Pebblebrook Hotel Trust (NYSE:PEB) Sets New 52-Week Low – Here’s Why

Pebblebrook Hotel Trust (NYSE:PEB) reached a new 52-week low during trading on Monday . The company traded as low as $7.69 and last traded at $7.82, with a volume of 137007 shares traded. The stock had previously closed at $8.43.

Analysts Set New Price Targets

A number of analysts recently issued reports on PEB shares. Raymond James set a $14.00 target price on Pebblebrook Hotel Trust and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Wedbush lowered Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 target price on the stock. in a research report on Thursday, January 2nd. Truist Financial reduced their price target on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. StockNews.com downgraded Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Wednesday, March 5th. Finally, Wells Fargo & Company dropped their price objective on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $13.86.

Pebblebrook Hotel Trust Trading Down 3.6 %

The business’s 50 day moving average price is $11.65 and its two-hundred day moving average price is $12.74. The company has a market capitalization of $973.61 million, a price-to-earnings ratio of -28.13, a P/E/G ratio of 0.60 and a beta of 1.69. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.04 annualized dividend and a yield of 0.49%. Pebblebrook Hotel Trust’s dividend payout ratio is presently -9.30%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Cerity Partners LLC lifted its stake in shares of Pebblebrook Hotel Trust by 35.1% in the 3rd quarter. Cerity Partners LLC now owns 34,806 shares of the real estate investment trust’s stock valued at $460,000 after purchasing an additional 9,045 shares during the period. FMR LLC increased its position 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 valued at $120,000 after buying an additional 884 shares in the last quarter. Captrust Financial Advisors increased its position in Pebblebrook Hotel Trust by 42.7% in the 3rd quarter. Captrust Financial Advisors now owns 29,413 shares of the real estate investment trust’s stock valued at $389,000 after buying an additional 8,806 shares in the last quarter. Holocene Advisors LP acquired a new position in Pebblebrook Hotel Trust during the 3rd quarter worth approximately $166,000. Finally, Quadrature Capital Ltd bought a new position in Pebblebrook Hotel Trust in the third quarter worth approximately $185,000.

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.