Pebblebrook Hotel Trust (NYSE:PEB) Hits New 1-Year High – Here’s Why

Pebblebrook Hotel Trust (NYSE:PEB)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $19.39 and last traded at $19.3460, with a volume of 6094464 shares changing hands. The stock had previously closed at $18.50.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Stifel Nicolaus upped their price objective on Pebblebrook Hotel Trust from $14.50 to $16.25 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Weiss Ratings upgraded shares of Pebblebrook Hotel Trust from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. Truist Financial raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and increased their price target for the stock from $14.00 to $17.00 in a report on Wednesday, May 27th. BMO Capital Markets restated a “market perform” rating and set a $17.00 price target on shares of Pebblebrook Hotel Trust in a research report on Friday. Finally, Morgan Stanley lifted their price objective on shares of Pebblebrook Hotel Trust from $10.00 to $12.00 and gave the company an “underweight” rating in a report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $14.98.

Pebblebrook Hotel Trust Stock Up 4.6%

The business’s 50 day moving average is $14.94 and its 200-day moving average is $13.04. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of -24.18, a PEG ratio of 1.61 and a beta of 1.45. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.04 and a current ratio of 1.04.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported ($0.26) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.05. The company had revenue of $345.66 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.16 earnings per share. Pebblebrook Hotel Trust has set its Q2 2026 guidance at 0.580-0.620 EPS. On average, sell-side analysts predict that Pebblebrook Hotel Trust will post 1.59 EPS for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Tuesday, June 30th. Pebblebrook Hotel Trust’s dividend payout ratio is -5.00%.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Several institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC raised its stake in Pebblebrook Hotel Trust by 174.6% in the 1st quarter. AQR Capital Management LLC now owns 93,371 shares of the real estate investment trust’s stock valued at $941,000 after purchasing an additional 59,367 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Pebblebrook Hotel Trust by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,002 shares of the real estate investment trust’s stock worth $719,000 after buying an additional 3,075 shares in the last quarter. Caxton Associates LLP acquired a new stake in shares of Pebblebrook Hotel Trust in the first quarter valued at about $310,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Pebblebrook Hotel Trust by 8.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 659,945 shares of the real estate investment trust’s stock valued at $6,685,000 after buying an additional 48,640 shares during the last quarter. Finally, Creative Planning purchased a new position in shares of Pebblebrook Hotel Trust in the second quarter worth about $176,000.

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.