Pebblebrook Hotel Trust (NYSE:PEB) Receives $16.98 Average Price Target from Analysts

Pebblebrook Hotel Trust (NYSE:PEB) has earned a consensus rating of “Hold” from the fifteen analysts that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation, three have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $17.1346.

Several research firms have recently weighed in on PEB. Raymond James Financial reaffirmed an “outperform” rating and set a $18.00 target price on shares of Pebblebrook Hotel Trust in a report on Monday, June 8th. Cantor Fitzgerald increased their price target on shares of Pebblebrook Hotel Trust from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Stifel Nicolaus raised their price target on shares of Pebblebrook Hotel Trust from $20.25 to $21.25 and gave the company a “buy” rating in a research report on Thursday, July 30th. Evercore set a $15.00 price objective on shares of Pebblebrook Hotel Trust in a report on Monday, April 27th. Finally, Zacks Research upgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 15th.

Pebblebrook Hotel Trust Trading Down 3.0%

Shares of NYSE:PEB opened at $18.52 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 capitalization of $2.09 billion, a PE ratio of -26.84, a PEG ratio of 1.31 and a beta of 1.40. The business has a 50 day moving average of $18.40 and a two-hundred day moving average of $14.96. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.83.

Pebblebrook Hotel Trust Announces Dividend

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

Hedge Funds Weigh In On Pebblebrook Hotel Trust

A number of hedge funds have recently bought and sold shares of PEB. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Pebblebrook Hotel Trust in the first quarter valued at approximately $34,000. Quadrant Capital Group LLC raised its stake 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 buying an additional 796 shares during the period. Cullen Frost Bankers Inc. purchased a new position in shares of Pebblebrook Hotel Trust during the 4th quarter valued at approximately $38,000. Mirae Asset Global Investments Co. Ltd. lifted 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 buying an additional 865 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its stake in Pebblebrook Hotel Trust by 188.0% in the 4th 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.

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.