Pebblebrook Hotel Trust (NYSE:PEB) Sets New 12-Month High – Here’s Why

Pebblebrook Hotel Trust (NYSE:PEB)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $17.10 and last traded at $17.0530, with a volume of 344006 shares. The stock had previously closed at $16.84.

Wall Street Analyst Weigh In

Several equities analysts recently commented on PEB shares. Cantor Fitzgerald boosted their price target on Pebblebrook Hotel Trust from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Zacks Research lowered Pebblebrook Hotel Trust from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. BMO Capital Markets reissued a “market perform” rating and set a $15.00 price target on shares of Pebblebrook Hotel Trust in a research report on Monday, May 4th. Barclays boosted their price target on Pebblebrook Hotel Trust from $9.00 to $13.00 and gave the stock an “underweight” rating in a research report on Monday. Finally, Weiss Ratings raised Pebblebrook Hotel Trust from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $14.56.

Pebblebrook Hotel Trust Stock Performance

The stock has a 50-day simple moving average of $14.13 and a 200-day simple moving average of $12.66. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of -21.40, a price-to-earnings-growth ratio of 1.49 and a beta of 1.45. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.82.

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 (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.05. Pebblebrook Hotel Trust had a negative return on equity of 2.41% and a negative net margin of 4.18%.The company had revenue of $345.66 million for the quarter, compared to analyst estimates of $331.23 million. During the same period in the prior year, the company posted $0.16 EPS. Pebblebrook Hotel Trust’s quarterly revenue was up 7.9% on a year-over-year basis. Pebblebrook Hotel Trust has set its Q2 2026 guidance at 0.580-0.620 EPS. On average, analysts anticipate that Pebblebrook Hotel Trust will post 1.54 earnings per share for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Tuesday, March 31st. Pebblebrook Hotel Trust’s dividend payout ratio is presently -5.00%.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

A number of institutional investors have recently made changes to their positions in PEB. Alyeska Investment Group L.P. raised its position in shares of 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 valued at $71,403,000 after purchasing an additional 2,259,389 shares in the last quarter. Millennium Management LLC raised its position in shares of Pebblebrook Hotel Trust by 2,584.8% in the 3rd quarter. Millennium Management LLC now owns 2,161,137 shares of the real estate investment trust’s stock valued at $24,615,000 after purchasing an additional 2,080,641 shares in the last quarter. Woodline Partners LP raised its position in shares of Pebblebrook Hotel Trust by 114.6% in the 3rd quarter. Woodline Partners LP now owns 3,150,890 shares of the real estate investment trust’s stock valued at $35,889,000 after purchasing an additional 1,682,855 shares in the last quarter. Schonfeld Strategic Advisors LLC raised its position in shares of Pebblebrook Hotel Trust by 684.1% in the 3rd 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 purchasing an additional 1,375,207 shares in the last quarter. Finally, MetLife Investment Management LLC increased its holdings in shares of Pebblebrook Hotel Trust by 1,736.3% in the 4th quarter. MetLife Investment Management LLC now owns 1,322,264 shares of the real estate investment trust’s stock valued at $14,968,000 after acquiring an additional 1,250,256 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.