Pebblebrook Hotel Trust (NYSE:PEB) Price Target Raised to $21.25

Pebblebrook Hotel Trust (NYSE:PEB) had its price target lifted by Stifel Nicolaus from $20.25 to $21.25 in a research note released on Thursday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the real estate investment trust’s stock.

Other analysts also recently issued research reports about the company. Citigroup upped their price target on Pebblebrook Hotel Trust from $15.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 22nd. Cantor Fitzgerald lifted their price objective on Pebblebrook Hotel Trust from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Raymond James Financial reissued an “outperform” rating and issued a $18.00 target price on shares of Pebblebrook Hotel Trust in a report on Monday, June 8th. Barclays increased their target price on Pebblebrook Hotel Trust from $13.00 to $15.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 21st. Finally, Wells Fargo & Company lifted their price target on Pebblebrook Hotel Trust from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Pebblebrook Hotel Trust currently has an average rating of “Hold” and an average target price of $17.13.

Pebblebrook Hotel Trust Trading Up 2.1%

NYSE:PEB opened at $19.10 on Thursday. The firm has a market capitalization of $2.15 billion, a P/E ratio of -27.68, a PEG ratio of 1.32 and a beta of 1.39. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.34 and a quick ratio of 1.04. Pebblebrook Hotel Trust has a one year low of $9.30 and a one year high of $19.93. The company’s 50-day simple moving average is $18.09 and its 200 day simple moving average is $14.75.

Pebblebrook Hotel Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, June 30th. Pebblebrook Hotel Trust’s dividend payout ratio is currently -5.80%.

Institutional Trading of Pebblebrook Hotel Trust

Several institutional investors and hedge funds have recently modified their holdings of PEB. Whittier Trust Co. of Nevada Inc. bought a new position in Pebblebrook Hotel Trust in the 1st quarter worth $34,000. Quadrant Capital Group LLC raised its holdings in Pebblebrook Hotel Trust by 32.8% during the fourth quarter. Quadrant Capital Group LLC now owns 3,220 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 796 shares during the period. Cullen Frost Bankers Inc. purchased a new position in shares of Pebblebrook Hotel Trust in the fourth quarter valued at about $38,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of 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 valued at $39,000 after acquiring an additional 865 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in shares of 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 acquiring an additional 3,296 shares during the period.

More Pebblebrook Hotel Trust News

Here are the key news stories impacting Pebblebrook Hotel Trust this week:

• Positive Sentiment: Stifel raises target and keeps a Buy rating: Stifel Nicolaus lifted its price target from $20.25 to $21.25, implying additional upside and reinforcing its positive view of Pebblebrook’s outlook. Benzinga analyst price-target update
• Positive Sentiment: Ladenburg raises target: Ladenburg Thalmann increased its price target from $19.00 to $21.00. Although its rating remains Neutral, the higher target suggests improved expectations for the hotel real estate investment trust. Benzinga analyst price-target update
• Positive Sentiment: Second-quarter results and outlook attract attention: Coverage of Pebblebrook’s Q2 earnings and conference call highlighted a resilient upswing, while comparisons with estimates are giving investors additional detail on the company’s operating performance. The company’s latest reported results included revenue above expectations and an adjusted loss narrower than analysts anticipated. TipRanks earnings-call report Zacks Q2 earnings analysis
• Neutral Sentiment: Analyst consensus remains cautious: Pebblebrook receives an average “Hold” recommendation, indicating that the improved price targets have not yet translated into broad-based conviction among analysts. American Banking News analyst consensus

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.