Pebblebrook Hotel Trust (NYSE:PEB) Hits New 52-Week High – Here’s What Happened

Pebblebrook Hotel Trust (NYSE:PEB)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $17.64 and last traded at $17.2250, with a volume of 2390474 shares changing hands. The stock had previously closed at $17.09.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. BMO Capital Markets reiterated a “market perform” rating and issued a $17.00 price target on shares of Pebblebrook Hotel Trust in a report on Friday. Wells Fargo & Company raised their price target on Pebblebrook Hotel Trust from $12.00 to $16.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Truist Financial upgraded Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and raised their price target for the company from $14.00 to $17.00 in a report on Wednesday, May 27th. Barclays raised their price target on Pebblebrook Hotel Trust from $9.00 to $13.00 and gave the company an “underweight” rating in a report on Monday, June 1st. Finally, Morgan Stanley raised their price target on Pebblebrook Hotel Trust from $10.00 to $12.00 and gave the company an “underweight” rating in a report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $14.98.

Pebblebrook Hotel Trust Stock Performance

The firm has a fifty day moving average of $14.70 and a 200-day moving average of $12.93. The firm has a market cap of $2.06 billion, a P/E ratio of -22.70, a PEG ratio of 1.50 and a beta of 1.45. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.82.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported ($0.26) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.05. Pebblebrook Hotel Trust had a negative return on equity of 2.41% and a negative net margin of 4.18%.The business had revenue of $345.66 million for the quarter, compared to analysts’ expectations of $331.23 million. During the same quarter last year, the business earned $0.16 earnings per share. The firm’s quarterly 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. Research analysts predict that Pebblebrook Hotel Trust will post 1.64 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a dividend of $0.01 per share. The ex-dividend date was Tuesday, March 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.2%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is -5.00%.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. M&T Bank Corp bought a new position in Pebblebrook Hotel Trust during the fourth quarter worth about $4,411,000. APG Asset Management US Inc. bought a new position in Pebblebrook Hotel Trust during the third quarter worth about $5,545,000. SG Americas Securities LLC boosted its holdings in Pebblebrook Hotel Trust by 40.4% during the fourth quarter. SG Americas Securities LLC now owns 153,226 shares of the real estate investment trust’s stock worth $1,735,000 after buying an additional 44,079 shares during the last quarter. Legal & General Group Plc boosted its holdings in Pebblebrook Hotel Trust by 14.1% during the fourth quarter. Legal & General Group Plc now owns 2,566,267 shares of the real estate investment trust’s stock worth $29,050,000 after buying an additional 317,573 shares during the last quarter. Finally, Public Sector Pension Investment Board boosted its holdings in Pebblebrook Hotel Trust by 14.3% during the third quarter. Public Sector Pension Investment Board now owns 462,479 shares of the real estate investment trust’s stock worth $5,268,000 after buying an additional 57,832 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.