Pebblebrook Hotel Trust (NYSE:PEB) Reaches New 52-Week Low - What's Next?

Shares of Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) reached a new 52-week low on Friday . The company traded as low as $9.97 and last traded at $10.04, with a volume of 380834 shares. The stock had previously closed at $10.58.

Wall Street Analyst Weigh In

PEB has been the topic of a number of research analyst reports. Raymond James set a $14.00 price target on Pebblebrook Hotel Trust and gave the company an "outperform" rating in a research note on Thursday, February 27th. Truist Financial dropped their price objective on shares of Pebblebrook Hotel Trust from $14.00 to $13.00 and set a "hold" rating on the stock in a research report on Tuesday, February 4th. Wells Fargo & Company decreased their price target on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 18th. Wedbush downgraded shares of Pebblebrook Hotel Trust from a "neutral" rating to an "underperform" rating and set a $13.00 price objective for the company. in a research report on Thursday, January 2nd. Finally, Compass Point downgraded Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and decreased their target price for the company from $17.00 to $15.00 in a research report on Monday, March 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Pebblebrook Hotel Trust currently has a consensus rating of "Hold" and a consensus price target of $13.86.

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Pebblebrook Hotel Trust Trading Up 0.3 %

The firm has a 50 day moving average of $12.27 and a 200-day moving average of $12.90. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $1.26 billion, a P/E ratio of -36.31, a PEG ratio of 0.60 and a beta of 1.87.

Pebblebrook Hotel Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.01 per share. The ex-dividend date is Monday, March 31st. This represents a $0.04 annualized dividend and a yield of 0.38%. Pebblebrook Hotel Trust's dividend payout ratio is -9.30%.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Large investors have recently modified their holdings of the business. Centersquare Investment Management LLC increased its holdings in shares of Pebblebrook Hotel Trust by 2,448.9% during the fourth quarter. Centersquare Investment Management LLC now owns 1,879,327 shares of the real estate investment trust's stock worth $25,465,000 after buying an additional 1,805,597 shares in the last quarter. Alyeska Investment Group L.P. increased its holdings in Pebblebrook Hotel Trust by 43.3% in the 4th 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 purchasing an additional 1,260,077 shares in the last quarter. Nuveen Asset Management LLC raised its position in Pebblebrook Hotel Trust by 82.3% in the fourth quarter. Nuveen Asset Management LLC now owns 2,345,333 shares of the real estate investment trust's stock valued at $31,779,000 after purchasing an additional 1,058,664 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC acquired a new stake in shares of Pebblebrook Hotel Trust during the fourth quarter valued at about $13,788,000. Finally, Landmark Investment Partners L.P. acquired a new position in shares of Pebblebrook Hotel Trust in the fourth quarter valued at approximately $13,075,000.

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.