Pebblebrook Hotel Trust (NYSE:PEB) Given Average Rating of “Reduce” by Brokerages

Shares of Pebblebrook Hotel Trust (NYSE:PEB) have received an average recommendation of “Reduce” from the eleven research firms that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $11.70.

Several brokerages recently issued reports on PEB. Cantor Fitzgerald initiated coverage on Pebblebrook Hotel Trust in a report on Wednesday, October 1st. They set a “neutral” rating and a $12.00 price objective for the company. Zacks Research downgraded Pebblebrook Hotel Trust from a “strong-buy” rating to a “hold” rating in a research note on Monday. Wells Fargo & Company raised shares of Pebblebrook Hotel Trust to a “hold” rating in a research note on Friday, October 3rd. Compass Point downgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to a “sell” rating and dropped their target price for the company from $12.00 to $11.50 in a report on Monday, November 10th. Finally, Stifel Nicolaus set a $13.50 target price on shares of Pebblebrook Hotel Trust in a research report on Thursday, November 6th.

Pebblebrook Hotel Trust Stock Down 0.9%

PEB stock opened at $11.37 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.82. The company’s 50-day moving average price is $10.98 and its 200 day moving average price is $10.50. Pebblebrook Hotel Trust has a 52 week low of $7.41 and a 52 week high of $15.12. The company has a market cap of $1.29 billion, a P/E ratio of -19.59 and a beta of 1.85.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings results on Wednesday, November 5th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. The company had revenue of $398.72 million during the quarter, compared to the consensus estimate of $396.80 million. Pebblebrook Hotel Trust had a negative net margin of 2.20% and a negative return on equity of 1.17%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period last year, the firm earned $0.59 EPS. Pebblebrook Hotel Trust has set its FY 2025 guidance at 1.500-1.570 EPS. Q4 2025 guidance at 0.180-0.260 EPS. On average, research analysts expect that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.4%. Pebblebrook Hotel Trust’s dividend payout ratio is presently -3.36%.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

A number of institutional investors have recently made changes to their positions in PEB. Avantax Advisory Services Inc. increased its position in Pebblebrook Hotel Trust by 81.4% during the 1st quarter. Avantax Advisory Services Inc. now owns 68,857 shares of the real estate investment trust’s stock worth $698,000 after purchasing an additional 30,902 shares in the last quarter. Allianz Asset Management GmbH acquired a new stake in shares of Pebblebrook Hotel Trust during the 1st quarter worth about $719,000. Nordea Investment Management AB boosted its stake in shares of Pebblebrook Hotel Trust by 7.6% during the 2nd quarter. Nordea Investment Management AB now owns 802,145 shares of the real estate investment trust’s stock worth $8,025,000 after purchasing an additional 56,815 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Pebblebrook Hotel Trust by 2.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,556,288 shares of the real estate investment trust’s stock worth $25,895,000 after buying an additional 51,537 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Pebblebrook Hotel Trust by 438.2% in the second quarter. GAMMA Investing LLC now owns 9,252 shares of the real estate investment trust’s stock valued at $92,000 after buying an additional 7,533 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.