Pebblebrook Hotel Trust (NYSE:PEB) Upgraded by Zacks Research to “Strong-Buy” Rating

Pebblebrook Hotel Trust (NYSE:PEBGet Free Report) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

PEB has been the topic of a number of other research reports. Citigroup increased their target price on Pebblebrook Hotel Trust from $13.00 to $15.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Morgan Stanley boosted their price target on Pebblebrook Hotel Trust from $10.00 to $12.00 and gave the company an “underweight” rating in a report on Tuesday, May 12th. LADENBURG THALM/SH SH began coverage on Pebblebrook Hotel Trust in a research report on Thursday, March 26th. They set a “neutral” rating and a $14.00 price target on the stock. Wells Fargo & Company raised their price objective on Pebblebrook Hotel Trust from $12.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Finally, Truist Financial raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $14.00 to $17.00 in a report on Wednesday, May 27th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, Pebblebrook Hotel Trust has a consensus rating of “Hold” and a consensus target price of $14.98.

View Our Latest Report on Pebblebrook Hotel Trust

Pebblebrook Hotel Trust Price Performance

PEB opened at $19.35 on Monday. The company has a market capitalization of $2.19 billion, a P/E ratio of -24.18, a PEG ratio of 1.61 and a beta of 1.45. The company has a 50-day moving average of $14.94 and a 200-day moving average of $13.04. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.04 and a current ratio of 1.04. Pebblebrook Hotel Trust has a 1-year low of $9.28 and a 1-year high of $19.39.

Pebblebrook Hotel Trust (NYSE:PEBGet Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.31) by $0.05. The business had revenue of $345.66 million for the quarter, compared to analysts’ expectations of $331.23 million. Pebblebrook Hotel Trust had a negative net margin of 4.18% and a negative return on equity of 2.41%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.16 earnings per share. Pebblebrook Hotel Trust has set its Q2 2026 guidance at 0.580-0.620 EPS. Equities analysts expect that Pebblebrook Hotel Trust will post 1.59 EPS for the current fiscal year.

Institutional Trading of Pebblebrook Hotel Trust

A number of institutional investors and hedge funds have recently made changes to their positions in PEB. Alyeska Investment Group L.P. boosted its position in Pebblebrook Hotel Trust by 11.1% during the 4th quarter. Alyeska Investment Group L.P. now owns 6,964,179 shares of the real estate investment trust’s stock valued at $78,835,000 after purchasing an additional 695,277 shares during the period. Price T Rowe Associates Inc. MD increased its position in Pebblebrook Hotel Trust by 13.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,180,800 shares of the real estate investment trust’s stock worth $69,969,000 after buying an additional 711,042 shares during the period. Millennium Management LLC increased its position in Pebblebrook Hotel Trust by 46.1% in the fourth quarter. Millennium Management LLC now owns 3,158,256 shares of the real estate investment trust’s stock worth $35,751,000 after buying an additional 997,119 shares during the period. Woodline Partners LP lifted its stake in Pebblebrook Hotel Trust by 114.6% in the third quarter. Woodline Partners LP now owns 3,150,890 shares of the real estate investment trust’s stock valued at $35,889,000 after buying an additional 1,682,855 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Pebblebrook Hotel Trust by 6.2% in the fourth quarter. Geode Capital Management LLC now owns 3,033,952 shares of the real estate investment trust’s stock valued at $34,350,000 after buying an additional 177,466 shares during the last quarter.

About Pebblebrook Hotel Trust

(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.

See Also

Analyst Recommendations for Pebblebrook Hotel Trust (NYSE:PEB)

Receive News & Ratings for Pebblebrook Hotel Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pebblebrook Hotel Trust and related companies with MarketBeat.com's FREE daily email newsletter.