Pebblebrook Hotel Trust (NYSE:PEB) Price Target Raised to $13.00

Pebblebrook Hotel Trust (NYSE:PEB) had its price target boosted by Morgan Stanley from $12.00 to $13.00 in a report published on Friday,Benzinga reports. They currently have an underweight rating on the real estate investment trust’s stock.

Other equities research analysts have also recently issued research reports about the stock. Cantor Fitzgerald upped their price objective on shares of Pebblebrook Hotel Trust from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Raymond James Financial reiterated an “outperform” rating and set a $18.00 target price on shares of Pebblebrook Hotel Trust in a report on Monday, June 8th. Barclays boosted their price target on Pebblebrook Hotel Trust from $9.00 to $13.00 and gave the stock an “underweight” rating in a research report on Monday, June 1st. Stifel Nicolaus upped their price target on Pebblebrook Hotel Trust from $18.00 to $20.25 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Finally, Weiss Ratings upgraded Pebblebrook Hotel Trust from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, six have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $16.13.

Pebblebrook Hotel Trust Price Performance

PEB opened at $19.02 on Friday. The stock has a fifty day simple moving average of $17.14 and a two-hundred day simple moving average of $14.24. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.82. The company has a market cap of $2.16 billion, a price-to-earnings ratio of -23.78, a price-to-earnings-growth ratio of 1.65 and a beta of 1.39. Pebblebrook Hotel Trust has a 12-month low of $9.30 and a 12-month high of $19.75.

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, beating analysts’ consensus estimates of ($0.31) by $0.05. The firm had revenue of $345.66 million for the quarter, compared to analysts’ expectations of $331.23 million. Pebblebrook Hotel Trust had a negative net margin of 4.18% and a negative return on equity of 2.41%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.16 EPS. Pebblebrook Hotel Trust has set its Q2 2026 guidance at 0.580-0.620 EPS. Research analysts predict that Pebblebrook Hotel Trust will post 1.6 earnings per share for the current fiscal 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 paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Tuesday, June 30th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is currently -5.00%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Alyeska Investment Group L.P. grew its holdings in shares of Pebblebrook Hotel Trust by 11.1% during the fourth quarter. Alyeska Investment Group L.P. now owns 6,964,179 shares of the real estate investment trust’s stock valued at $78,835,000 after buying an additional 695,277 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Pebblebrook Hotel Trust by 13.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,180,800 shares of the real estate investment trust’s stock valued at $69,969,000 after acquiring an additional 711,042 shares in the last quarter. Millennium Management LLC raised its holdings in Pebblebrook Hotel Trust by 46.1% in the 4th quarter. Millennium Management LLC now owns 3,158,256 shares of the real estate investment trust’s stock worth $35,751,000 after acquiring an additional 997,119 shares during the last quarter. Woodline Partners LP raised its holdings in Pebblebrook Hotel Trust by 114.6% in the 3rd quarter. Woodline Partners LP now owns 3,150,890 shares of the real estate investment trust’s stock worth $35,889,000 after acquiring an additional 1,682,855 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Pebblebrook Hotel Trust by 6.2% in the 4th quarter. Geode Capital Management LLC now owns 3,033,952 shares of the real estate investment trust’s stock valued at $34,350,000 after acquiring an additional 177,466 shares in the last quarter.

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.