Pebblebrook Hotel Trust (NYSE:PEB) Sets New 52-Week Low - Here's Why

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $7.69 and last traded at $7.82, with a volume of 137007 shares traded. The stock had previously closed at $8.43.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on PEB shares. StockNews.com lowered shares of Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research report on Wednesday, March 5th. Wedbush downgraded Pebblebrook Hotel Trust from a "neutral" rating to an "underperform" rating and set a $13.00 target price on the stock. in a report on Thursday, January 2nd. Wells Fargo & Company dropped their price target 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. Truist Financial cut their price objective on 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. Finally, Raymond James set a $14.00 target price on Pebblebrook Hotel Trust and gave the stock an "outperform" rating in a report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $13.86.

Pebblebrook Hotel Trust Stock Down 0.3 %

The firm's 50-day moving average is $10.97 and its two-hundred day moving average is $12.49. 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 cap of $1.01 billion, a P/E ratio of -29.22, a PEG ratio of 0.60 and a beta of 1.69.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.47%. Pebblebrook Hotel Trust's payout ratio is currently -9.30%.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

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