Brokerages Set Pebblebrook Hotel Trust (NYSE:PEB) PT at $12.08

Shares of Pebblebrook Hotel Trust (NYSE:PEB) have been given a consensus recommendation of “Reduce” by the thirteen research firms that are currently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a sell recommendation, five have given a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $12.0833.

PEB has been the subject of a number of recent analyst reports. Stifel Nicolaus set a $13.50 price target on Pebblebrook Hotel Trust in a report on Thursday, November 6th. Compass Point lowered Pebblebrook Hotel Trust from a “neutral” rating to a “sell” rating and lowered their target price for the company from $12.00 to $11.50 in a research note on Monday, November 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Pebblebrook Hotel Trust in a report on Monday, December 29th. Wells Fargo & Company increased their price objective on shares of Pebblebrook Hotel Trust from $11.00 to $13.00 and gave the stock an “equal weight” rating in a report on Monday, December 1st. Finally, Truist Financial raised their price objective on shares of Pebblebrook Hotel Trust from $11.00 to $12.00 and gave the company a “hold” rating in a research report on Monday, January 12th.

Pebblebrook Hotel Trust Stock Performance

NYSE PEB opened at $12.39 on Friday. Pebblebrook Hotel Trust has a 1-year low of $7.41 and a 1-year high of $12.95. The company has a 50 day moving average of $11.61 and a 200-day moving average of $11.13. 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 firm has a market cap of $1.41 billion, a price-to-earnings ratio of -10.41 and a beta of 1.54.

Pebblebrook Hotel Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is currently -3.36%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PEB. Cullen Frost Bankers Inc. acquired a new stake in shares of Pebblebrook Hotel Trust in the 4th quarter valued at $38,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Pebblebrook Hotel Trust by 33.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,465 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 865 shares during the last quarter. PNC Financial Services Group Inc. increased its position 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 worth $47,000 after purchasing an additional 2,507 shares during the period. Pensionfund Sabic acquired a new stake in Pebblebrook Hotel Trust in the fourth quarter worth about $72,000. Finally, AdvisorShares Investments LLC raised its holdings in 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 worth $76,000 after purchasing an additional 2,621 shares during the last quarter.

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.