Pebblebrook Hotel Trust (NYSE:PEB) Receives Consensus Recommendation of “Hold” from Analysts

Pebblebrook Hotel Trust (NYSE:PEB) has received a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $12.78.

A number of brokerages recently commented on PEB. StockNews.com lowered Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, March 5th. Compass Point lowered Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and cut their target price for the company from $17.00 to $15.00 in a research note on Monday, March 10th. Wedbush set a $9.00 target price on Pebblebrook Hotel Trust and gave the company an “underperform” rating in a research note on Tuesday, May 6th. Wells Fargo & Company cut their target price on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 18th. Finally, Truist Financial cut their target price on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating for the company in a research note on Tuesday, February 4th.

Pebblebrook Hotel Trust Stock Up 2.6%

Shares of PEB stock opened at $9.73 on Wednesday. Pebblebrook Hotel Trust has a 12 month low of $7.41 and a 12 month high of $15.46. The firm has a market cap of $1.15 billion, a PE ratio of -33.55, a price-to-earnings-growth ratio of 0.60 and a beta of 1.80. The stock has a 50 day moving average of $9.65 and a 200-day moving average of $11.94. 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 (NYSE:PEB) last issued its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. Pebblebrook Hotel Trust had a return on equity of 0.13% and a net margin of 0.25%. The company had revenue of $320.27 million during the quarter, compared to analyst estimates of $311.74 million. During the same period in the previous year, the company earned $0.21 earnings per share. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, equities analysts predict that Pebblebrook Hotel Trust will post 1.5 EPS for the current year.

Pebblebrook Hotel Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend was Monday, March 31st. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is -8.33%.

Institutional Trading of Pebblebrook Hotel Trust

A number of large investors have recently bought and sold shares of PEB. GF Fund Management CO. LTD. bought a new stake in shares of Pebblebrook Hotel Trust during the fourth quarter worth $30,000. Quadrant Capital Group LLC grew its holdings in shares of 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 purchasing an additional 1,323 shares during the last quarter. CWM LLC grew its holdings in shares of Pebblebrook Hotel Trust by 324.2% during the first quarter. CWM LLC now owns 3,071 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 2,347 shares during the last quarter. Sterling Capital Management LLC grew its holdings in shares of 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 purchasing an additional 3,352 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Pebblebrook Hotel Trust during the fourth quarter worth $99,000.

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.