Analysts Set Pebblebrook Hotel Trust (NYSE:PEB) PT at $13.86

Shares of Pebblebrook Hotel Trust (NYSE:PEB) have earned a consensus recommendation of “Hold” from the six brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $13.86.

Several equities research analysts have recently issued reports on PEB shares. Truist Financial lowered their price objective on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating for the company in a research note on Tuesday, February 4th. Wells Fargo & Company dropped their price objective on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 18th. StockNews.com downgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, March 5th. Raymond James set a $14.00 price target on shares of Pebblebrook Hotel Trust and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Finally, Compass Point lowered shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $17.00 to $15.00 in a research report on Monday, March 10th.

Pebblebrook Hotel Trust Stock Up 2.3 %

Shares of NYSE:PEB opened at $10.51 on Tuesday. The company has a market cap of $1.26 billion, a price-to-earnings ratio of -36.23, a PEG ratio of 0.60 and a beta of 1.87. Pebblebrook Hotel Trust has a 12 month low of $9.97 and a 12 month high of $16.09. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. The company has a 50-day moving average price of $12.33 and a 200 day moving average price of $12.91.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.01 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.38%. Pebblebrook Hotel Trust’s dividend payout ratio is currently -9.30%.

Institutional Trading of Pebblebrook Hotel Trust

A number of large investors have recently modified their holdings of PEB. FMR LLC increased its holdings in Pebblebrook Hotel Trust by 10.8% during the 3rd quarter. FMR LLC now owns 9,069 shares of the real estate investment trust’s stock worth $120,000 after purchasing an additional 884 shares during the period. Atria Investments Inc grew its position in shares of Pebblebrook Hotel Trust by 2.2% during the 3rd quarter. Atria Investments Inc now owns 40,897 shares of the real estate investment trust’s stock worth $541,000 after buying an additional 889 shares in the last quarter. Sei Investments Co. increased its stake in shares of Pebblebrook Hotel Trust by 0.3% during the fourth quarter. Sei Investments Co. now owns 397,337 shares of the real estate investment trust’s stock valued at $5,384,000 after buying an additional 1,098 shares during the period. Quadrant Capital Group LLC raised its holdings in shares of Pebblebrook Hotel Trust by 100.2% in the fourth quarter. Quadrant Capital Group LLC now owns 2,644 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 1,323 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in Pebblebrook Hotel Trust by 0.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 191,009 shares of the real estate investment trust’s stock worth $2,527,000 after acquiring an additional 1,402 shares in the last quarter.

Pebblebrook Hotel Trust Company Profile

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.