Pebblebrook Hotel Trust (NYSE:PEB) Receives Average Recommendation of “Reduce” from Brokerages

Shares of Pebblebrook Hotel Trust (NYSE:PEB) have earned a consensus rating of “Reduce” from the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $11.90.

Several analysts recently commented on the company. Weiss Ratings restated a “sell (d)” rating on shares of Pebblebrook Hotel Trust in a research report on Monday. Compass Point lowered Pebblebrook Hotel Trust from a “neutral” rating to a “sell” rating and lowered their price target for the company from $12.00 to $11.50 in a report on Monday, November 10th. Cantor Fitzgerald initiated coverage on shares of Pebblebrook Hotel Trust in a research note on Wednesday, October 1st. They set a “neutral” rating and a $12.00 price objective on the stock. Stifel Nicolaus set a $13.50 target price on shares of Pebblebrook Hotel Trust in a research report on Thursday, November 6th. Finally, Morgan Stanley set a $9.00 target price on shares of Pebblebrook Hotel Trust in a research note on Wednesday, October 22nd.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Amalgamated Bank increased its position in shares of Pebblebrook Hotel Trust by 3.5% during the 3rd quarter. Amalgamated Bank now owns 35,064 shares of the real estate investment trust’s stock valued at $399,000 after purchasing an additional 1,170 shares during the period. Harbor Capital Advisors Inc. boosted its stake in Pebblebrook Hotel Trust by 122.1% during the second quarter. Harbor Capital Advisors Inc. now owns 2,514 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 1,382 shares in the last quarter. Police & Firemen s Retirement System of New Jersey grew its holdings in Pebblebrook Hotel Trust by 5.8% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 27,187 shares of the real estate investment trust’s stock worth $272,000 after acquiring an additional 1,500 shares during the period. Aberdeen Group plc grew its holdings in Pebblebrook Hotel Trust by 4.3% during the first quarter. Aberdeen Group plc now owns 37,230 shares of the real estate investment trust’s stock worth $377,000 after acquiring an additional 1,534 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its position in Pebblebrook Hotel Trust by 1.0% in the second quarter. Nomura Asset Management Co. Ltd. now owns 168,200 shares of the real estate investment trust’s stock worth $1,680,000 after acquiring an additional 1,600 shares in the last quarter.

Pebblebrook Hotel Trust Trading Up 0.8%

Pebblebrook Hotel Trust stock opened at $11.47 on Thursday. Pebblebrook Hotel Trust has a 52-week low of $7.41 and a 52-week high of $14.55. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of -9.63 and a beta of 1.53. The firm has a 50-day moving average price of $10.95 and a two-hundred day moving average price of $10.66.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its quarterly earnings results on Wednesday, November 5th. The real estate investment trust reported $0.51 EPS for the quarter, beating the consensus estimate of $0.50 by $0.01. The company had revenue of $398.72 million for the quarter, compared to analyst estimates of $396.80 million. Pebblebrook Hotel Trust had a negative net margin of 7.45% and a negative return on equity of 4.02%. Pebblebrook Hotel Trust’s revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.59 earnings per share. 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. Sell-side analysts expect that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current year.

Pebblebrook Hotel Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Wednesday, December 31st. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is currently -3.36%.

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.