Pebblebrook Hotel Trust (NYSE:PEB – Get Free Report) 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.
Read Our Latest Analysis on Pebblebrook Hotel Trust
Hedge Funds Weigh In On Pebblebrook Hotel Trust
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.
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