Pebblebrook Hotel Trust (NYSE:PEB) Rating Increased to Strong-Buy at Baird R W

Pebblebrook Hotel Trust (NYSE:PEB) was upgraded by equities researchers at Baird R W from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

A number of other analysts also recently commented on the company. Stifel Nicolaus set a $13.50 price objective on Pebblebrook Hotel Trust in a research note on Thursday, November 6th. Compass Point lowered Pebblebrook Hotel Trust from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $12.00 to $11.50 in a report on Monday, November 10th. Morgan Stanley set a $9.00 price target on shares of Pebblebrook Hotel Trust in a report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Pebblebrook Hotel Trust in a research note on Monday, December 29th. Finally, Barclays began coverage on shares of Pebblebrook Hotel Trust in a research note on Tuesday, January 6th. They set an “underweight” rating and a $10.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Pebblebrook Hotel Trust has an average rating of “Reduce” and an average price target of $12.00.

Pebblebrook Hotel Trust Stock Down 0.5%

PEB stock opened at $12.26 on Monday. The firm’s 50-day moving average is $11.27 and its two-hundred day moving average is $10.94. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of -10.30 and a beta of 1.53. Pebblebrook Hotel Trust has a 52 week low of $7.41 and a 52 week high of $14.21. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.86.

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

Institutional Investors Weigh In On Pebblebrook Hotel Trust

A number of large investors have recently made changes to their positions in the company. Harbor Capital Advisors Inc. boosted its stake in Pebblebrook Hotel Trust by 122.1% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 2,514 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 1,382 shares during the period. Hilltop National Bank purchased a new stake in shares of Pebblebrook Hotel Trust in the second quarter valued at $44,000. PNC Financial Services Group Inc. boosted its position in shares of Pebblebrook Hotel Trust by 115.2% in the second quarter. PNC Financial Services Group Inc. now owns 4,683 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 2,507 shares during the period. Pensionfund Sabic purchased a new position in shares of Pebblebrook Hotel Trust during the fourth quarter valued at $72,000. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of Pebblebrook Hotel Trust during the third quarter valued at $77,000.

Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust (NYSE:PEB) is a real estate investment trust specializing in premium, high-barrier-to-entry hotel properties in gateway markets across the United States. Established in 2009, PEB focuses on lifestyle-oriented lodging assets that cater to business and leisure travelers seeking elevated experiences. The company’s investment strategy emphasizes select-service and full-service hotels with established brands and prime urban or resort locations.

PEB’s portfolio comprises more than 30 properties in major metropolitan areas including New York City, Los Angeles, Chicago, Miami and San Francisco.