Pebblebrook Hotel Trust (NYSE:PEB) Shares Gap Down – Should You Sell?

Pebblebrook Hotel Trust (NYSE:PEB) gapped down prior to trading on Tuesday . The stock had previously closed at $11.57, but opened at $11.04. Pebblebrook Hotel Trust shares last traded at $11.3590, with a volume of 97,562 shares.

Analyst Ratings Changes

Several equities research analysts have commented on PEB shares. Truist Financial raised their price target on shares of Pebblebrook Hotel Trust from $9.00 to $11.00 and gave the company a “hold” rating in a research note on Thursday, September 11th. Robert W. Baird raised their target price on Pebblebrook Hotel Trust from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, September 18th. Morgan Stanley set a $9.00 price target on shares of Pebblebrook Hotel Trust in a report on Wednesday, October 22nd. Barclays began coverage on shares of Pebblebrook Hotel Trust in a research note on Tuesday. They issued an “underweight” rating and a $10.00 price objective on the stock. Finally, Zacks Research lowered shares of Pebblebrook Hotel Trust from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $11.73.

Pebblebrook Hotel Trust Stock Performance

The firm has a 50-day simple moving average of $11.14 and a two-hundred day simple moving average of $10.86. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of -9.62 and a beta of 1.53.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its earnings results on Wednesday, November 5th. The real estate investment trust reported $0.51 EPS for the quarter, topping the consensus estimate of $0.50 by $0.01. The company had revenue of $398.72 million during the quarter, compared to the consensus estimate of $396.80 million. Pebblebrook Hotel Trust had a negative net margin of 7.45% and a negative return on equity of 4.02%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 earnings per share. Pebblebrook Hotel Trust has set its FY 2025 guidance at 1.500-1.570 EPS and its Q4 2025 guidance at 0.180-0.260 EPS. As a group, sell-side analysts forecast that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, December 31st. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -3.36%.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

A number of hedge funds have recently modified their holdings of PEB. Alyeska Investment Group L.P. raised its position in Pebblebrook Hotel Trust by 56.4% in the 3rd quarter. Alyeska Investment Group L.P. now owns 6,268,902 shares of the real estate investment trust’s stock worth $71,403,000 after purchasing an additional 2,259,389 shares during the last quarter. Woodline Partners LP raised its position in shares of Pebblebrook Hotel Trust by 114.6% during 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 acquiring an additional 1,682,855 shares during the last quarter. Millennium Management LLC raised its position in shares of Pebblebrook Hotel Trust by 2,584.8% during the third quarter. Millennium Management LLC now owns 2,161,137 shares of the real estate investment trust’s stock worth $24,615,000 after acquiring an additional 2,080,641 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Pebblebrook Hotel Trust by 60.6% during the third quarter. Bank of Montreal Can now owns 1,831,976 shares of the real estate investment trust’s stock valued at $20,866,000 after acquiring an additional 691,363 shares during the period. Finally, Schonfeld Strategic Advisors LLC boosted its holdings in Pebblebrook Hotel Trust by 684.1% in the third quarter. Schonfeld Strategic Advisors LLC now owns 1,576,228 shares of the real estate investment trust’s stock valued at $17,953,000 after acquiring an additional 1,375,207 shares during the last quarter.

Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust (NYSE:PEB) is a real estate investment trust specializing in premium, high-barrier-to-entry hotel properties in gateway markets across the United States. Established in 2009, PEB focuses on lifestyle-oriented lodging assets that cater to business and leisure travelers seeking elevated experiences. The company’s investment strategy emphasizes select-service and full-service hotels with established brands and prime urban or resort locations.

PEB’s portfolio comprises more than 30 properties in major metropolitan areas including New York City, Los Angeles, Chicago, Miami and San Francisco.