Pebblebrook Hotel Trust (NYSE:PEB) Reaches New 12-Month High – Here’s What Happened

Pebblebrook Hotel Trust (NYSE:PEB)’s stock price hit a new 52-week high on Friday. The stock traded as high as $19.96 and last traded at $19.6550, with a volume of 733,153 shares traded. The stock had previously closed at $19.36.

Analyst Ratings Changes

Several research firms have commented on PEB. Cantor Fitzgerald upped their price objective on Pebblebrook Hotel Trust from $15.00 to $19.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Barclays dropped their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set an “underweight” rating for the company in a research note on Thursday, August 27th. Weiss Ratings raised shares of Pebblebrook Hotel Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Raymond James Financial raised their price target on shares of Pebblebrook Hotel Trust from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Monday, September 28th. Finally, Wells Fargo & Company lifted their price target on shares of Pebblebrook Hotel Trust from $16.00 to $19.00 and gave the company an “equal weight” rating in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Pebblebrook Hotel Trust has an average rating of “Hold” and an average target price of $17.60.

Pebblebrook Hotel Trust Price Performance

The company has a fifty day moving average of $18.38 and a 200-day moving average of $17.10. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.83. The stock has a market cap of $2.20 billion, a PE ratio of -28.22, a P/E/G ratio of 1.30 and a beta of 1.43.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.56. The firm had revenue of $407.14 million during the quarter, compared to analysts’ expectations of $400.05 million. Pebblebrook Hotel Trust had a negative net margin of 3.11% and a negative return on equity of 1.83%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.65 earnings per share. Pebblebrook Hotel Trust has set its Q3 2026 guidance at 0.480-0.520 EPS and its FY 2026 guidance at 1.690-1.760 EPS. Sell-side analysts expect that Pebblebrook Hotel Trust will post 1.71 EPS for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Amundi boosted its holdings in Pebblebrook Hotel Trust by 484.2% in the second quarter. Amundi now owns 495,647 shares of the real estate investment trust’s stock valued at $9,621,000 after purchasing an additional 410,804 shares in the last quarter. Corient Private Wealth LP purchased a new position in shares of Pebblebrook Hotel Trust in the 2nd quarter valued at approximately $1,511,000. WINTON GROUP Ltd acquired a new position in Pebblebrook Hotel Trust in the 2nd quarter valued at $2,869,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Pebblebrook Hotel Trust in the 2nd quarter valued at approximately $1,906,000. Finally, Legal & General Group Plc acquired a new stake in Pebblebrook Hotel Trust in the second quarter valued at $36,905,000.

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust (NYSE:PEB) is a real estate investment trust that owns and invests in upper-upscale, full-service hotels, primarily in major urban and resort destinations across the United States. The company focuses on lifestyle-oriented properties, including independent hotels and hotels affiliated with nationally recognized brands.

Its properties provide lodging, dining, meeting, event, and other hospitality services. Pebblebrook seeks to create value through strategic acquisitions, renovations, repositioning, and active asset management, while working with hotel management companies to operate its properties.

Founded in 2009 and headquartered in Bethesda, Maryland, Pebblebrook has built a portfolio concentrated in markets such as coastal gateway cities and select resort destinations.