Pebblebrook Hotel Trust (NYSE:PEB) Sets New 52-Week High – Still a Buy?

Shares of Pebblebrook Hotel Trust (NYSE:PEB) reached a new 52-week high during trading on Tuesday . The company traded as high as $19.63 and last traded at $19.6110, with a volume of 970162 shares. The stock had previously closed at $19.34.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PEB. LADENBURG THALM/SH SH increased their price target on shares of Pebblebrook Hotel Trust from $15.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday, June 18th. Evercore set a $15.00 price objective on shares of Pebblebrook Hotel Trust in a research note on Monday, April 27th. Citigroup increased their target price on shares of Pebblebrook Hotel Trust from $13.00 to $15.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Morgan Stanley lifted their target price on shares of Pebblebrook Hotel Trust from $10.00 to $12.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 12th. Finally, Cantor Fitzgerald boosted their price target 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. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, Pebblebrook Hotel Trust currently has an average rating of “Hold” and an average price target of $16.06.

Pebblebrook Hotel Trust Stock Performance

The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.82. The company has a market cap of $2.22 billion, a PE ratio of -24.51, a P/E/G ratio of 1.65 and a beta of 1.45. The business has a fifty day moving average of $15.90 and a 200-day moving average of $13.54.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its quarterly earnings results 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 during the quarter, compared to analyst estimates of $331.23 million. During the same quarter last year, the firm posted $0.16 earnings per share. The firm’s 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. Equities research analysts anticipate that Pebblebrook Hotel Trust will post 1.6 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. Pebblebrook Hotel Trust’s dividend payout ratio is currently -5.00%.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in 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 valued at $941,000 after acquiring an additional 59,367 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Pebblebrook Hotel Trust by 4.5% during the first 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 acquiring an additional 3,075 shares in the last quarter. Caxton Associates LLP bought a new stake in shares of Pebblebrook Hotel Trust in the 1st quarter worth $310,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Pebblebrook Hotel Trust by 8.0% in 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 last quarter. Finally, Creative Planning purchased a new stake in Pebblebrook Hotel Trust during the 2nd quarter valued at $176,000.

About Pebblebrook Hotel Trust

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.