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

Shares of Pebblebrook Hotel Trust (NYSE:PEB) have earned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $13.61.

A number of research analysts have issued reports on PEB shares. Compass Point downgraded Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and decreased their price target for the company from $17.00 to $15.00 in a report on Monday, March 10th. StockNews.com downgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Wednesday, March 5th. Wedbush cut shares of Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price objective for the company. in a report on Thursday, January 2nd. Raymond James set a $14.00 price objective on shares of Pebblebrook Hotel Trust and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Finally, Stifel Nicolaus dropped their target price on Pebblebrook Hotel Trust from $16.50 to $13.25 and set a “buy” rating on the stock in a research report on Wednesday.

Pebblebrook Hotel Trust Stock Performance

Shares of PEB stock opened at $8.69 on Friday. Pebblebrook Hotel Trust has a 52-week low of $7.41 and a 52-week high of $16.06. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78. The stock has a market cap of $1.03 billion, a PE ratio of -29.95, a price-to-earnings-growth ratio of 0.60 and a beta of 1.69. The business has a 50-day simple moving average of $10.56 and a 200-day simple moving average of $12.33.

Pebblebrook Hotel Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.46%. The ex-dividend date was Monday, March 31st. Pebblebrook Hotel Trust’s payout ratio is -9.30%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GF Fund Management CO. LTD. purchased a new position in shares of Pebblebrook Hotel Trust in the fourth quarter worth about $30,000. Quadrant Capital Group LLC boosted its holdings in shares of Pebblebrook Hotel Trust by 100.2% during the 4th 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. Sterling Capital Management LLC grew its position in shares of Pebblebrook Hotel Trust by 815.6% in the fourth quarter. Sterling Capital Management LLC now owns 3,763 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 3,352 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Pebblebrook Hotel Trust during the fourth quarter worth approximately $99,000. Finally, FMR LLC boosted its stake in Pebblebrook Hotel Trust by 10.8% during the third quarter. FMR LLC now owns 9,069 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 884 shares during the last quarter.

Pebblebrook Hotel Trust Company Profile

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.