Pebblebrook Hotel Trust (NYSE:PEB) Hits New 1-Year Low – What’s Next?

Pebblebrook Hotel Trust (NYSE:PEB) hit a new 52-week low during trading on Friday . The company traded as low as $9.96 and last traded at $10.05, with a volume of 441343 shares changing hands. The stock had previously closed at $10.32.

Analyst Ratings Changes

PEB has been the topic of a number of recent analyst reports. Compass Point downgraded Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and cut their price objective for the company from $17.00 to $15.00 in a research note on Monday, March 10th. Wells Fargo & Company reduced their price objective on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 18th. Wedbush downgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price objective for the company. in a report on Thursday, January 2nd. StockNews.com downgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Wednesday, March 5th. Finally, Truist Financial decreased their price target on shares of Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $13.86.

Pebblebrook Hotel Trust Trading Down 1.6 %

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 stock has a market capitalization of $1.22 billion, a P/E ratio of -35.01, a P/E/G ratio of 0.60 and a beta of 1.87. The business’s fifty day simple moving average is $12.06 and its two-hundred day simple moving average is $12.85.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.39%. The ex-dividend date is Monday, March 31st. Pebblebrook Hotel Trust’s payout ratio is presently -9.30%.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in PEB. Centersquare Investment Management LLC grew its holdings in shares of Pebblebrook Hotel Trust by 2,448.9% during the 4th quarter. Centersquare Investment Management LLC now owns 1,879,327 shares of the real estate investment trust’s stock worth $25,465,000 after purchasing an additional 1,805,597 shares in the last quarter. Alyeska Investment Group L.P. lifted its position in Pebblebrook Hotel Trust by 43.3% in the fourth quarter. Alyeska Investment Group L.P. now owns 4,167,770 shares of the real estate investment trust’s stock worth $56,473,000 after purchasing an additional 1,260,077 shares during the period. Nuveen Asset Management LLC boosted its stake in Pebblebrook Hotel Trust by 82.3% during the fourth quarter. Nuveen Asset Management LLC now owns 2,345,333 shares of the real estate investment trust’s stock worth $31,779,000 after buying an additional 1,058,664 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC acquired a new stake in Pebblebrook Hotel Trust during the fourth quarter worth $13,788,000. Finally, Landmark Investment Partners L.P. bought a new stake in Pebblebrook Hotel Trust in the 4th quarter valued at $13,075,000.

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.