Brokerages Set Pebblebrook Hotel Trust (NYSE:PEB) PT at $14.69

Shares of Pebblebrook Hotel Trust (NYSE:PEB) have been assigned an average rating of “Reduce” from the eight brokerages that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $14.69.

Several research firms have recently weighed in on PEB. StockNews.com cut Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Thursday, May 2nd. Compass Point restated a “neutral” rating and issued a $17.00 price target on shares of Pebblebrook Hotel Trust in a research note on Thursday, March 28th.

Institutional Trading of Pebblebrook Hotel Trust

Hedge funds have recently bought and sold shares of the stock. Principal Securities Inc. bought a new stake in Pebblebrook Hotel Trust during the fourth quarter valued at about $64,000. Allspring Global Investments Holdings LLC grew its holdings in Pebblebrook Hotel Trust by 13.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 7,687 shares of the real estate investment trust’s stock valued at $104,000 after purchasing an additional 884 shares during the period. Quest Partners LLC bought a new stake in Pebblebrook Hotel Trust during the fourth quarter valued at about $157,000. Envestnet Portfolio Solutions Inc. bought a new stake in Pebblebrook Hotel Trust during the third quarter valued at about $148,000. Finally, Sequoia Financial Advisors LLC grew its holdings in Pebblebrook Hotel Trust by 6.9% during the third quarter. Sequoia Financial Advisors LLC now owns 14,579 shares of the real estate investment trust’s stock valued at $198,000 after purchasing an additional 942 shares during the period.

Pebblebrook Hotel Trust Stock Down 0.3 %

PEB stock opened at $14.19 on Wednesday. Pebblebrook Hotel Trust has a 1-year low of $11.39 and a 1-year high of $16.65. The business has a fifty day moving average price of $15.07 and a 200-day moving average price of $14.98. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.46 and a quick ratio of 0.46. The stock has a market capitalization of $1.71 billion, a P/E ratio of -13.91, a P/E/G ratio of 0.65 and a beta of 1.84.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.48). Pebblebrook Hotel Trust had a negative return on equity of 2.88% and a negative net margin of 5.84%. The business had revenue of $314.10 million during the quarter, compared to analysts’ expectations of $304.34 million. During the same quarter in the prior year, the firm earned $0.18 EPS. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities analysts forecast that Pebblebrook Hotel Trust will post 1.57 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend was Wednesday, March 27th. Pebblebrook Hotel Trust’s dividend payout ratio is presently -3.92%.

Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels and resorts in the United States. The Company owns 47 hotels and resorts, totaling approximately 12,200 guest rooms across 13 urban and resort markets.