Pebblebrook Hotel Trust (NYSE:PEB) Given Average Recommendation of “Hold” by Brokerages

Pebblebrook Hotel Trust (NYSE:PEB) has been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 1 year price target 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 research reports. Raymond James set a $14.00 price objective on Pebblebrook Hotel Trust and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Truist Financial lowered their price objective 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. Wedbush downgraded 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 boosted their price target for the company from $14.75 to $15.00 in a report on Friday, November 22nd. Finally, StockNews.com cut Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, March 5th.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC boosted its stake in Pebblebrook Hotel Trust by 10.8% during the 3rd quarter. FMR LLC now owns 9,069 shares of the real estate investment trust’s stock valued at $120,000 after purchasing an additional 884 shares during the period. Atria Investments Inc lifted its holdings in shares of Pebblebrook Hotel Trust by 2.2% during 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 during the last quarter. Sei Investments Co. boosted its position in shares of Pebblebrook Hotel Trust by 0.3% in 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 acquiring an additional 1,098 shares during the period. Quadrant Capital Group LLC grew 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 worth $36,000 after acquiring an additional 1,323 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in shares of Pebblebrook Hotel Trust by 0.7% in the third 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 during the last quarter.

Pebblebrook Hotel Trust Stock Performance

Shares of Pebblebrook Hotel Trust stock opened at $10.93 on Tuesday. Pebblebrook Hotel Trust has a 12 month low of $10.31 and a 12 month high of $16.19. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78. The stock has a market cap of $1.31 billion, a PE ratio of -37.67, a price-to-earnings-growth ratio of 0.60 and a beta of 1.87. The business has a fifty day simple moving average of $12.58 and a 200-day simple moving average of $13.00.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently declared 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 0.37%. The ex-dividend date is Monday, March 31st. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is -9.30%.

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.