Pebblebrook Hotel Trust (NYSE:PEB) hit a new 52-week low on Thursday . The company traded as low as $32.64 and last traded at $32.87, with a volume of 47902 shares trading hands. The stock had previously closed at $33.27.
A number of equities research analysts have weighed in on PEB shares. Royal Bank of Canada reiterated a “buy” rating and set a $40.00 target price on shares of Pebblebrook Hotel Trust in a research note on Wednesday, August 15th. ValuEngine lowered shares of Pebblebrook Hotel Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Zacks Investment Research upgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research note on Thursday, September 27th. Finally, Robert W. Baird set a $38.00 target price on shares of Pebblebrook Hotel Trust and gave the company a “hold” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $38.90.
The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market cap of $2.51 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 2.76 and a beta of 1.22.
Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings data on Wednesday, July 25th. The real estate investment trust reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.05. Pebblebrook Hotel Trust had a net margin of 15.71% and a return on equity of 7.99%. The firm had revenue of $206.50 million during the quarter, compared to the consensus estimate of $207.37 million. During the same quarter in the previous year, the firm posted $0.75 EPS. The company’s revenue for the quarter was up .4% compared to the same quarter last year. As a group, equities analysts anticipate that Pebblebrook Hotel Trust will post 2.64 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date is Thursday, September 27th. Pebblebrook Hotel Trust’s payout ratio is 59.14%.
Several hedge funds have recently modified their holdings of the company. BlackRock Inc. grew its position in shares of Pebblebrook Hotel Trust by 5.1% during the 2nd quarter. BlackRock Inc. now owns 6,763,972 shares of the real estate investment trust’s stock valued at $262,442,000 after acquiring an additional 330,655 shares during the period. Earnest Partners LLC bought a new stake in shares of Pebblebrook Hotel Trust during the 2nd quarter valued at $69,522,000. Northern Trust Corp grew its position in shares of Pebblebrook Hotel Trust by 3.2% during the 2nd quarter. Northern Trust Corp now owns 1,710,912 shares of the real estate investment trust’s stock valued at $66,383,000 after acquiring an additional 53,619 shares during the period. Glenmede Trust Co. NA grew its position in shares of Pebblebrook Hotel Trust by 3.7% during the 2nd quarter. Glenmede Trust Co. NA now owns 1,493,727 shares of the real estate investment trust’s stock valued at $57,957,000 after acquiring an additional 53,289 shares during the period. Finally, Macquarie Group Ltd. grew its position in shares of Pebblebrook Hotel Trust by 11.2% during the 2nd quarter. Macquarie Group Ltd. now owns 1,318,159 shares of the real estate investment trust’s stock valued at $51,144,000 after acquiring an additional 133,192 shares during the period.
About Pebblebrook Hotel Trust (NYSE:PEB)
Pebblebrook Hotel Trust is a publicly traded real estate investment trust (?REIT?) organized to opportunistically acquire and invest primarily in upper upscale, full-service hotels located in urban markets in major gateway cities. The Company owns 28 hotels, with a total of 6,973 guest rooms. The Company owns hotels located in 9 states and the District of Columbia, including: Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Washington, DC; Coral Gables, Florida; Naples, Florida; Buckhead, Georgia; Boston, Massachusetts; Minneapolis, Minnesota; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.
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