Pebblebrook Hotel Trust (NYSE:PEB) Downgraded by Zacks Research to Hold

Zacks Research cut shares of Pebblebrook Hotel Trust (NYSE:PEB) from a strong-buy rating to a hold rating in a report issued on Tuesday,Zacks.com reports.

Several other equities research analysts have also weighed in on PEB. Morgan Stanley lifted their price target on Pebblebrook Hotel Trust from $12.00 to $13.00 and gave the company an “underweight” rating in a research report on Friday, July 17th. Evercore set a $15.00 price objective on Pebblebrook Hotel Trust in a report on Monday, April 27th. Weiss Ratings raised Pebblebrook Hotel Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 7th. Wells Fargo & Company boosted their target price on shares of Pebblebrook Hotel Trust from $16.00 to $19.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. Finally, Stifel Nicolaus upped their target price on shares of Pebblebrook Hotel Trust from $20.25 to $21.25 and gave the stock a “buy” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Pebblebrook Hotel Trust has a consensus rating of “Hold” and an average price target of $17.44.

Pebblebrook Hotel Trust Price Performance

PEB stock opened at $18.38 on Tuesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.34 and a quick ratio of 1.34. Pebblebrook Hotel Trust has a 1 year low of $9.99 and a 1 year high of $19.93. The firm has a 50-day moving average of $18.70 and a 200 day moving average of $15.59. The company has a market cap of $2.07 billion, a P/E ratio of -26.64, a PEG ratio of 1.26 and a beta of 1.40.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.56. Pebblebrook Hotel Trust had a negative return on equity of 1.83% and a negative net margin of 3.11%.The business had revenue of $407.14 million for the quarter, compared to analysts’ expectations of $400.05 million. During the same period in the previous year, the firm posted $0.65 EPS. The business’s revenue was down .1% on a year-over-year basis. Pebblebrook Hotel Trust has set its Q3 2026 guidance at 0.480-0.520 EPS and its FY 2026 guidance at 1.690-1.760 EPS. On average, sell-side analysts forecast that Pebblebrook Hotel Trust will post 1.7 EPS for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th 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, June 30th. Pebblebrook Hotel Trust’s payout ratio is currently -5.80%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. bought a new stake in Pebblebrook Hotel Trust in the first quarter worth $34,000. Quadrant Capital Group LLC raised its position in shares of Pebblebrook Hotel Trust by 32.8% in the 4th quarter. Quadrant Capital Group LLC now owns 3,220 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 796 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of Pebblebrook Hotel Trust in the 4th quarter worth about $38,000. Nykredit A S bought a new position in Pebblebrook Hotel Trust in the 2nd quarter worth about $51,000. Finally, Hantz Financial Services Inc. grew its position in Pebblebrook Hotel Trust by 188.0% during the 4th quarter. Hantz Financial Services Inc. now owns 5,049 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 3,296 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.