Pebblebrook Hotel Trust (NYSE:PEB) Receives $13.86 Consensus Target Price from Brokerages

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) has earned an average rating of "Hold" from the six brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $13.86.

A number of research firms recently commented on PEB. Wedbush lowered Pebblebrook Hotel Trust from a "neutral" rating to an "underperform" rating and set a $13.00 price target for the company. in a research report on Thursday, January 2nd. Truist Financial reduced their price objective on shares of Pebblebrook Hotel Trust from $14.00 to $13.00 and set a "hold" rating for the company in a research report on Tuesday, February 4th. Compass Point cut shares of Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $17.00 to $15.00 in a research report on Monday, March 10th. Wells Fargo & Company reduced their target price on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an "equal weight" rating for the company in a report on Tuesday, February 18th. Finally, StockNews.com lowered Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a report on Wednesday, March 5th.

Remove Ads

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Large investors have recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. boosted its position in Pebblebrook Hotel Trust by 8.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,713,156 shares of the real estate investment trust's stock worth $90,964,000 after purchasing an additional 525,991 shares during the period. Earnest Partners LLC grew its stake in Pebblebrook Hotel Trust by 0.3% in the 4th quarter. Earnest Partners LLC now owns 4,936,306 shares of the real estate investment trust's stock valued at $66,887,000 after buying an additional 13,479 shares in the last quarter. Alyeska Investment Group L.P. lifted its position in shares of Pebblebrook Hotel Trust by 43.3% during the fourth quarter. Alyeska Investment Group L.P. now owns 4,167,770 shares of the real estate investment trust's stock worth $56,473,000 after acquiring an additional 1,260,077 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Pebblebrook Hotel Trust by 1.0% in the third quarter. Geode Capital Management LLC now owns 3,043,473 shares of the real estate investment trust's stock worth $40,272,000 after acquiring an additional 28,871 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Pebblebrook Hotel Trust by 19.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,956,436 shares of the real estate investment trust's stock valued at $40,061,000 after purchasing an additional 481,076 shares in the last quarter.

Pebblebrook Hotel Trust Stock Down 2.7 %

PEB traded down $0.29 during midday trading on Tuesday, reaching $10.30. 2,227,311 shares of the company were exchanged, compared to its average volume of 1,727,699. The company has a market cap of $1.23 billion, a price-to-earnings ratio of -35.43, a price-to-earnings-growth ratio of 0.60 and a beta of 1.87. Pebblebrook Hotel Trust has a one year low of $9.98 and a one year high of $16.19. The company's fifty day moving average price is $12.44 and its 200 day moving average price is $12.95. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 0.81.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.01 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.39%. Pebblebrook Hotel Trust's payout ratio is presently -9.30%.

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.