Pebblebrook Hotel Trust (NYSE:PEB) Price Target Raised to $16.00 at Wells Fargo & Company

Pebblebrook Hotel Trust (NYSE:PEB) had its price objective hoisted by stock analysts at Wells Fargo & Company from $12.00 to $16.00 in a report released on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 2.97% from the company’s current price.

PEB has been the topic of a number of other research reports. LADENBURG THALM/SH SH began coverage on Pebblebrook Hotel Trust in a research note on Thursday, March 26th. They issued a “neutral” rating and a $14.00 target price on the stock. Wall Street Zen raised Pebblebrook Hotel Trust from a “strong sell” rating to a “hold” rating in a research report on Saturday, February 28th. Truist Financial upgraded Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and upped their price objective for the company from $14.00 to $17.00 in a research note on Wednesday, May 27th. Citigroup raised their target price on Pebblebrook Hotel Trust from $13.00 to $15.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $15.00 target price on shares of Pebblebrook Hotel Trust in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $14.56.

Pebblebrook Hotel Trust Stock Up 1.9%

Shares of NYSE:PEB traded up $0.29 during midday trading on Monday, hitting $15.54. 168,244 shares of the company’s stock were exchanged, compared to its average volume of 2,309,425. Pebblebrook Hotel Trust has a 12 month low of $8.80 and a 12 month high of $15.73. The company has a market cap of $1.76 billion, a PE ratio of -19.38, a price-to-earnings-growth ratio of 1.41 and a beta of 1.45. 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 stock has a 50 day moving average price of $13.82 and a 200-day moving average price of $12.52.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.05. Pebblebrook Hotel Trust had a negative net margin of 4.18% and a negative return on equity of 2.41%. The firm had revenue of $345.66 million during the quarter, compared to analyst estimates of $331.23 million. During the same quarter in the prior year, the business posted $0.16 EPS. The business’s revenue was up 7.9% compared to the same quarter last year. Pebblebrook Hotel Trust has set its Q2 2026 guidance at 0.580-0.620 EPS. On average, sell-side analysts anticipate that Pebblebrook Hotel Trust will post 1.54 EPS for the current fiscal year.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Several hedge funds have recently made changes to their positions in PEB. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Pebblebrook Hotel Trust in the first quarter worth about $34,000. Quadrant Capital Group LLC lifted its stake in 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 worth $36,000 after purchasing an additional 796 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in Pebblebrook Hotel Trust in the 4th quarter worth approximately $38,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Pebblebrook Hotel Trust by 33.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,465 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 865 shares during the period. Finally, Hantz Financial Services Inc. grew its position in shares of Pebblebrook Hotel Trust by 188.0% during the 4th quarter. Hantz Financial Services Inc. now owns 5,049 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 3,296 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.