Analysts Set Pebblebrook Hotel Trust (NYSE:PEB) Target Price at $14.17

Pebblebrook Hotel Trust (NYSE:PEB) has received a consensus rating of “Hold” from the six analysts that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $14.17.

Several research firms have weighed in on PEB. Compass Point upgraded Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 price target for the company in a report on Thursday, November 21st. Wedbush lowered Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price objective for the company. in a research note on Thursday, January 2nd. Stifel Nicolaus raised Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and raised their price objective for the company from $14.75 to $15.00 in a research note on Friday, November 22nd. Wells Fargo & Company lowered their price objective on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 18th. Finally, Robert W. Baird lowered their price objective on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st.

Pebblebrook Hotel Trust Stock Performance

NYSE PEB opened at $11.89 on Friday. The stock has a market capitalization of $1.42 billion, a PE ratio of -41.00, a P/E/G ratio of 0.60 and a beta of 1.85. The business has a 50 day simple moving average of $13.26 and a two-hundred day simple moving average of $13.13. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81. Pebblebrook Hotel Trust has a 1-year low of $11.65 and a 1-year high of $16.61.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date was Tuesday, December 31st. Pebblebrook Hotel Trust’s dividend payout ratio is currently -13.79%.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Centersquare Investment Management LLC raised its position in Pebblebrook Hotel Trust by 2,448.9% during the 4th quarter. Centersquare Investment Management LLC now owns 1,879,327 shares of the real estate investment trust’s stock valued at $25,465,000 after purchasing an additional 1,805,597 shares in the last quarter. Alyeska Investment Group L.P. raised its position in Pebblebrook Hotel Trust by 43.3% during the 4th quarter. Alyeska Investment Group L.P. now owns 4,167,770 shares of the real estate investment trust’s stock valued at $56,473,000 after purchasing an additional 1,260,077 shares in the last quarter. Nuveen Asset Management LLC raised its position in Pebblebrook Hotel Trust by 82.3% during the 4th quarter. Nuveen Asset Management LLC now owns 2,345,333 shares of the real estate investment trust’s stock valued at $31,779,000 after purchasing an additional 1,058,664 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC bought a new stake in Pebblebrook Hotel Trust during the 4th quarter valued at $13,788,000. Finally, Landmark Investment Partners L.P. bought a new stake in Pebblebrook Hotel Trust during the 4th quarter valued at $13,075,000.

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.