Brokerages Set Pebblebrook Hotel Trust (NYSE:PEB) Price Target at $14.17

Shares of Pebblebrook Hotel Trust (NYSE:PEB) have been assigned an average recommendation of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $14.14.

Several research firms have weighed in on PEB. Compass Point upgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 target price for the company in a report on Thursday, November 21st. Wells Fargo & Company dropped their target price 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. Truist Financial reduced their target price on shares of Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating on the stock in a 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 report on Thursday, January 2nd. Finally, Robert W. Baird cut their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Institutional investors and hedge funds have recently modified their holdings of the company. GF Fund Management CO. LTD. purchased a new position in shares of Pebblebrook Hotel Trust during the fourth quarter valued at approximately $30,000. Quadrant Capital Group LLC increased its position in Pebblebrook Hotel Trust by 100.2% during the fourth quarter. Quadrant Capital Group LLC now owns 2,644 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 1,323 shares during the last quarter. Sterling Capital Management LLC increased its position in Pebblebrook Hotel Trust by 815.6% during the fourth quarter. Sterling Capital Management LLC now owns 3,763 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 3,352 shares during the last quarter. Covestor Ltd increased its position in Pebblebrook Hotel Trust by 80.1% during the third quarter. Covestor Ltd now owns 4,471 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 1,989 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Pebblebrook Hotel Trust by 35.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,677 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 1,212 shares during the last quarter.

Pebblebrook Hotel Trust Stock Performance

NYSE:PEB opened at $12.22 on Friday. 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 firm has a 50-day moving average price of $13.08 and a two-hundred day moving average price of $13.11. Pebblebrook Hotel Trust has a twelve month low of $11.47 and a twelve month high of $16.61. The company has a market capitalization of $1.46 billion, a P/E ratio of -42.14, a price-to-earnings-growth ratio of 0.60 and a beta of 1.85.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.33%. The ex-dividend date was Tuesday, December 31st. Pebblebrook Hotel Trust’s payout ratio is -13.79%.

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.