Analysts Set Pebblebrook Hotel Trust (NYSE:PEB) Target Price at $14.17

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) has received an average recommendation of "Hold" from the six brokerages that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $14.17.

A number of research firms have recently issued reports on PEB. Compass Point upgraded shares of Pebblebrook Hotel Trust from a "neutral" rating to a "buy" rating and set a $17.00 price target on the stock in a research report on Thursday, November 21st. Stifel Nicolaus upgraded Pebblebrook Hotel Trust from a "hold" rating to a "buy" rating and lifted their target price for the company from $14.75 to $15.00 in a research note on Friday, November 22nd. Wells Fargo & Company lowered 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. Robert W. Baird cut their price target on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, October 31st. Finally, Wedbush downgraded Pebblebrook Hotel Trust from a "neutral" rating to an "underperform" rating and set a $13.00 price objective for the company. in a research note on Thursday, January 2nd.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Asset Management One Co. Ltd. raised its stake in shares of Pebblebrook Hotel Trust by 0.5% during the third quarter. Asset Management One Co. Ltd. now owns 174,841 shares of the real estate investment trust's stock valued at $2,313,000 after purchasing an additional 866 shares in the last quarter. FMR LLC increased its stake in Pebblebrook Hotel Trust by 10.8% during the 3rd quarter. FMR LLC now owns 9,069 shares of the real estate investment trust's stock valued at $120,000 after buying an additional 884 shares during the period. Atria Investments Inc raised its position in shares of Pebblebrook Hotel Trust by 2.2% during the 3rd quarter. Atria Investments Inc now owns 40,897 shares of the real estate investment trust's stock worth $541,000 after buying an additional 889 shares in the last quarter. Sei Investments Co. lifted its stake in shares of Pebblebrook Hotel Trust by 0.3% in the 4th quarter. Sei Investments Co. now owns 397,337 shares of the real estate investment trust's stock worth $5,384,000 after acquiring an additional 1,098 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Pebblebrook Hotel Trust by 35.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,677 shares of the real estate investment trust's stock valued at $63,000 after acquiring an additional 1,212 shares in the last quarter.

Pebblebrook Hotel Trust Stock Performance

NYSE:PEB traded down $0.39 during trading hours on Friday, reaching $11.89. 2,509,286 shares of the stock were exchanged, compared to its average volume of 1,785,821. The stock has a market capitalization of $1.42 billion, a P/E ratio of -41.00, a P/E/G ratio of 0.60 and a beta of 1.85. The firm has a 50 day simple moving average of $13.31 and a 200-day simple moving average of $13.12. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78. Pebblebrook Hotel Trust has a 52 week low of $11.65 and a 52 week high of $16.61.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.34%. The ex-dividend date was Tuesday, December 31st. Pebblebrook Hotel Trust's dividend payout ratio is currently -13.79%.

Pebblebrook Hotel Trust Company Profile

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.