Pebblebrook Hotel Trust (NYSE:PEB) Given Average Recommendation of “Hold” by Analysts

Pebblebrook Hotel Trust (NYSE:PEB) has been assigned an average recommendation of “Hold” from the six brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $13.86.

A number of analysts have commented on PEB shares. 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 report on Thursday, January 2nd. Compass Point cut Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $17.00 to $15.00 in a research report on Monday, March 10th. StockNews.com lowered shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Wednesday, March 5th. Stifel Nicolaus upgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and increased their price objective for the company from $14.75 to $15.00 in a research note on Friday, November 22nd. Finally, Truist Financial decreased their target price 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.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Several institutional investors have recently added to or reduced their stakes in PEB. GF Fund Management CO. LTD. bought a new position in Pebblebrook Hotel Trust in the 4th quarter valued at $30,000. Quadrant Capital Group LLC increased its stake in shares of Pebblebrook Hotel Trust by 100.2% in the fourth quarter. Quadrant Capital Group LLC now owns 2,644 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 1,323 shares in the last quarter. Sterling Capital Management LLC increased its stake in shares of Pebblebrook Hotel Trust by 815.6% in the fourth quarter. Sterling Capital Management LLC now owns 3,763 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 3,352 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Pebblebrook Hotel Trust during the 4th quarter worth about $99,000. Finally, FMR LLC grew its holdings 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 worth $120,000 after acquiring an additional 884 shares during the last quarter.

Pebblebrook Hotel Trust Stock Up 2.1 %

NYSE PEB opened at $10.93 on Tuesday. Pebblebrook Hotel Trust has a twelve month low of $10.31 and a twelve month high of $16.19. The stock has a market cap of $1.31 billion, a PE ratio of -37.67, a PEG ratio of 0.60 and a beta of 1.87. The firm has a 50-day simple moving average of $12.58 and a 200 day simple moving average of $13.00. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 0.81.

Pebblebrook Hotel Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.01 per share. The ex-dividend date is Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.37%. Pebblebrook Hotel Trust’s payout ratio is presently -9.30%.

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.