Pebblebrook Hotel Trust (NYSE:PEB) Receives $13.86 Consensus Target Price from Brokerages

Shares of Pebblebrook Hotel Trust (NYSE:PEB) have earned an average rating of “Hold” from the six research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $13.86.

Several equities analysts have issued reports on the stock. Raymond James set a $14.00 price target on shares of Pebblebrook Hotel Trust and gave the stock an “outperform” rating in a report on Thursday, February 27th. StockNews.com lowered shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Wednesday, March 5th. Wells Fargo & Company dropped their price objective on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. Wedbush lowered shares of Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price objective on the stock. in a report on Thursday, January 2nd. Finally, Truist Financial dropped their price objective on shares of Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th.

Pebblebrook Hotel Trust Price Performance

NYSE PEB opened at $10.58 on Tuesday. The firm’s fifty day simple moving average is $12.44 and its two-hundred day simple moving average is $12.95. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. Pebblebrook Hotel Trust has a 12-month low of $10.31 and a 12-month high of $16.19. The firm has a market capitalization of $1.27 billion, a P/E ratio of -36.46, a P/E/G ratio of 0.60 and a beta of 1.87.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend is Monday, March 31st. Pebblebrook Hotel Trust’s payout ratio is -9.30%.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Several hedge funds have recently added to or reduced their stakes in the business. FMR LLC boosted its holdings in Pebblebrook Hotel Trust by 10.8% in the third quarter. FMR LLC now owns 9,069 shares of the real estate investment trust’s stock valued at $120,000 after purchasing an additional 884 shares during the last quarter. Atria Investments Inc boosted its holdings in Pebblebrook Hotel Trust by 2.2% in the third quarter. Atria Investments Inc now owns 40,897 shares of the real estate investment trust’s stock valued at $541,000 after purchasing an additional 889 shares during the last quarter. Sei Investments Co. boosted its holdings in Pebblebrook Hotel Trust by 0.3% in the fourth quarter. Sei Investments Co. now owns 397,337 shares of the real estate investment trust’s stock valued at $5,384,000 after purchasing an additional 1,098 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of Pebblebrook Hotel Trust by 100.2% in the fourth quarter. Quadrant Capital Group LLC now owns 2,644 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 1,323 shares during the period. Finally, Public Employees Retirement System of Ohio raised its position in shares of Pebblebrook Hotel Trust by 0.7% in the third quarter. Public Employees Retirement System of Ohio now owns 191,009 shares of the real estate investment trust’s stock worth $2,527,000 after acquiring an additional 1,402 shares during the period.

Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels and resorts in the United States. The Company owns 47 hotels and resorts, totaling approximately 12,200 guest rooms across 13 urban and resort markets.