LADENBURG THALM/SH SH Issues Positive Forecast for Pebblebrook Hotel Trust (NYSE:PEB) Stock Price

Pebblebrook Hotel Trust (NYSE:PEB) had its target price hoisted by LADENBURG THALM/SH SH from $19.00 to $21.00 in a research note issued to investors on Friday morning,Benzinga reports. LADENBURG THALM/SH SH currently has a neutral rating on the real estate investment trust’s stock.

PEB has been the subject of several other reports. Barclays upped their target price on shares of Pebblebrook Hotel Trust from $13.00 to $15.00 and gave the company an “underweight” rating in a research note on Tuesday, July 21st. Evercore set a $15.00 price target on shares of Pebblebrook Hotel Trust in a research report on Monday, April 27th. Raymond James Financial restated an “outperform” rating and set a $18.00 price objective on shares of Pebblebrook Hotel Trust in a report on Monday, June 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Pebblebrook Hotel Trust in a research report on Friday, July 24th. Finally, Truist Financial upped their price objective on shares of Pebblebrook Hotel Trust from $17.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, six have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $17.13.

Pebblebrook Hotel Trust Stock Performance

Shares of NYSE PEB opened at $19.10 on Friday. Pebblebrook Hotel Trust has a 12 month low of $9.30 and a 12 month high of $19.93. The company has a market cap of $2.16 billion, a P/E ratio of -27.68, a P/E/G ratio of 1.29 and a beta of 1.39. The business’s 50 day moving average is $18.09 and its two-hundred day moving average is $14.75. The company has a quick ratio of 1.04, a current ratio of 1.34 and a debt-to-equity ratio of 0.83.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported ($0.26) earnings per share for the quarter, beating the consensus estimate of ($0.31) by $0.05. The company had revenue of $345.66 million during the quarter, compared to analysts’ expectations of $331.23 million. Pebblebrook Hotel Trust had a negative return on equity of 1.83% and a negative net margin of 3.11%.Pebblebrook Hotel Trust’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.16 earnings per share. On average, equities analysts expect that Pebblebrook Hotel Trust will post 1.61 EPS for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, June 30th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is -5.80%.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Several institutional investors and hedge funds have recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Pebblebrook Hotel Trust in the 1st quarter valued at $34,000. Quadrant Capital Group LLC lifted its holdings in shares of Pebblebrook Hotel Trust by 32.8% during the 4th quarter. Quadrant Capital Group LLC now owns 3,220 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 796 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in shares of Pebblebrook Hotel Trust during the 4th quarter valued at about $38,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Pebblebrook Hotel Trust by 33.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,465 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 865 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its stake in Pebblebrook Hotel Trust by 188.0% in the fourth quarter. Hantz Financial Services Inc. now owns 5,049 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 3,296 shares during the period.

Trending Headlines about Pebblebrook Hotel Trust

Here are the key news stories impacting Pebblebrook Hotel Trust this week:

• Positive Sentiment: Stifel raises target and keeps a Buy rating: Stifel Nicolaus lifted its price target from $20.25 to $21.25, implying additional upside and reinforcing its positive view of Pebblebrook’s outlook. Benzinga analyst price-target update
• Positive Sentiment: Ladenburg raises target: Ladenburg Thalmann increased its price target from $19.00 to $21.00. Although its rating remains Neutral, the higher target suggests improved expectations for the hotel real estate investment trust. Benzinga analyst price-target update
• Positive Sentiment: Second-quarter results and outlook attract attention: Coverage of Pebblebrook’s Q2 earnings and conference call highlighted a resilient upswing, while comparisons with estimates are giving investors additional detail on the company’s operating performance. The company’s latest reported results included revenue above expectations and an adjusted loss narrower than analysts anticipated. TipRanks earnings-call report Zacks Q2 earnings analysis
• Neutral Sentiment: Analyst consensus remains cautious: Pebblebrook receives an average “Hold” recommendation, indicating that the improved price targets have not yet translated into broad-based conviction among analysts. American Banking News analyst consensus

Pebblebrook Hotel Trust Company Profile

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.