Pebblebrook Hotel Trust (NYSE:PEB) Given Consensus Recommendation of “Hold” by Analysts

Pebblebrook Hotel Trust (NYSE:PEB) has earned a consensus rating of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $14.17.

A number of research firms have recently commented on PEB. Truist Financial reduced their target price on shares of Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. Stifel Nicolaus raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and upped their price objective for the company from $14.75 to $15.00 in a research report on Friday, November 22nd. Robert W. Baird dropped their target price on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Wells Fargo & Company reduced their price target on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday. Finally, Wedbush downgraded Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price objective on the stock. in a report on Thursday, January 2nd.

Pebblebrook Hotel Trust Trading Down 1.9 %

NYSE PEB opened at $12.29 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 0.81. Pebblebrook Hotel Trust has a one year low of $11.65 and a one year high of $16.65. The company’s 50 day moving average price is $13.31 and its 200 day moving average price is $13.12. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of -42.36, a PEG ratio of 0.61 and a beta of 1.85.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date was Tuesday, December 31st. Pebblebrook Hotel Trust’s dividend payout ratio is -13.79%.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Several institutional investors and hedge funds have recently made changes to their positions in PEB. GF Fund Management CO. LTD. bought a new position in Pebblebrook Hotel Trust in the 4th quarter valued at $30,000. Quadrant Capital Group LLC increased its stake in shares of Pebblebrook Hotel Trust by 100.2% in the fourth 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. Sterling Capital Management LLC raised its holdings in shares of Pebblebrook Hotel Trust by 815.6% in the fourth quarter. Sterling Capital Management LLC now owns 3,763 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 3,352 shares during the last quarter. Covestor Ltd lifted its position in Pebblebrook Hotel Trust by 80.1% during the 3rd quarter. Covestor Ltd now owns 4,471 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 1,989 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Pebblebrook Hotel Trust by 35.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,677 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 1,212 shares during 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.