Analysts Set Pebblebrook Hotel Trust (NYSE:PEB) PT at $13.86

Shares of Pebblebrook Hotel Trust (NYSE:PEB) have earned a consensus rating of “Hold” from the six ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $13.86.

PEB has been the subject of a number of recent research reports. Raymond James set a $14.00 price objective on shares of Pebblebrook Hotel Trust and gave the company an “outperform” rating in a research report on Thursday, February 27th. Wedbush lowered Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price target for the company. in a report on Thursday, January 2nd. StockNews.com downgraded Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, March 5th. Truist Financial cut their price objective on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating for the company in a research note on Tuesday, February 4th. Finally, Compass Point cut shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $17.00 to $15.00 in a research note on Monday, March 10th.

Pebblebrook Hotel Trust Stock Performance

PEB opened at $10.51 on Tuesday. The company’s 50 day moving average is $12.33 and its 200 day moving average is $12.91. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. The company has a market cap of $1.26 billion, a price-to-earnings ratio of -36.23, a PEG ratio of 0.60 and a beta of 1.87. Pebblebrook Hotel Trust has a 12-month low of $9.97 and a 12-month high of $16.09.

Pebblebrook Hotel Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend is Monday, March 31st. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is currently -9.30%.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

A number of hedge funds and other institutional investors have recently modified their holdings of PEB. FMR LLC lifted its stake in Pebblebrook Hotel Trust by 10.8% in the 3rd quarter. FMR LLC now owns 9,069 shares of the real estate investment trust’s stock worth $120,000 after purchasing an additional 884 shares in the last quarter. Atria Investments Inc lifted its position in shares of Pebblebrook Hotel Trust by 2.2% in the third quarter. Atria Investments Inc now owns 40,897 shares of the real estate investment trust’s stock worth $541,000 after buying an additional 889 shares in the last quarter. Sei Investments Co. boosted its stake in Pebblebrook Hotel Trust by 0.3% during the fourth quarter. Sei Investments Co. now owns 397,337 shares of the real estate investment trust’s stock valued at $5,384,000 after buying an additional 1,098 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in Pebblebrook Hotel Trust by 100.2% during the 4th quarter. Quadrant Capital Group LLC now owns 2,644 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 1,323 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of Pebblebrook Hotel Trust by 0.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 191,009 shares of the real estate investment trust’s stock worth $2,527,000 after acquiring an additional 1,402 shares in the last quarter.

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.