Pebblebrook Hotel Trust (NYSE:PEB) Receives $14.30 Consensus Price Target from Brokerages

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) has earned a consensus rating of "Reduce" from the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $14.30.

Several analysts have recently commented on PEB shares. Truist Financial dropped their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a "hold" rating on the stock in a report on Monday, October 28th. StockNews.com cut shares of Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research note on Tuesday, October 22nd. Robert W. Baird reduced their target price on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, October 31st. Finally, Wells Fargo & Company dropped their target price on Pebblebrook Hotel Trust from $15.00 to $13.00 and set an "equal weight" rating for the company in a report on Friday, September 13th.

Pebblebrook Hotel Trust Stock Down 0.5 %

Shares of NYSE:PEB traded down $0.07 on Wednesday, reaching $12.67. The company had a trading volume of 1,093,573 shares, compared to its average volume of 1,673,877. The firm has a market capitalization of $1.52 billion, a PE ratio of -44.03, a PEG ratio of 0.60 and a beta of 1.85. Pebblebrook Hotel Trust has a 52-week low of $11.65 and a 52-week high of $16.65. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. The firm's 50 day simple moving average is $12.86 and its 200-day simple moving average is $13.38.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.01 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.32%. Pebblebrook Hotel Trust's payout ratio is -13.79%.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. Earnest Partners LLC increased its position in Pebblebrook Hotel Trust by 1.0% during the 2nd quarter. Earnest Partners LLC now owns 5,036,155 shares of the real estate investment trust's stock worth $69,247,000 after purchasing an additional 51,677 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Pebblebrook Hotel Trust by 5.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,418,159 shares of the real estate investment trust's stock worth $31,992,000 after buying an additional 130,265 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its holdings in shares of Pebblebrook Hotel Trust by 38.1% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,963,388 shares of the real estate investment trust's stock worth $26,997,000 after acquiring an additional 541,573 shares during the period. Bank of Montreal Can raised its stake in Pebblebrook Hotel Trust by 68.1% during the second quarter. Bank of Montreal Can now owns 1,875,288 shares of the real estate investment trust's stock worth $25,841,000 after purchasing an additional 759,964 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Pebblebrook Hotel Trust by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,747,195 shares of the real estate investment trust's stock valued at $24,023,000 after acquiring an additional 41,659 shares during the last quarter.

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.