Pebblebrook Hotel Trust (NYSE:PEB) Receives $13.28 Average Target Price from Analysts

Pebblebrook Hotel Trust (NYSE:PEB) has earned an average rating of “Hold” from the seven research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $12.78.

A number of equities research analysts have weighed in on the company. Raymond James set a $14.00 price objective on Pebblebrook Hotel Trust and gave the company an “outperform” rating in a research note on Thursday, February 27th. Evercore ISI cut their price target on Pebblebrook Hotel Trust from $15.00 to $11.00 and set an “in-line” rating for the company in a research note on Monday, April 28th. Stifel Nicolaus cut their price target on Pebblebrook Hotel Trust from $16.50 to $13.25 and set a “buy” rating for the company in a research note on Wednesday, April 16th. Wells Fargo & Company cut their price target 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, StockNews.com cut Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, March 5th.

Pebblebrook Hotel Trust Price Performance

Shares of NYSE PEB opened at $10.44 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. Pebblebrook Hotel Trust has a twelve month low of $7.41 and a twelve month high of $15.46. The stock has a 50 day moving average of $9.60 and a two-hundred day moving average of $11.92. The stock has a market cap of $1.24 billion, a P/E ratio of -36.00, a P/E/G ratio of 0.60 and a beta of 1.80.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share for the quarter, beating 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 analysts’ expectations of $311.74 million. During the same quarter in the previous year, the business earned $0.21 earnings per share. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, research analysts forecast that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current year.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend was Monday, March 31st. Pebblebrook Hotel Trust’s dividend payout ratio is presently -8.33%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Aberdeen Group plc grew its holdings in Pebblebrook Hotel Trust by 4.3% during the first quarter. Aberdeen Group plc now owns 37,230 shares of the real estate investment trust’s stock worth $377,000 after acquiring an additional 1,534 shares during the period. Boston Partners grew its holdings in Pebblebrook Hotel Trust by 5.0% during the first quarter. Boston Partners now owns 72,140 shares of the real estate investment trust’s stock worth $731,000 after acquiring an additional 3,412 shares during the period. Resona Asset Management Co. Ltd. grew its holdings in Pebblebrook Hotel Trust by 10.2% during the first quarter. Resona Asset Management Co. Ltd. now owns 52,099 shares of the real estate investment trust’s stock worth $529,000 after acquiring an additional 4,801 shares during the period. Public Sector Pension Investment Board grew its holdings in Pebblebrook Hotel Trust by 27.3% in the first quarter. Public Sector Pension Investment Board now owns 379,531 shares of the real estate investment trust’s stock valued at $3,845,000 after purchasing an additional 81,343 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Pebblebrook Hotel Trust by 10.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 84,591 shares of the real estate investment trust’s stock valued at $857,000 after purchasing an additional 7,988 shares during 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.