Pebblebrook Hotel Trust (NYSE:PEB) Receives $11.73 Consensus PT from Brokerages

Pebblebrook Hotel Trust (NYSE:PEB) has received an average rating of “Reduce” from the fourteen analysts that are presently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $12.0833.

A number of research firms have weighed in on PEB. Morgan Stanley set a $9.00 price objective on shares of Pebblebrook Hotel Trust in a research note on Wednesday, October 22nd. Evercore ISI raised their price target on shares of Pebblebrook Hotel Trust from $12.00 to $13.00 and gave the company an “in-line” rating in a research report on Thursday, September 18th. Cantor Fitzgerald started coverage on shares of Pebblebrook Hotel Trust in a report on Wednesday, October 1st. They issued a “neutral” rating and a $12.00 price objective for the company. Baird R W upgraded Pebblebrook Hotel Trust from a “hold” rating to a “strong-buy” rating in a research note on Monday. Finally, Stifel Nicolaus set a $13.50 target price on Pebblebrook Hotel Trust in a report on Thursday, November 6th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. lifted its holdings in shares of Pebblebrook Hotel Trust by 122.1% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 2,514 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 1,382 shares during the period. Hilltop National Bank purchased a new stake in Pebblebrook Hotel Trust during the second quarter valued at $44,000. PNC Financial Services Group Inc. lifted its holdings in Pebblebrook Hotel Trust by 115.2% in the second quarter. PNC Financial Services Group Inc. now owns 4,683 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 2,507 shares during the period. Pensionfund Sabic purchased a new position in Pebblebrook Hotel Trust in the fourth quarter worth about $72,000. Finally, AdvisorShares Investments LLC grew its stake in shares of Pebblebrook Hotel Trust by 52.4% during the 2nd quarter. AdvisorShares Investments LLC now owns 7,621 shares of the real estate investment trust’s stock valued at $76,000 after purchasing an additional 2,621 shares during the period.

Pebblebrook Hotel Trust Stock Down 2.6%

Shares of NYSE:PEB opened at $12.03 on Monday. 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 stock has a fifty day simple moving average of $11.34 and a two-hundred day simple moving average of $10.97. Pebblebrook Hotel Trust has a 12-month low of $7.41 and a 12-month high of $14.21. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of -10.10 and a beta of 1.53.

Pebblebrook Hotel Trust (NYSE:PEB) last released its earnings results on Wednesday, November 5th. The real estate investment trust reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The firm had revenue of $398.72 million for the quarter, compared to analysts’ expectations of $396.80 million. Pebblebrook Hotel Trust had a negative return on equity of 4.02% and a negative net margin of 7.45%.The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the prior 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. On average, research analysts anticipate 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 announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. Pebblebrook Hotel Trust’s payout ratio is -3.36%.

About Pebblebrook Hotel Trust

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.