Pebblebrook Hotel Trust (NYSE:PEB) Given Average Recommendation of “Hold” by Brokerages

Shares of Pebblebrook Hotel Trust (NYSE:PEB) have received a consensus rating of “Hold” from the seven analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $12.78.

Several equities analysts recently issued reports on the company. StockNews.com cut Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Wednesday, March 5th. Stifel Nicolaus cut their target price on Pebblebrook Hotel Trust from $16.50 to $13.25 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Raymond James set a $14.00 target price on Pebblebrook Hotel Trust and gave the company an “outperform” rating in a research note on Thursday, February 27th. Wells Fargo & Company cut their target price on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. Finally, Truist Financial cut their target price on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th.

Pebblebrook Hotel Trust Price Performance

Pebblebrook Hotel Trust stock opened at $9.73 on Wednesday. The business’s 50-day simple moving average is $9.65 and its 200 day simple moving average is $11.94. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of -33.55, a P/E/G ratio of 0.60 and a beta of 1.80. Pebblebrook Hotel Trust has a 12-month low of $7.41 and a 12-month high of $15.46. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. The business had revenue of $320.27 million for the quarter, compared to analysts’ expectations of $311.74 million. Pebblebrook Hotel Trust had a return on equity of 0.13% and a net margin of 0.25%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.21 earnings per share. As a group, research analysts anticipate that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current year.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend was Monday, March 31st. Pebblebrook Hotel Trust’s dividend payout ratio is currently -8.33%.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

A number of hedge funds have recently modified their holdings of PEB. Nordea Investment Management AB raised its position in shares of Pebblebrook Hotel Trust by 90.2% during the fourth quarter. Nordea Investment Management AB now owns 746,763 shares of the real estate investment trust’s stock worth $10,193,000 after purchasing an additional 354,116 shares during the period. abrdn plc raised its position in shares of Pebblebrook Hotel Trust by 45.2% during the fourth quarter. abrdn plc now owns 35,696 shares of the real estate investment trust’s stock worth $481,000 after purchasing an additional 11,117 shares during the period. Entropy Technologies LP raised its position in shares of Pebblebrook Hotel Trust by 93.3% during the fourth quarter. Entropy Technologies LP now owns 54,880 shares of the real estate investment trust’s stock worth $744,000 after purchasing an additional 26,487 shares during the period. Van ECK Associates Corp raised its position in shares of Pebblebrook Hotel Trust by 10.2% during the fourth quarter. Van ECK Associates Corp now owns 22,619 shares of the real estate investment trust’s stock worth $306,000 after purchasing an additional 2,096 shares during the period. Finally, Asset Management One Co. Ltd. grew its holdings in shares of Pebblebrook Hotel Trust by 1.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 177,178 shares of the real estate investment trust’s stock worth $2,406,000 after buying an additional 2,337 shares in the last quarter.

About Pebblebrook Hotel Trust

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.