Pebblebrook Hotel Trust (NYSE:PEB) Cut to Equal Weight at Capital One Financial

Capital One Financial lowered shares of Pebblebrook Hotel Trust (NYSE:PEB) from an overweight rating to an equal weight rating in a research report sent to investors on Monday morning, BenzingaRatingsTable reports. Capital One Financial currently has $30.00 price objective on the real estate investment trust’s stock. Capital One Financial also issued estimates for Pebblebrook Hotel Trust’s Q4 2019 earnings at $0.51 EPS, Q1 2020 earnings at $0.40 EPS, Q2 2020 earnings at $0.84 EPS, Q3 2020 earnings at $0.74 EPS, Q4 2020 earnings at $0.45 EPS, FY2020 earnings at $2.42 EPS, Q1 2021 earnings at $0.38 EPS, Q2 2021 earnings at $0.83 EPS, Q3 2021 earnings at $0.73 EPS, Q4 2021 earnings at $0.44 EPS and FY2021 earnings at $2.38 EPS.

Other equities research analysts have also issued reports about the stock. Barclays lowered shares of Pebblebrook Hotel Trust from an overweight rating to an underweight rating and lowered their price target for the company from $32.00 to $26.00 in a report on Monday, November 11th. Zacks Investment Research lowered shares of Pebblebrook Hotel Trust from a hold rating to a sell rating in a report on Tuesday, January 7th. Stifel Nicolaus set a $31.00 price target on shares of Pebblebrook Hotel Trust and gave the company a buy rating in a report on Friday, October 25th. Raymond James lowered shares of Pebblebrook Hotel Trust from an outperform rating to a market perform rating and set a $30.00 price target for the company. in a report on Tuesday, January 7th. Finally, BMO Capital Markets reaffirmed a hold rating and set a $28.00 price target on shares of Pebblebrook Hotel Trust in a report on Monday, October 28th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. The company currently has an average rating of Hold and an average target price of $31.18.

PEB opened at $25.71 on Monday. The company has a fifty day simple moving average of $26.39 and a 200 day simple moving average of $26.85. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 10.49 and a beta of 1.31. Pebblebrook Hotel Trust has a twelve month low of $24.51 and a twelve month high of $34.35. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.61.

Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.24). The firm had revenue of $423.55 million for the quarter, compared to analyst estimates of $422.61 million. Pebblebrook Hotel Trust had a negative net margin of 0.21% and a positive return on equity of 0.16%. Pebblebrook Hotel Trust’s revenue for the quarter was up 106.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.37 earnings per share. On average, analysts forecast that Pebblebrook Hotel Trust will post 2.59 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 5.91%. The ex-dividend date was Monday, December 30th. Pebblebrook Hotel Trust’s dividend payout ratio is currently 62.04%.

A number of hedge funds have recently made changes to their positions in PEB. Bank of Montreal Can grew its holdings in Pebblebrook Hotel Trust by 778.7% during the 2nd quarter. Bank of Montreal Can now owns 37,275 shares of the real estate investment trust’s stock worth $1,051,000 after acquiring an additional 33,033 shares in the last quarter. LPL Financial LLC grew its holdings in Pebblebrook Hotel Trust by 27.8% during the 2nd quarter. LPL Financial LLC now owns 14,007 shares of the real estate investment trust’s stock worth $395,000 after acquiring an additional 3,045 shares in the last quarter. Natixis Advisors L.P. grew its holdings in Pebblebrook Hotel Trust by 24.2% during the 2nd quarter. Natixis Advisors L.P. now owns 24,701 shares of the real estate investment trust’s stock worth $696,000 after acquiring an additional 4,811 shares in the last quarter. Pictet Asset Management Ltd. grew its holdings in Pebblebrook Hotel Trust by 6.8% during the 2nd quarter. Pictet Asset Management Ltd. now owns 23,600 shares of the real estate investment trust’s stock worth $665,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Profund Advisors LLC grew its holdings in Pebblebrook Hotel Trust by 9.3% during the 2nd quarter. Profund Advisors LLC now owns 21,904 shares of the real estate investment trust’s stock worth $617,000 after acquiring an additional 1,869 shares in 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.

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