments LLC now owns 7,621 shares of the real estate investment trust’s stock valued at $76,000 after purchasing an additional 2,621 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Pebblebrook Hotel Trust during the 3rd quarter valued at $77,000.

Pebblebrook Hotel Trust Trading Up 0.1%

Shares of NYSE PEB opened at $11.87 on Friday. Pebblebrook Hotel Trust has a twelve month low of $7.41 and a twelve month high of $12.95. The firm has a market cap of $1.35 billion, a PE ratio of -9.97 and a beta of 1.54. The business has a fifty day simple moving average of $11.59 and a two-hundred day simple moving average of $11.11. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.86.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings results on Wednesday, November 5th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The business had revenue of $398.72 million for the quarter, compared to the consensus estimate of $396.80 million. Pebblebrook Hotel Trust had a negative return on equity of 4.02% and a negative net margin of 7.45%.The business’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.59 EPS. Analysts expect that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a $0.01 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. Pebblebrook Hotel Trust’s payout ratio is currently -3.36%.

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.