Pebblebrook Hotel Trust (NYSE:PEB) Receives Consensus Rating of “Hold” from Brokerages

Shares of Pebblebrook Hotel Trust (NYSE:PEB) have been given a consensus rating of “Hold” by the six analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $13.86.

PEB has been the subject of several analyst reports. Raymond James set a $14.00 price target on shares of Pebblebrook Hotel Trust and gave the company an “outperform” rating in a research report on Thursday, February 27th. Wells Fargo & Company reduced their price target on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 18th. Truist Financial reduced their price target on shares of Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. Wedbush downgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price target for the company. in a research report on Thursday, January 2nd. Finally, Compass Point cut shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $17.00 to $15.00 in a report on Monday, March 10th.

Pebblebrook Hotel Trust Price Performance

Shares of PEB opened at $10.30 on Tuesday. Pebblebrook Hotel Trust has a fifty-two week low of $9.97 and a fifty-two week high of $16.09. The firm’s 50-day simple moving average is $12.38 and its two-hundred day simple moving average is $12.93. The stock has a market cap of $1.23 billion, a PE ratio of -35.50, a price-to-earnings-growth ratio of 0.60 and a beta of 1.87. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 0.81.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.01 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.39%. Pebblebrook Hotel Trust’s dividend payout ratio is currently -9.30%.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Hedge funds have recently made changes to their positions in the company. Atria Investments Inc raised its position in Pebblebrook Hotel Trust by 2.2% during the third quarter. Atria Investments Inc now owns 40,897 shares of the real estate investment trust’s stock valued at $541,000 after purchasing an additional 889 shares during the period. Victory Capital Management Inc. grew its stake in shares of Pebblebrook Hotel Trust by 24.5% during the third quarter. Victory Capital Management Inc. now owns 100,169 shares of the real estate investment trust’s stock valued at $1,325,000 after buying an additional 19,725 shares during the last quarter. Metis Global Partners LLC bought a new position in shares of Pebblebrook Hotel Trust during the third quarter valued at approximately $164,000. Quest Partners LLC bought a new position in shares of Pebblebrook Hotel Trust during the third quarter valued at approximately $691,000. Finally, Intech Investment Management LLC bought a new position in shares of Pebblebrook Hotel Trust during the third quarter valued at approximately $403,000.

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels and resorts in the United States. The Company owns 47 hotels and resorts, totaling approximately 12,200 guest rooms across 13 urban and resort markets.