Wells Fargo & Company Forecasts Strong Price Appreciation for Pebblebrook Hotel Trust (NYSE:PEB) Stock

Pebblebrook Hotel Trust (NYSE:PEB) had its price objective upped by investment analysts at Wells Fargo & Company from $11.00 to $13.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 16.85% from the company’s current price.

Several other analysts have also recently commented on the company. Evercore ISI upped their target price on Pebblebrook Hotel Trust from $12.00 to $13.00 and gave the company an “in-line” rating in a report on Thursday, September 18th. Compass Point cut Pebblebrook Hotel Trust from a “neutral” rating to a “sell” rating and cut their price target for the stock from $12.00 to $11.50 in a report on Monday, November 10th. Weiss Ratings restated a “sell (d)” rating on shares of Pebblebrook Hotel Trust in a report on Tuesday, November 25th. Zacks Research cut Pebblebrook Hotel Trust from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Finally, Truist Financial lifted their price target on Pebblebrook Hotel Trust from $9.00 to $11.00 and gave the company a “hold” rating in a research note on Thursday, September 11th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $11.90.

Pebblebrook Hotel Trust Trading Down 1.2%

Shares of NYSE PEB opened at $11.13 on Monday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.31 and a current ratio of 1.31. Pebblebrook Hotel Trust has a 52-week low of $7.41 and a 52-week high of $15.12. The firm has a 50 day moving average price of $10.95 and a two-hundred day moving average price of $10.52. The stock has a market cap of $1.26 billion, a P/E ratio of -19.18 and a beta of 1.53.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings results on Wednesday, November 5th. The real estate investment trust reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. Pebblebrook Hotel Trust had a negative net margin of 2.20% and a negative return on equity of 1.17%. The company had revenue of $398.72 million for the quarter, compared to analyst estimates of $396.80 million. During the same quarter in the previous year, the business earned $0.59 earnings per share. Pebblebrook Hotel Trust’s revenue was down 1.4% compared to the same quarter last year. Pebblebrook Hotel Trust has set its FY 2025 guidance at 1.500-1.570 EPS and its Q4 2025 guidance at 0.180-0.260 EPS. As a group, equities analysts forecast that Pebblebrook Hotel Trust will post 1.5 EPS for the current year.

Institutional Trading of Pebblebrook Hotel Trust

Large investors have recently bought and sold shares of the company. Woodline Partners LP purchased a new stake in shares of Pebblebrook Hotel Trust in the 1st quarter worth approximately $30,155,000. Alyeska Investment Group L.P. grew its stake in shares of Pebblebrook Hotel Trust by 56.4% in the third quarter. Alyeska Investment Group L.P. now owns 6,268,902 shares of the real estate investment trust’s stock worth $71,403,000 after acquiring an additional 2,259,389 shares during the period. Millennium Management LLC grew its position in Pebblebrook Hotel Trust by 2,584.8% in the 3rd quarter. Millennium Management LLC now owns 2,161,137 shares of the real estate investment trust’s stock worth $24,615,000 after purchasing an additional 2,080,641 shares during the period. Schonfeld Strategic Advisors LLC raised its stake in Pebblebrook Hotel Trust by 684.1% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 1,576,228 shares of the real estate investment trust’s stock valued at $17,953,000 after buying an additional 1,375,207 shares during the last quarter. Finally, Nomura Holdings Inc. bought a new position in shares of Pebblebrook Hotel Trust during the 3rd quarter valued at $8,578,000.

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.