Wells Fargo & Company Issues Positive Forecast for Pebblebrook Hotel Trust (NYSE:PEB) Stock Price

Pebblebrook Hotel Trust (NYSE:PEB) had its price target increased by stock analysts at Wells Fargo & Company from $11.00 to $13.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 15.36% from the company’s previous close.

A number of other research analysts also recently issued reports on PEB. Compass Point downgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to a “sell” rating and decreased their target price for the company from $12.00 to $11.50 in a research report on Monday, November 10th. Weiss Ratings reissued a “sell (d)” rating on shares of Pebblebrook Hotel Trust in a report on Tuesday, November 25th. Stifel Nicolaus set a $13.50 target price on Pebblebrook Hotel Trust in a report on Thursday, November 6th. Zacks Research cut Pebblebrook Hotel Trust from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Finally, Truist Financial boosted their price target on Pebblebrook Hotel Trust from $9.00 to $11.00 and gave the company a “hold” rating in a report on Thursday, September 11th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of $11.90.

Pebblebrook Hotel Trust Stock Performance

Shares of Pebblebrook Hotel Trust stock traded down $0.07 on Monday, reaching $11.27. 141,402 shares of the stock were exchanged, compared to its average volume of 2,276,382. The business has a 50 day moving average price of $10.97 and a two-hundred day moving average price of $10.51. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of -19.40 and a beta of 1.85. Pebblebrook Hotel Trust has a twelve month low of $7.41 and a twelve month high of $15.12. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.82.

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, topping analysts’ consensus estimates of $0.50 by $0.01. The company had revenue of $398.72 million during the quarter, compared to analyst estimates of $396.80 million. Pebblebrook Hotel Trust had a negative net margin of 2.20% and a negative return on equity of 1.17%. Pebblebrook Hotel Trust’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the firm posted $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. Analysts anticipate that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of PEB. CIBC Bancorp USA Inc. acquired a new position in Pebblebrook Hotel Trust in the 3rd quarter worth about $143,000. CANADA LIFE ASSURANCE Co grew its stake in shares of Pebblebrook Hotel Trust by 3.4% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 306,179 shares of the real estate investment trust’s stock valued at $3,538,000 after buying an additional 10,157 shares in the last quarter. Woodline Partners LP increased its holdings in Pebblebrook Hotel Trust by 114.6% in the third quarter. Woodline Partners LP now owns 3,150,890 shares of the real estate investment trust’s stock worth $35,889,000 after buying an additional 1,682,855 shares during the last quarter. Alyeska Investment Group L.P. raised its position in Pebblebrook Hotel Trust by 56.4% during the third quarter. Alyeska Investment Group L.P. now owns 6,268,902 shares of the real estate investment trust’s stock valued at $71,403,000 after acquiring an additional 2,259,389 shares in the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in Pebblebrook Hotel Trust in the third quarter valued at approximately $8,578,000.

About Pebblebrook Hotel Trust

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.