Pebblebrook Hotel Trust (NYSE:PEB) Stock Price Crosses Above Fifty Day Moving Average of $28.31

Shares of Pebblebrook Hotel Trust (NYSE:PEB) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $28.31 and traded as high as $27.63. Pebblebrook Hotel Trust shares last traded at $27.46, with a volume of 18,679 shares traded.

Several brokerages have recently commented on PEB. SunTrust Banks reaffirmed a “hold” rating on shares of Tripadvisor in a research report on Monday, May 6th. BTIG Research reduced their price target on shares of Host Hotels and Resorts from $24.00 to $20.50 and set a “buy” rating on the stock in a research report on Thursday, June 27th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, June 26th. Capital One Financial began coverage on shares of Summit Hotel Properties in a research report on Tuesday, June 25th. They set an “equal weight” rating and a $13.00 price target on the stock. Finally, Citigroup cut shares of OIL SEARCH LTD/ADR from a “neutral” rating to a “sell” rating in a research report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $35.92.

The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a 50-day moving average price of $28.27. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 11.24, a P/E/G ratio of 2.12 and a beta of 1.34.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.46 EPS for the quarter, topping the consensus estimate of $0.40 by $0.06. Pebblebrook Hotel Trust had a negative net margin of 0.53% and a negative return on equity of 0.20%. The business had revenue of $267.20 million for the quarter, compared to analysts’ expectations of $358.66 million. During the same quarter last year, the company posted $0.67 earnings per share. The company’s quarterly revenue was up 47.5% compared to the same quarter last year. As a group, research analysts forecast that Pebblebrook Hotel Trust will post 2.66 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.52 dividend on an annualized basis and a yield of 5.52%. Pebblebrook Hotel Trust’s dividend payout ratio is currently 62.04%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Telemus Capital LLC lifted its holdings in Pebblebrook Hotel Trust by 3.1% in the first quarter. Telemus Capital LLC now owns 10,888 shares of the real estate investment trust’s stock worth $338,000 after acquiring an additional 328 shares during the last quarter. New York State Teachers Retirement System lifted its holdings in Pebblebrook Hotel Trust by 0.3% in the first quarter. New York State Teachers Retirement System now owns 126,218 shares of the real estate investment trust’s stock worth $3,920,000 after acquiring an additional 391 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Pebblebrook Hotel Trust by 2.4% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,999 shares of the real estate investment trust’s stock worth $714,000 after acquiring an additional 531 shares during the last quarter. State Treasurer State of Michigan lifted its holdings in Pebblebrook Hotel Trust by 2.0% in the first quarter. State Treasurer State of Michigan now owns 46,556 shares of the real estate investment trust’s stock worth $1,446,000 after acquiring an additional 900 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in Pebblebrook Hotel Trust by 2.9% in the first quarter. Louisiana State Employees Retirement System now owns 35,000 shares of the real estate investment trust’s stock worth $1,087,000 after acquiring an additional 1,000 shares during the last quarter.

About Pebblebrook Hotel Trust (NYSE:PEB)

Pebblebrook Hotel Trust is a publicly traded real estate investment trust (“REIT”) organized to opportunistically acquire and invest primarily in upper upscale, full-service hotels located in urban markets in major gateway cities. The Company owns 61 hotels, totaling approximately 14,600 guest rooms, located in 10 states and the District of Columbia, including: Del Mar, California; Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Santa Cruz, California; Washington, DC; Coral Gables, Florida; Key West, Florida; Naples, Florida; Buckhead, Georgia; Chicago, Illinois; Boston, Massachusetts; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.

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