Pebblebrook Hotel Trust (NYSE:PEB) Hits New 1-Year Low - Should You Sell?

Shares of Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) hit a new 52-week low during trading on Friday . The stock traded as low as $9.96 and last traded at $10.05, with a volume of 441343 shares traded. The stock had previously closed at $10.32.

Analyst Upgrades and Downgrades

PEB has been the topic of several research reports. Compass Point cut Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and cut their price objective for the company from $17.00 to $15.00 in a research note on Monday, March 10th. StockNews.com downgraded shares of Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a report on Wednesday, March 5th. Raymond James set a $14.00 target price on shares of Pebblebrook Hotel Trust and gave the stock an "outperform" rating in a report on Thursday, February 27th. Truist Financial decreased their price target on shares of Pebblebrook Hotel Trust from $14.00 to $13.00 and set a "hold" rating for the company in a report on Tuesday, February 4th. Finally, Wells Fargo & Company dropped their price objective 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. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $13.86.

Remove Ads

Pebblebrook Hotel Trust Price Performance

The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of -35.63, a price-to-earnings-growth ratio of 0.60 and a beta of 1.87. The business's 50 day simple moving average is $11.99 and its 200-day simple moving average is $12.84.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date is Monday, March 31st. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is -9.30%.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. lifted its stake in shares of Pebblebrook Hotel Trust by 8.5% in the 4th 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 acquiring an additional 525,991 shares during the period. Earnest Partners LLC increased its position in shares of Pebblebrook Hotel Trust by 0.3% during 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 purchasing an additional 13,479 shares during the period. Alyeska Investment Group L.P. raised its stake in shares of 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 buying an additional 1,260,077 shares in the last quarter. Geode Capital Management LLC lifted 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 valued at $40,272,000 after buying an additional 28,871 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in Pebblebrook Hotel Trust by 19.4% during 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 buying an additional 481,076 shares in the last quarter.

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.