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

Pebblebrook Hotel Trust (NYSE:PEB)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as $9.96 and last traded at $10.05, with a volume of 441343 shares traded. The stock had previously closed at $10.32.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. StockNews.com cut Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, March 5th. Raymond James set a $14.00 target price on shares of Pebblebrook Hotel Trust and gave the stock an “outperform” rating in a report on Thursday, February 27th. Wells Fargo & Company cut 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 report on Tuesday, February 18th. Wedbush lowered shares of Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price target on the stock. in a research report on Thursday, January 2nd. Finally, Truist Financial dropped their price objective on shares of Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.86.

Pebblebrook Hotel Trust Stock Performance

The stock’s 50 day simple moving average is $12.06 and its two-hundred day simple moving average is $12.85. The company has a market capitalization of $1.22 billion, a P/E ratio of -35.01, a P/E/G ratio of 0.60 and a beta of 1.87. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick 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. Stockholders of record on Monday, March 31st will be paid a $0.01 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.39%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is currently -9.30%.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Several large investors have recently made changes to their positions in the company. Nordea Investment Management AB lifted its position in Pebblebrook Hotel Trust by 90.2% during the 4th quarter. Nordea Investment Management AB now owns 746,763 shares of the real estate investment trust’s stock valued at $10,193,000 after purchasing an additional 354,116 shares during the period. Fisher Asset Management LLC lifted its holdings in Pebblebrook Hotel Trust by 5.9% in the fourth quarter. Fisher Asset Management LLC now owns 572,994 shares of the real estate investment trust’s stock valued at $7,764,000 after buying an additional 31,677 shares during the period. Entropy Technologies LP boosted its stake in Pebblebrook Hotel Trust by 93.3% in the fourth quarter. Entropy Technologies LP now owns 54,880 shares of the real estate investment trust’s stock valued at $744,000 after acquiring an additional 26,487 shares during the last quarter. Atom Investors LP acquired a new stake in Pebblebrook Hotel Trust during the 3rd quarter worth $1,363,000. Finally, PEAK6 Investments LLC bought a new stake in shares of Pebblebrook Hotel Trust during the 3rd quarter valued at $884,000.

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.