Pebblebrook Hotel Trust (NYSE:PEB) Receives Average Rating of “Reduce” from Analysts

Pebblebrook Hotel Trust (NYSE:PEB) has earned an average recommendation of “Reduce” from the thirteen research firms that are presently covering the firm, Marketbeat reports. Six analysts have rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $12.0833.

A number of equities analysts recently issued reports on PEB shares. Truist Financial raised their target price on Pebblebrook Hotel Trust from $11.00 to $12.00 and gave the stock a “hold” rating in a research note on Monday, January 12th. Citigroup raised their price objective on Pebblebrook Hotel Trust from $10.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Morgan Stanley set a $9.00 target price on Pebblebrook Hotel Trust in a research report on Wednesday, October 22nd. Weiss Ratings reissued a “sell (d)” rating on shares of Pebblebrook Hotel Trust in a research report on Monday, December 29th. Finally, Robert W. Baird set a $15.00 price objective on shares of Pebblebrook Hotel Trust and gave the company an “outperform” rating in a report on Monday, January 12th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Alyeska Investment Group L.P. grew its stake 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. Millennium Management LLC increased its holdings in Pebblebrook Hotel Trust by 2,584.8% in the third quarter. Millennium Management LLC now owns 2,161,137 shares of the real estate investment trust’s stock valued at $24,615,000 after buying an additional 2,080,641 shares in the last quarter. Woodline Partners LP increased its holdings in Pebblebrook Hotel Trust by 114.6% in 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 buying an additional 1,682,855 shares in the last quarter. Schonfeld Strategic Advisors LLC raised its position in shares of Pebblebrook Hotel Trust by 684.1% in the third quarter. Schonfeld Strategic Advisors LLC now owns 1,576,228 shares of the real estate investment trust’s stock worth $17,953,000 after acquiring an additional 1,375,207 shares during the period. Finally, Nomura Holdings Inc. purchased a new stake in shares of Pebblebrook Hotel Trust during the 3rd quarter worth about $8,578,000.

Pebblebrook Hotel Trust Stock Performance

Shares of Pebblebrook Hotel Trust stock opened at $11.87 on Friday. The company has a 50 day moving average price of $11.59 and a 200 day moving average price of $11.11. The firm has a market capitalization of $1.35 billion, a P/E ratio of -9.97 and a beta of 1.54. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.86. Pebblebrook Hotel Trust has a 52 week low of $7.41 and a 52 week high of $12.95.

Pebblebrook Hotel Trust (NYSE:PEB) last released its earnings results on Wednesday, November 5th. The real estate investment trust reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.01. The company had revenue of $398.72 million for the quarter, compared to the consensus estimate 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 in the previous year, the firm earned $0.59 EPS. Sell-side analysts expect that Pebblebrook Hotel Trust will post 1.5 EPS for the current year.

Pebblebrook Hotel Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a $0.01 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. Pebblebrook Hotel Trust’s dividend payout ratio is presently -3.36%.

About Pebblebrook Hotel Trust

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.