Pebblebrook Hotel Trust (NYSE:PEB) Stock Price Expected to Rise, LADENBURG THALM/SH SH Analyst Says

Pebblebrook Hotel Trust (NYSE:PEB) had its target price increased by equities research analysts at LADENBURG THALM/SH SH from $19.00 to $21.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. LADENBURG THALM/SH SH’s price objective points to a potential upside of 9.63% from the company’s current price.

A number of other research analysts also recently weighed in on the company. Cantor Fitzgerald lifted their price target on Pebblebrook Hotel Trust from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Citigroup raised their price objective on Pebblebrook Hotel Trust from $15.00 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 22nd. Zacks Research raised Pebblebrook Hotel Trust from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 15th. Wells Fargo & Company lifted their target price on Pebblebrook Hotel Trust from $16.00 to $19.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. Finally, Truist Financial upped their target price on Pebblebrook Hotel Trust from $17.00 to $22.00 and gave the company a “buy” rating in a report on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $17.13.

Pebblebrook Hotel Trust Trading Up 2.4%

Pebblebrook Hotel Trust stock traded up $0.45 during midday trading on Friday, reaching $19.16. The stock had a trading volume of 1,278,438 shares, compared to its average volume of 2,457,699. Pebblebrook Hotel Trust has a twelve month low of $9.30 and a twelve month high of $19.93. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of -27.74, a PEG ratio of 1.33 and a beta of 1.39. The firm’s fifty day simple moving average is $18.01 and its two-hundred day simple moving average is $14.72.

Pebblebrook Hotel Trust (NYSE:PEB) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported ($0.26) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.05. The company had revenue of $345.66 million during the quarter, compared to analyst estimates of $331.23 million. Pebblebrook Hotel Trust had a negative return on equity of 1.82% and a negative net margin of 3.11%.The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.16 earnings per share. Equities analysts anticipate that Pebblebrook Hotel Trust will post 1.61 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Pebblebrook Hotel Trust during the 1st quarter worth about $34,000. Quadrant Capital Group LLC grew its stake in shares of Pebblebrook Hotel Trust by 32.8% in the 4th quarter. Quadrant Capital Group LLC now owns 3,220 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 796 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in Pebblebrook Hotel Trust in the fourth quarter worth approximately $38,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Pebblebrook Hotel Trust by 33.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,465 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 865 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its holdings in Pebblebrook Hotel Trust by 188.0% in the fourth quarter. Hantz Financial Services Inc. now owns 5,049 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 3,296 shares during 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.