Pebblebrook Hotel Trust (NYSE:PEB) had its target price trimmed by Wells Fargo & Co from $28.00 to $27.00 in a research report report published on Friday, BenzingaRatingsTable reports. The firm currently has a market perform rating on the real estate investment trust’s stock.
A number of other equities analysts have also weighed in on PEB. Zacks Investment Research lowered shares of Pebblebrook Hotel Trust from a hold rating to a sell rating in a research report on Wednesday, October 16th. Bank of America lowered shares of Pebblebrook Hotel Trust from a buy rating to a neutral rating and dropped their target price for the stock from $33.00 to $29.00 in a research report on Wednesday, July 17th. BTIG Research lowered shares of Pebblebrook Hotel Trust from a buy rating to a neutral rating in a research report on Thursday, August 15th. Capital One Financial began coverage on shares of Pebblebrook Hotel Trust in a research report on Tuesday, June 25th. They set an overweight rating and a $35.00 target price for the company. Finally, BMO Capital Markets began coverage on shares of Pebblebrook Hotel Trust in a research report on Wednesday, October 16th. They set a market perform rating and a $28.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $33.42.
Shares of NYSE:PEB opened at $26.36 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a fifty day moving average price of $27.43 and a 200 day moving average price of $28.64. Pebblebrook Hotel Trust has a fifty-two week low of $25.64 and a fifty-two week high of $37.09. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of 10.76, a P/E/G ratio of 1.98 and a beta of 1.34.
Pebblebrook Hotel Trust (NYSE:PEB) last issued its earnings results on Thursday, July 25th. The real estate investment trust reported $0.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.02. Pebblebrook Hotel Trust had a negative net margin of 0.25% and a negative return on equity of 0.10%. The firm had revenue of $442.08 million during the quarter, compared to analyst estimates of $435.37 million. During the same quarter in the prior year, the business earned $0.81 earnings per share. Pebblebrook Hotel Trust’s revenue for the quarter was up 114.1% on a year-over-year basis. As a group, research analysts predict that Pebblebrook Hotel Trust will post 2.65 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.52 annualized dividend and a yield of 5.77%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is currently 62.04%.
Hedge funds have recently added to or reduced their stakes in the business. Harvest Fund Management Co. Ltd lifted its position in Pebblebrook Hotel Trust by 266.7% during the second quarter. Harvest Fund Management Co. Ltd now owns 1,100 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 800 shares during the last quarter. Dupont Capital Management Corp bought a new stake in shares of Pebblebrook Hotel Trust in the 2nd quarter worth about $37,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Pebblebrook Hotel Trust by 35.5% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,220 shares of the real estate investment trust’s stock worth $91,000 after acquiring an additional 844 shares during the last quarter. Arden Trust Co bought a new stake in shares of Pebblebrook Hotel Trust in the 2nd quarter worth about $210,000. Finally, Zeke Capital Advisors LLC lifted its holdings in shares of Pebblebrook Hotel Trust by 24.4% in the 3rd quarter. Zeke Capital Advisors LLC now owns 9,475 shares of the real estate investment trust’s stock worth $264,000 after acquiring an additional 1,861 shares during the last quarter.
About Pebblebrook Hotel Trust
Pebblebrook Hotel Trust is a publicly traded real estate investment trust (?REIT?) organized to opportunistically acquire and invest primarily in upper upscale, full-service hotels located in urban markets in major gateway cities. The Company owns 61 hotels, totaling approximately 14,600 guest rooms, located in 10 states and the District of Columbia, including: Del Mar, California; Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Santa Cruz, California; Washington, DC; Coral Gables, Florida; Key West, Florida; Naples, Florida; Buckhead, Georgia; Chicago, Illinois; Boston, Massachusetts; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.
Receive News & Ratings for Pebblebrook Hotel Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pebblebrook Hotel Trust and related companies with MarketBeat.com's FREE daily email newsletter.