Pebblebrook Hotel Trust (NYSE:PEB) Reaches New 12-Month Low – Time to Sell?

Shares of Pebblebrook Hotel Trust (NYSE:PEB) hit a new 52-week low during trading on Tuesday . The stock traded as low as $10.88 and last traded at $10.94, with a volume of 870346 shares. The stock had previously closed at $11.51.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Raymond James set a $14.00 price target on shares of Pebblebrook Hotel Trust and gave the company an “outperform” rating in a research note on Thursday, February 27th. Truist Financial decreased their target price on 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 cut Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price target for the company. in a report on Thursday, January 2nd. Wells Fargo & Company decreased their price objective on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. Finally, Stifel Nicolaus raised Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and lifted their target price for the stock from $14.75 to $15.00 in a report on Friday, November 22nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Pebblebrook Hotel Trust presently has an average rating of “Hold” and a consensus price target of $13.86.

Pebblebrook Hotel Trust Price Performance

The company has a fifty day simple moving average of $12.85 and a two-hundred day simple moving average of $13.08. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of -39.43, a PEG ratio of 0.60 and a beta of 1.87. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 0.81.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date was Tuesday, December 31st. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -9.30%.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

A number of large investors have recently bought and sold shares of the company. FMR LLC raised its position in shares of Pebblebrook Hotel Trust by 10.8% in the 3rd quarter. FMR LLC now owns 9,069 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 884 shares in the last quarter. Atria Investments Inc increased its stake in Pebblebrook Hotel Trust by 2.2% in the third quarter. Atria Investments Inc now owns 40,897 shares of the real estate investment trust’s stock valued at $541,000 after acquiring an additional 889 shares during the last quarter. Sei Investments Co. raised its position in Pebblebrook Hotel Trust by 0.3% during 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 purchasing an additional 1,098 shares in the last quarter. Quadrant Capital Group LLC raised its position in 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 valued at $36,000 after purchasing an additional 1,323 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Pebblebrook Hotel Trust by 0.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 191,009 shares of the real estate investment trust’s stock valued at $2,527,000 after purchasing an additional 1,402 shares in the last quarter.

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.