Pebblebrook Hotel Trust (NYSE:PEB) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Pebblebrook Hotel Trust (NYSE:PEB) to a hold rating in a report issued on Thursday,Zacks.com reports.

A number of other research firms have also commented on PEB. LADENBURG THALM/SH SH raised their price objective on Pebblebrook Hotel Trust from $15.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, June 18th. Barclays increased their target price on Pebblebrook Hotel Trust from $13.00 to $15.00 and gave the stock an “underweight” rating in a report on Tuesday. Morgan Stanley raised their price target on Pebblebrook Hotel Trust from $12.00 to $13.00 and gave the stock an “underweight” rating in a research report on Friday, July 17th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $17.00 price target on shares of Pebblebrook Hotel Trust in a research note on Friday, June 12th. Finally, Weiss Ratings raised shares of Pebblebrook Hotel Trust from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, Pebblebrook Hotel Trust has a consensus rating of “Hold” and an average target price of $16.90.

Pebblebrook Hotel Trust Stock Performance

NYSE PEB opened at $19.09 on Thursday. The firm has a 50-day moving average price of $17.65 and a two-hundred day moving average price of $14.50. Pebblebrook Hotel Trust has a 12-month low of $9.30 and a 12-month high of $19.93. The company has a market capitalization of $2.16 billion, a P/E ratio of -23.87, a P/E/G ratio of 1.32 and a beta of 1.39. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.82.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.31) by $0.05. Pebblebrook Hotel Trust had a negative net margin of 4.18% and a negative return on equity of 2.41%. The company had revenue of $345.66 million for the quarter, compared to analysts’ expectations of $331.23 million. During the same period last year, the firm earned $0.16 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. Pebblebrook Hotel Trust has set its Q2 2026 guidance at 0.580-0.620 EPS. Analysts anticipate that Pebblebrook Hotel Trust will post 1.61 earnings per share for the current year.

Pebblebrook Hotel Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.2%. The ex-dividend date was Tuesday, June 30th. Pebblebrook Hotel Trust’s payout ratio is currently -5.00%.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Large investors have recently modified their holdings of the business. AQR Capital Management LLC raised its holdings in shares of Pebblebrook Hotel Trust by 174.6% during the 1st quarter. AQR Capital Management LLC now owns 93,371 shares of the real estate investment trust’s stock worth $941,000 after buying an additional 59,367 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Pebblebrook Hotel Trust by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,002 shares of the real estate investment trust’s stock valued at $719,000 after buying an additional 3,075 shares in the last quarter. Caxton Associates LLP acquired a new stake in Pebblebrook Hotel Trust in the first quarter valued at about $310,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Pebblebrook Hotel Trust by 8.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 659,945 shares of the real estate investment trust’s stock valued at $6,685,000 after acquiring an additional 48,640 shares during the last quarter. Finally, Creative Planning bought a new position in Pebblebrook Hotel Trust in the second quarter valued at about $176,000.

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.