Morgan Stanley Issues Positive Forecast for Pebblebrook Hotel Trust (NYSE:PEB) Stock Price

Pebblebrook Hotel Trust (NYSE:PEB) had its target price boosted by Morgan Stanley from $12.00 to $13.00 in a research report report published on Friday morning,Benzinga reports. Morgan Stanley currently has an underweight rating on the real estate investment trust’s stock.

Several other research firms have also recently issued reports on PEB. Evercore set a $15.00 price objective on shares of Pebblebrook Hotel Trust in a research report on Monday, April 27th. Wells Fargo & Company lifted their target price on Pebblebrook Hotel Trust from $12.00 to $16.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Truist Financial increased their target price on Pebblebrook Hotel Trust from $17.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Raymond James Financial reaffirmed an “outperform” rating and issued a $18.00 target price on shares of Pebblebrook Hotel Trust in a report on Monday, June 8th. Finally, Zacks Research upgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 15th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $16.13.

Pebblebrook Hotel Trust Stock Performance

NYSE PEB opened at $19.02 on Friday. The stock’s 50 day simple moving average is $17.14 and its 200-day simple moving average is $14.22. Pebblebrook Hotel Trust has a 1-year low of $9.30 and a 1-year high of $19.75. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market cap of $2.16 billion, a PE ratio of -23.78, a price-to-earnings-growth ratio of 1.62 and a beta of 1.39.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported ($0.26) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.05. The business had revenue of $345.66 million during the quarter, compared to analyst estimates of $331.23 million. Pebblebrook Hotel Trust had a negative return on equity of 2.41% and a negative net margin of 4.18%.The business’s revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.16 earnings per share. Pebblebrook Hotel Trust has set its Q2 2026 guidance at 0.580-0.620 EPS. As a group, equities research analysts anticipate that Pebblebrook Hotel Trust will post 1.6 EPS for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Tuesday, June 30th. Pebblebrook Hotel Trust’s dividend payout ratio is -5.00%.

Institutional Trading of Pebblebrook Hotel Trust

Institutional investors have recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Pebblebrook Hotel Trust during the 1st quarter valued at $34,000. Quadrant Capital Group LLC lifted its stake in shares of Pebblebrook Hotel Trust by 32.8% during the fourth quarter. Quadrant Capital Group LLC now owns 3,220 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 796 shares during the period. Cullen Frost Bankers Inc. bought a new stake in Pebblebrook Hotel Trust in the fourth quarter valued at about $38,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Pebblebrook Hotel Trust by 33.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,465 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 865 shares during the period. Finally, Hantz Financial Services Inc. grew its position in shares of Pebblebrook Hotel Trust by 188.0% in the 4th quarter. Hantz Financial Services Inc. now owns 5,049 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 3,296 shares during the period.

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.