Pebblebrook Hotel Trust (NYSE:PEB) Stock Has Average Target Price of $18.27 According to Brokerages

Pebblebrook Hotel Trust (NYSE:PEB) has been given an average rating of “Hold” by the thirteen analysts that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $19.17.

Several research analysts have commented on the stock. Morgan Stanley increased their price objective on shares of Pebblebrook Hotel Trust from $14.00 to $15.00 and gave the company an “underweight” rating in a report on Thursday, October 22nd. Cantor Fitzgerald raised their price objective on Pebblebrook Hotel Trust from $19.00 to $23.00 and gave the company a “neutral” rating in a research report on Tuesday. Weiss Ratings raised Pebblebrook Hotel Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Raymond James Financial boosted their target price on Pebblebrook Hotel Trust from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Monday, September 28th. Finally, Wells Fargo & Company boosted their target price on Pebblebrook Hotel Trust from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Monday, October 26th.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Several large investors have recently bought and sold shares of the business. Allworth Financial LP grew its stake in shares of Pebblebrook Hotel Trust by 85.2% in the 3rd quarter. Allworth Financial LP now owns 1,850 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 851 shares in the last quarter. Nykredit A S bought a new stake in shares of Pebblebrook Hotel Trust in the 2nd quarter worth about $51,000. Group One Trading LLC purchased a new stake in shares of Pebblebrook Hotel Trust during the 2nd quarter valued at about $86,000. Nisa Investment Advisors LLC raised its position in shares of Pebblebrook Hotel Trust by 23.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,282 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 1,185 shares in the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Pebblebrook Hotel Trust during the 1st quarter valued at about $127,000.

Pebblebrook Hotel Trust Trading Up 2.0%

Pebblebrook Hotel Trust stock opened at $22.19 on Friday. The stock has a market cap of $2.48 billion, a P/E ratio of 11.45, a PEG ratio of 0.94 and a beta of 1.45. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.38 and a quick ratio of 1.38. Pebblebrook Hotel Trust has a 1 year low of $10.46 and a 1 year high of $22.40. The firm’s 50 day moving average price is $19.45 and its 200-day moving average price is $16.40.

Pebblebrook Hotel Trust (NYSE:PEB) last released its earnings results on Thursday, October 29th. The real estate investment trust reported ($0.56) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.59). The company had revenue of $402.75 million during the quarter, compared to analysts’ expectations of $393.55 million. Pebblebrook Hotel Trust had a negative return on equity of 2.73% and a negative net margin of 4.55%. Pebblebrook Hotel Trust’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the firm posted $0.51 EPS. On average, equities analysts predict that Pebblebrook Hotel Trust will post 1.76 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Wednesday, September 30th. Pebblebrook Hotel Trust’s dividend payout ratio is currently -4.55%.

Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust is a publicly traded real estate investment trust that owns and invests in upper-upscale hotels and resorts. Its properties are generally located in major U.S. urban markets and resort destinations. The company’s hotels offer lodging and related services, which may include dining, meeting and event facilities, and other guest amenities. Pebblebrook typically works with hotel management companies to operate its properties rather than operating them under a single Pebblebrook-branded hotel chain.