Pebblebrook Hotel Trust (NYSE:PEB) Upgraded to “Strong-Buy” at Zacks Research

Pebblebrook Hotel Trust (NYSE:PEB) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday, Zacks reports.

Several other analysts have also recently weighed in on PEB. Raymond James Financial boosted their price objective on shares of Pebblebrook Hotel Trust from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Monday, September 28th. Weiss Ratings raised Pebblebrook Hotel Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Morgan Stanley raised their target price on Pebblebrook Hotel Trust from $13.00 to $14.00 and gave the stock an “underweight” rating in a research report on Monday, October 12th. Wells Fargo & Company lifted their target price on Pebblebrook Hotel Trust from $16.00 to $19.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Finally, Barclays cut their target price on Pebblebrook Hotel Trust from $15.00 to $14.00 and set an “underweight” rating on the stock in a report on Thursday, August 27th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $17.65.

Pebblebrook Hotel Trust Trading Up 2.1%

PEB opened at $21.14 on Tuesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.34 and a quick ratio of 1.34. Pebblebrook Hotel Trust has a fifty-two week low of $9.99 and a fifty-two week high of $21.26. The company’s 50 day moving average price is $18.58 and its two-hundred day moving average price is $17.32. The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of -30.64, a PEG ratio of 1.40 and a beta of 1.43.

Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.56. The firm had revenue of $407.14 million during the quarter, compared to the consensus estimate of $400.05 million. Pebblebrook Hotel Trust had a negative net margin of 3.11% and a negative return on equity of 1.83%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 earnings per share. Pebblebrook Hotel Trust has set its Q3 2026 guidance at 0.480-0.520 EPS and its FY 2026 guidance at 1.690-1.760 EPS. As a group, research analysts predict that Pebblebrook Hotel Trust will post 1.72 earnings per share for the current year.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

A number of hedge funds have recently bought and sold shares of the company. Legal & General Group Plc bought a new position in Pebblebrook Hotel Trust during the second quarter worth $36,905,000. Bank of New York Mellon Corp acquired a new position in Pebblebrook Hotel Trust in the second quarter valued at $18,729,000. Arrowstreet Capital Limited Partnership boosted its position in Pebblebrook Hotel Trust by 51.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,154,627 shares of the real estate investment trust’s stock valued at $27,213,000 after acquiring an additional 736,078 shares during the last quarter. Bamco Inc. NY bought a new stake in Pebblebrook Hotel Trust during the second quarter valued at $12,115,000. Finally, Donald Smith & CO. Inc. bought a new position in shares of Pebblebrook Hotel Trust in the 2nd quarter worth about $9,242,000.

Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust (NYSE:PEB) is a publicly traded real estate investment trust that owns and invests in upscale, full-service hotels and resorts in the United States. The company focuses on acquiring, developing, and repositioning lodging properties in major urban and resort destinations.

Its portfolio includes hotels operating under a variety of national, regional, and independent brands. Pebblebrook generally owns the underlying real estate while hotels are operated through management agreements, providing lodging accommodations, food and beverage services, meeting and event facilities, and other guest amenities.

Founded in 2009, Pebblebrook Hotel Trust has emphasized properties in markets with strong tourism, business travel, and cultural or recreational appeal.