Pebblebrook Hotel Trust (NYSE:PEB) Cut to Hold at Zacks Research

Zacks Research lowered shares of Pebblebrook Hotel Trust (NYSE:PEB) from a strong-buy rating to a hold rating in a report issued on Monday,Zacks.com reports.

A number of other research analysts also recently commented on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Pebblebrook Hotel Trust in a report on Wednesday, November 19th. Wells Fargo & Company upgraded shares of Pebblebrook Hotel Trust to a “hold” rating in a research note on Friday, October 3rd. Robert W. Baird increased their price target on Pebblebrook Hotel Trust from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, September 18th. Truist Financial increased their price objective on shares of Pebblebrook Hotel Trust from $9.00 to $11.00 and gave the company a “hold” rating in a report on Thursday, September 11th. Finally, Evercore ISI lifted their target price on Pebblebrook Hotel Trust from $12.00 to $13.00 and gave the stock an “in-line” rating in a report on Thursday, September 18th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $11.70.

Pebblebrook Hotel Trust Stock Performance

NYSE:PEB opened at $11.37 on Monday. The stock has a market cap of $1.29 billion, a P/E ratio of -19.59 and a beta of 1.85. Pebblebrook Hotel Trust has a 1-year low of $7.41 and a 1-year high of $15.12. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a 50-day moving average of $11.00 and a two-hundred day moving average of $10.49.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01. Pebblebrook Hotel Trust had a negative return on equity of 1.17% and a negative net margin of 2.20%.The company had revenue of $398.72 million for the quarter, compared to the consensus estimate of $396.80 million. During the same period in the previous year, the business earned $0.59 EPS. Pebblebrook Hotel Trust’s revenue for the quarter 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. Q4 2025 guidance at 0.180-0.260 EPS. On average, research analysts expect that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Tuesday, September 30th. Pebblebrook Hotel Trust’s dividend payout ratio is presently -3.36%.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Several institutional investors have recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. lifted its stake in shares of Pebblebrook Hotel Trust by 1.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 6,807,602 shares of the real estate investment trust’s stock worth $68,962,000 after buying an additional 94,446 shares during the last quarter. Alyeska Investment Group L.P. increased its holdings in shares of Pebblebrook Hotel Trust by 56.4% during the 3rd 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 purchasing an additional 2,259,389 shares during the period. Earnest Partners LLC raised its holdings in Pebblebrook Hotel Trust by 2.4% in the 1st quarter. Earnest Partners LLC now owns 5,056,675 shares of the real estate investment trust’s stock valued at $51,224,000 after acquiring an additional 120,369 shares in the last quarter. Woodline Partners LP increased its position in shares of Pebblebrook Hotel Trust by 114.6% during the third quarter. Woodline Partners LP now owns 3,150,890 shares of the real estate investment trust’s stock valued at $35,889,000 after purchasing an additional 1,682,855 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Pebblebrook Hotel Trust by 2.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,556,288 shares of the real estate investment trust’s stock valued at $25,895,000 after acquiring an additional 51,537 shares in the last quarter.

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.