Pebblebrook Hotel Trust (NYSE:PEB) Stock Crosses Above 200-Day Moving Average – Here’s Why

Pebblebrook Hotel Trust (NYSE:PEB) shares crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $16.77 and traded as high as $19.44. Pebblebrook Hotel Trust shares last traded at $18.9770, with a volume of 2,105,993 shares.

Wall Street Analyst Weigh In

PEB has been the topic of several research reports. LADENBURG THALM/SH SH increased their price target on shares of Pebblebrook Hotel Trust from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. Citigroup increased their target price on Pebblebrook Hotel Trust from $15.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. BMO Capital Markets reissued a “market perform” rating and issued a $17.00 price target on shares of Pebblebrook Hotel Trust in a report on Friday, June 12th. Raymond James Financial upped their price objective on Pebblebrook Hotel Trust from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Monday, September 28th. Finally, Morgan Stanley increased their price objective on Pebblebrook Hotel Trust from $12.00 to $13.00 and gave the company an “underweight” rating in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $17.52.

Pebblebrook Hotel Trust Stock Performance

The stock has a market cap of $2.14 billion, a price-to-earnings ratio of -27.53, a price-to-earnings-growth ratio of 1.29 and a beta of 1.43. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.34 and a quick ratio of 1.34. The stock’s 50-day moving average is $18.36 and its 200-day moving average is $16.81.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.56. The company had revenue of $407.14 million for the quarter, compared to analyst estimates of $400.05 million. Pebblebrook Hotel Trust had a negative return on equity of 1.83% and a negative net margin of 3.11%.The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.65 EPS. Pebblebrook Hotel Trust has set its Q3 2026 guidance at 0.480-0.520 EPS and its FY 2026 guidance at 1.690-1.760 EPS. Analysts anticipate that Pebblebrook Hotel Trust will post 1.71 EPS for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is currently -5.80%.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

A number of hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc purchased a new position in shares of Pebblebrook Hotel Trust in the 2nd quarter worth $36,905,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Pebblebrook Hotel Trust by 51.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,154,627 shares of the real estate investment trust’s stock valued at $27,213,000 after purchasing an additional 736,078 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Pebblebrook Hotel Trust in the 2nd quarter valued at about $18,729,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Pebblebrook Hotel Trust by 5.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 788,621 shares of the real estate investment trust’s stock worth $15,307,000 after purchasing an additional 41,249 shares in the last quarter. Finally, Bamco Inc. NY acquired a new stake in shares of Pebblebrook Hotel Trust in the second quarter worth $12,115,000.

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust (NYSE:PEB) is a real estate investment trust that owns and invests in upper-upscale, full-service hotels, primarily in major urban and resort destinations across the United States. The company focuses on lifestyle-oriented properties, including independent hotels and hotels affiliated with nationally recognized brands.

Its properties provide lodging, dining, meeting, event, and other hospitality services. Pebblebrook seeks to create value through strategic acquisitions, renovations, repositioning, and active asset management, while working with hotel management companies to operate its properties.

Founded in 2009 and headquartered in Bethesda, Maryland, Pebblebrook has built a portfolio concentrated in markets such as coastal gateway cities and select resort destinations.