Pebblebrook Hotel Trust (NYSE:PEB) Hits New 1-Year High – Still a Buy?

Shares of Pebblebrook Hotel Trust (NYSE:PEB) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $14.97 and last traded at $14.96, with a volume of 17116 shares changing hands. The stock had previously closed at $14.78.

Analyst Ratings Changes

PEB has been the topic of several recent analyst reports. Zacks Research lowered shares of Pebblebrook Hotel Trust from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Morgan Stanley boosted their target price on shares of Pebblebrook Hotel Trust from $10.00 to $12.00 and gave the company an “underweight” rating in a report on Tuesday, May 12th. Cantor Fitzgerald upped their price objective on shares of Pebblebrook Hotel Trust from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Stifel Nicolaus upped their price objective on shares of Pebblebrook Hotel Trust from $14.50 to $16.25 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Weiss Ratings upgraded shares of Pebblebrook Hotel Trust from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $13.65.

Pebblebrook Hotel Trust Stock Up 1.9%

The firm’s fifty day moving average price is $13.55 and its two-hundred day moving average price is $12.40. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of -18.82, a price-to-earnings-growth ratio of 1.37 and a beta of 1.44. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.04 and a quick ratio of 1.04.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported ($0.26) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.05. Pebblebrook Hotel Trust had a negative net margin of 4.18% and a negative return on equity of 2.41%. The company had revenue of $345.66 million for the quarter, compared to analyst estimates of $331.23 million. During the same quarter in the prior year, the business posted $0.16 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. Pebblebrook Hotel Trust has set its Q2 2026 guidance at 0.580-0.620 EPS. Sell-side analysts forecast that Pebblebrook Hotel Trust will post 1.54 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

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

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Institutional investors and hedge funds have recently made changes to their positions in the business. Allianz Asset Management GmbH raised its holdings in shares of Pebblebrook Hotel Trust by 108.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 707,913 shares of the real estate investment trust’s stock worth $8,063,000 after acquiring an additional 368,681 shares during the last quarter. APG Asset Management US Inc. acquired a new stake in shares of Pebblebrook Hotel Trust in the 3rd quarter worth about $5,545,000. M&T Bank Corp acquired a new stake in shares of Pebblebrook Hotel Trust in the 4th quarter worth about $4,411,000. SG Americas Securities LLC raised its holdings in shares of Pebblebrook Hotel Trust by 40.4% in the 4th quarter. SG Americas Securities LLC now owns 153,226 shares of the real estate investment trust’s stock worth $1,735,000 after acquiring an additional 44,079 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its holdings in shares of Pebblebrook Hotel Trust by 14.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 462,479 shares of the real estate investment trust’s stock worth $5,268,000 after acquiring an additional 57,832 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.