Pebblebrook Hotel Trust (NYSE:PEB) Given New $15.00 Price Target at Citigroup

Pebblebrook Hotel Trust (NYSE:PEB) had its price objective increased by Citigroup from $13.00 to $15.00 in a research report report published on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the real estate investment trust’s stock.

Other equities analysts have also recently issued reports about the stock. LADENBURG THALM/SH SH started coverage on shares of Pebblebrook Hotel Trust in a report on Thursday, March 26th. They set a “neutral” rating and a $14.00 price target on the stock. Zacks Research raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Evercore set a $15.00 price objective on shares of Pebblebrook Hotel Trust in a research note on Monday, April 27th. Truist Financial lifted their price objective on shares of Pebblebrook Hotel Trust from $12.00 to $14.00 and gave the company a “hold” rating in a research note on Tuesday, March 31st. Finally, Weiss Ratings raised shares of Pebblebrook Hotel Trust from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, six have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, Pebblebrook Hotel Trust presently has a consensus rating of “Hold” and a consensus target price of $12.90.

Pebblebrook Hotel Trust Stock Up 0.2%

Shares of Pebblebrook Hotel Trust stock traded up $0.03 during trading hours on Friday, hitting $14.08. 2,344,142 shares of the company’s stock traded hands, compared to its average volume of 2,772,538. The stock has a 50 day simple moving average of $12.99 and a 200-day simple moving average of $11.98. The company has a quick ratio of 1.09, a current ratio of 1.04 and a debt-to-equity ratio of 0.82. The company has a market cap of $1.60 billion, a PE ratio of -17.60 and a beta of 1.44. Pebblebrook Hotel Trust has a twelve month low of $8.69 and a twelve month high of $14.72.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported ($0.26) earnings per share for the quarter, beating the consensus estimate of ($0.31) by $0.05. The company had revenue of $345.66 million during the quarter, compared to the consensus estimate of $331.23 million. Pebblebrook Hotel Trust had a negative return on equity of 2.41% and a negative net margin of 4.18%.The company’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the firm earned $0.16 earnings per share. Pebblebrook Hotel Trust has set its Q2 2026 guidance at 0.580-0.620 EPS. Equities research analysts anticipate that Pebblebrook Hotel Trust will post 1.54 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a $0.01 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $0.04 annualized dividend and a yield of 0.3%. Pebblebrook Hotel Trust’s payout ratio is -5.00%.

Institutional Trading of Pebblebrook Hotel Trust

Large investors have recently added to or reduced their stakes in the stock. Alyeska Investment Group L.P. increased its stake 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 worth $71,403,000 after purchasing an additional 2,259,389 shares during the period. Millennium Management LLC increased its stake in 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 purchasing an additional 2,080,641 shares during the period. Woodline Partners LP increased its stake in 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 purchasing an additional 1,682,855 shares during the period. Schonfeld Strategic Advisors LLC increased its stake in Pebblebrook Hotel Trust by 684.1% during the third quarter. Schonfeld Strategic Advisors LLC now owns 1,576,228 shares of the real estate investment trust’s stock worth $17,953,000 after purchasing an additional 1,375,207 shares during the period. Finally, MetLife Investment Management LLC increased its stake in Pebblebrook Hotel Trust by 1,736.3% during the fourth quarter. MetLife Investment Management LLC now owns 1,322,264 shares of the real estate investment trust’s stock worth $14,968,000 after purchasing an additional 1,250,256 shares during the period.

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.