Pebblebrook Hotel Trust (NYSE:PEB) Reaches New 12-Month High – Here’s Why

Pebblebrook Hotel Trust (NYSE:PEB) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $17.10 and last traded at $17.0530, with a volume of 344006 shares trading hands. The stock had previously closed at $16.84.

Analysts Set New Price Targets

Several research firms have recently weighed in on PEB. Stifel Nicolaus increased their price target on shares of Pebblebrook Hotel Trust from $14.50 to $16.25 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Weiss Ratings raised shares of Pebblebrook Hotel Trust from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. Wall Street Zen upgraded shares of Pebblebrook Hotel Trust from a “strong sell” rating to a “hold” rating in a report on Saturday, February 28th. Barclays boosted their target price on Pebblebrook Hotel Trust from $9.00 to $13.00 and gave the company an “underweight” rating in a research report on Monday, June 1st. Finally, Citigroup boosted their target price on Pebblebrook Hotel Trust from $13.00 to $15.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $14.56.

Pebblebrook Hotel Trust Trading Up 0.3%

The company has a market cap of $1.92 billion, a PE ratio of -21.12, a price-to-earnings-growth ratio of 1.56 and a beta of 1.45. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.82. The business has a 50-day simple moving average of $14.21 and a 200-day simple moving average of $12.69.

Pebblebrook Hotel Trust (NYSE:PEB) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported ($0.26) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.05. The company had revenue of $345.66 million for the quarter, compared to analyst estimates of $331.23 million. Pebblebrook Hotel Trust had a negative net margin of 4.18% and a negative return on equity of 2.41%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.16 EPS. Pebblebrook Hotel Trust has set its Q2 2026 guidance at 0.580-0.620 EPS. On average, analysts predict that Pebblebrook Hotel Trust will post 1.54 EPS for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a dividend of $0.01 per share. The ex-dividend date was Tuesday, March 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.2%. Pebblebrook Hotel Trust’s dividend payout ratio is -5.00%.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Hedge funds have recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. acquired a new stake in Pebblebrook Hotel Trust during the 1st quarter worth approximately $34,000. Quadrant Capital Group LLC lifted its stake in Pebblebrook Hotel Trust by 32.8% in the fourth quarter. Quadrant Capital Group LLC now owns 3,220 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 796 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in Pebblebrook Hotel Trust in the fourth quarter worth approximately $38,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in Pebblebrook Hotel Trust by 33.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,465 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 865 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in Pebblebrook Hotel Trust by 188.0% in the fourth quarter. Hantz Financial Services Inc. now owns 5,049 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 3,296 shares during the last quarter.

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.