Pebblebrook Hotel Trust (NYSE:PEB) Upgraded at Zacks Research

Zacks Research upgraded shares of Pebblebrook Hotel Trust (NYSE:PEB) from a hold rating to a strong-buy rating in a report published on Wednesday morning,Zacks.com reports.

Several other brokerages also recently issued reports on PEB. Robert W. Baird set a $15.00 price objective on shares of Pebblebrook Hotel Trust and gave the company an “outperform” rating in a research note on Monday, January 12th. Wells Fargo & Company cut their price target on Pebblebrook Hotel Trust from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Tuesday, March 24th. Barclays reduced their price target on Pebblebrook Hotel Trust from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 7th. Cantor Fitzgerald raised their price objective on Pebblebrook Hotel Trust from $12.00 to $14.00 and gave the stock a “neutral” rating in a report on Tuesday, March 3rd. Finally, Citigroup lifted their price objective on Pebblebrook Hotel Trust from $10.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $12.42.

Pebblebrook Hotel Trust Stock Up 1.1%

PEB opened at $14.00 on Wednesday. The firm has a market cap of $1.59 billion, a P/E ratio of -15.39 and a beta of 1.43. The business’s fifty day simple moving average is $12.75 and its 200 day simple moving average is $11.79. Pebblebrook Hotel Trust has a 52 week low of $8.46 and a 52 week high of $14.23. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.83.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its earnings results on Wednesday, February 25th. The real estate investment trust reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.04. Pebblebrook Hotel Trust had a negative net margin of 5.18% and a negative return on equity of 2.88%. The firm had revenue of $349.02 million during the quarter, compared to the consensus estimate of $342.03 million. During the same quarter in the previous year, the company posted $0.20 EPS. Pebblebrook Hotel Trust has set its Q1 2026 guidance at 0.190-0.230 EPS and its FY 2026 guidance at 1.500-1.620 EPS. As a group, equities research analysts anticipate that Pebblebrook Hotel Trust will post 1.5 EPS for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is currently -4.40%.

Institutional Trading of Pebblebrook Hotel Trust

Several institutional investors have recently made changes to their positions in the stock. Hsbc Holdings PLC raised its position in shares of Pebblebrook Hotel Trust by 20.4% in the 4th quarter. Hsbc Holdings PLC now owns 191,233 shares of the real estate investment trust’s stock worth $2,165,000 after buying an additional 32,440 shares during the period. Corient Private Wealth LLC grew its position in Pebblebrook Hotel Trust by 3.8% during the fourth quarter. Corient Private Wealth LLC now owns 76,657 shares of the real estate investment trust’s stock valued at $868,000 after acquiring an additional 2,778 shares during the period. Invesco Ltd. increased its stake in Pebblebrook Hotel Trust by 19.5% during the fourth quarter. Invesco Ltd. now owns 804,021 shares of the real estate investment trust’s stock worth $9,102,000 after acquiring an additional 131,316 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its stake in Pebblebrook Hotel Trust by 20.3% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 34,147 shares of the real estate investment trust’s stock worth $387,000 after acquiring an additional 5,771 shares during the last quarter. Finally, NewEdge Advisors LLC purchased a new position in shares of Pebblebrook Hotel Trust in the 4th quarter worth about $545,000.

Pebblebrook Hotel Trust Company Profile

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.