Pebblebrook Hotel Trust (NYSE:PEB) Stock Rating Upgraded by Wells Fargo & Company

Pebblebrook Hotel Trust (NYSE:PEBGet Free Report) was upgraded by equities researchers at Wells Fargo & Company to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

PEB has been the subject of several other research reports. BMO Capital Markets restated a “market perform” rating and set a $17.00 price target on shares of Pebblebrook Hotel Trust in a report on Friday, June 12th. Barclays upped their price objective on shares of Pebblebrook Hotel Trust from $13.00 to $15.00 and gave the company an “underweight” rating in a research note on Tuesday. Cantor Fitzgerald lifted their target price on shares of Pebblebrook Hotel Trust from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Zacks Research raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 15th. Finally, Truist Financial increased their price target on Pebblebrook Hotel Trust from $17.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Pebblebrook Hotel Trust has a consensus rating of “Hold” and an average price target of $16.90.

Read Our Latest Stock Analysis on PEB

Pebblebrook Hotel Trust Trading Up 0.7%

Shares of PEB stock opened at $19.09 on Thursday. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of -23.87, a PEG ratio of 1.31 and a beta of 1.39. The stock has a 50-day moving average of $17.65 and a 200-day moving average of $14.50. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.82. Pebblebrook Hotel Trust has a 1-year low of $9.30 and a 1-year high of $19.93.

Pebblebrook Hotel Trust (NYSE:PEBGet Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported ($0.26) EPS for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.05. Pebblebrook Hotel Trust had a negative return on equity of 2.41% and a negative net margin of 4.18%.The company had revenue of $345.66 million for the quarter, compared to analyst estimates of $331.23 million. During the same period in the previous year, the firm earned $0.16 earnings per share. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. Pebblebrook Hotel Trust has set its Q2 2026 guidance at 0.580-0.620 EPS. On average, equities research analysts forecast that Pebblebrook Hotel Trust will post 1.61 earnings per share for the current year.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

A number of large investors have recently bought and sold shares of PEB. AQR Capital Management LLC boosted its position in shares of Pebblebrook Hotel Trust by 174.6% during the 1st quarter. AQR Capital Management LLC now owns 93,371 shares of the real estate investment trust’s stock worth $941,000 after purchasing an additional 59,367 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Pebblebrook Hotel Trust by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,002 shares of the real estate investment trust’s stock valued at $719,000 after buying an additional 3,075 shares in the last quarter. Caxton Associates LLP bought a new stake in Pebblebrook Hotel Trust in the 1st quarter valued at about $310,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Pebblebrook Hotel Trust by 8.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 659,945 shares of the real estate investment trust’s stock worth $6,685,000 after buying an additional 48,640 shares during the period. Finally, Creative Planning acquired a new position in Pebblebrook Hotel Trust during the 2nd quarter worth approximately $176,000.

Pebblebrook Hotel Trust Company Profile

(Get Free Report)

Pebblebrook Hotel Trust (NYSE:PEB) is a real estate investment trust specializing in premium, high-barrier-to-entry hotel properties in gateway markets across the United States. Established in 2009, PEB focuses on lifestyle-oriented lodging assets that cater to business and leisure travelers seeking elevated experiences. The company’s investment strategy emphasizes select-service and full-service hotels with established brands and prime urban or resort locations.

PEB’s portfolio comprises more than 30 properties in major metropolitan areas including New York City, Los Angeles, Chicago, Miami and San Francisco.

Further Reading

Analyst Recommendations for Pebblebrook Hotel Trust (NYSE:PEB)

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