Pebblebrook Hotel Trust (NYSE:PEB) Hits New 12-Month Low – Should You Sell?

Pebblebrook Hotel Trust (NYSE:PEB) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $9.97 and last traded at $10.04, with a volume of 380834 shares. The stock had previously closed at $10.58.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PEB. Wedbush cut shares of Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 target price for the company. in a research report on Thursday, January 2nd. Stifel Nicolaus upgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and lifted their target price for the stock from $14.75 to $15.00 in a research report on Friday, November 22nd. Wells Fargo & Company cut their target price on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 18th. 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 lowered 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 research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $13.86.

Pebblebrook Hotel Trust Trading Down 4.7 %

The business’s fifty day moving average is $12.44 and its 200-day moving average is $12.95. The stock has a market capitalization of $1.21 billion, a PE ratio of -34.69, a P/E/G ratio of 0.60 and a beta of 1.87. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78.

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 issued a $0.01 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.40%. Pebblebrook Hotel Trust’s payout ratio is -9.30%.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Institutional investors have recently bought and sold shares of the stock. GF Fund Management CO. LTD. purchased a new stake in Pebblebrook Hotel Trust in the fourth quarter valued at approximately $30,000. Quadrant Capital Group LLC grew its stake in Pebblebrook Hotel Trust by 100.2% during the fourth quarter. Quadrant Capital Group LLC now owns 2,644 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 1,323 shares during the period. Sterling Capital Management LLC grew its stake in Pebblebrook Hotel Trust by 815.6% during the fourth quarter. Sterling Capital Management LLC now owns 3,763 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 3,352 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Pebblebrook Hotel Trust during the fourth quarter worth approximately $99,000. Finally, FMR LLC grew its stake in Pebblebrook Hotel Trust by 10.8% during the third quarter. FMR LLC now owns 9,069 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 884 shares during the period.

About Pebblebrook Hotel Trust

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.