Pebblebrook Hotel Trust (NYSE:PEB) Hits New 1-Year Low – Here’s What Happened

Pebblebrook Hotel Trust (NYSE:PEB) reached a new 52-week low during trading on Monday . The stock traded as low as $7.69 and last traded at $7.82, with a volume of 137007 shares trading hands. The stock had previously closed at $8.43.

Analysts Set New Price Targets

A number of research firms have recently issued reports on PEB. Truist Financial dropped their target price 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. StockNews.com lowered Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Wednesday, March 5th. Wedbush cut shares of Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price objective for the company. in a research report on Thursday, January 2nd. Compass Point downgraded shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and cut their price target for the stock from $17.00 to $15.00 in a report on Monday, March 10th. Finally, Wells Fargo & Company decreased their price objective on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Pebblebrook Hotel Trust currently has a consensus rating of “Hold” and an average target price of $13.86.

Pebblebrook Hotel Trust Stock Down 3.6 %

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 market capitalization of $973.61 million, a PE ratio of -28.13, a PEG ratio of 0.60 and a beta of 1.69. The business has a fifty day moving average of $11.65 and a 200 day moving average of $12.74.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.01 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.49%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -9.30%.

Institutional Trading of Pebblebrook Hotel Trust

A number of large investors have recently made changes to their positions in the company. GF Fund Management CO. LTD. purchased a new position in Pebblebrook Hotel Trust in the fourth quarter valued at $30,000. Quadrant Capital Group LLC lifted its position in shares of Pebblebrook Hotel Trust by 100.2% during the 4th quarter. Quadrant Capital Group LLC now owns 2,644 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 1,323 shares during the last quarter. Sterling Capital Management LLC raised its stake in Pebblebrook Hotel Trust by 815.6% during the 4th quarter. Sterling Capital Management LLC now owns 3,763 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 3,352 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Pebblebrook Hotel Trust during the fourth quarter worth about $99,000. Finally, FMR LLC lifted its stake in Pebblebrook Hotel Trust by 10.8% in the third quarter. FMR LLC now owns 9,069 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 884 shares during 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.