Pebblebrook Hotel Trust (NYSE:PEB) Given New $13.00 Price Target at Morgan Stanley

Pebblebrook Hotel Trust (NYSE:PEB) had its price objective raised by equities researchers at Morgan Stanley from $12.00 to $13.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “underweight” rating on the real estate investment trust’s stock. Morgan Stanley’s price target would suggest a potential downside of 31.47% from the company’s current price.

A number of other brokerages also recently commented on PEB. BMO Capital Markets restated a “market perform” rating and set a $17.00 price objective on shares of Pebblebrook Hotel Trust in a research note on Friday, June 12th. Stifel Nicolaus upped their price target on shares of Pebblebrook Hotel Trust from $18.00 to $20.25 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Evercore set a $15.00 price objective on shares of Pebblebrook Hotel Trust in a report on Monday, April 27th. LADENBURG THALM/SH SH upped their target price on shares of Pebblebrook Hotel Trust from $15.00 to $19.00 and gave the stock a “neutral” rating in a research report on Thursday, June 18th. Finally, Citigroup lifted their price target on Pebblebrook Hotel Trust from $13.00 to $15.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Two equities research 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 issued a Sell rating to the stock. According to data from MarketBeat, Pebblebrook Hotel Trust has a consensus rating of “Hold” and a consensus target price of $16.13.

Pebblebrook Hotel Trust Stock Performance

PEB traded up $0.26 during trading hours on Friday, hitting $18.97. 527,368 shares of the stock were exchanged, compared to its average volume of 2,465,562. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of -23.71, a price-to-earnings-growth ratio of 1.63 and a beta of 1.39. The stock has a 50-day simple moving average of $17.05 and a 200-day simple moving average of $14.19. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.04 and a quick ratio of 1.04. Pebblebrook Hotel Trust has a 12 month low of $9.30 and a 12 month high of $19.75.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported ($0.26) EPS for the quarter, beating 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 business had revenue of $345.66 million during the quarter, compared to analyst estimates of $331.23 million. During the same period in the previous year, the business posted $0.16 EPS. The company’s quarterly revenue was up 7.9% on a year-over-year basis. Pebblebrook Hotel Trust has set its Q2 2026 guidance at 0.580-0.620 EPS. Analysts anticipate that Pebblebrook Hotel Trust will post 1.6 earnings per share for the current year.

Institutional Trading of Pebblebrook Hotel Trust

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in Pebblebrook Hotel Trust by 10.5% during the second quarter. GAMMA Investing LLC now owns 11,876 shares of the real estate investment trust’s stock worth $231,000 after acquiring an additional 1,130 shares during the period. Amundi grew its stake in shares of Pebblebrook Hotel Trust by 4.1% in the 1st quarter. Amundi now owns 84,843 shares of the real estate investment trust’s stock worth $1,072,000 after purchasing an additional 3,371 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of Pebblebrook Hotel Trust by 34.5% in the 1st quarter. California State Teachers Retirement System now owns 149,266 shares of the real estate investment trust’s stock worth $1,885,000 after purchasing an additional 38,289 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in Pebblebrook Hotel Trust by 24.7% during the first quarter. Quantinno Capital Management LP now owns 118,779 shares of the real estate investment trust’s stock worth $1,500,000 after buying an additional 23,527 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Pebblebrook Hotel Trust by 51.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,154,627 shares of the real estate investment trust’s stock worth $27,213,000 after buying an additional 736,078 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.