Pebblebrook Hotel Trust (NYSE:PEB) Stock Has Consensus Target Price of $17.37

by · The Cerbat Gem

Shares of Pebblebrook Hotel Trust (NYSE:PEB – Get Free Report) have been assigned a consensus recommendation of “Hold” from the fourteen brokerages that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $17.37.

A number of research analysts recently commented on the stock. Truist Financial increased their target price on shares of Pebblebrook Hotel Trust from $17.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Morgan Stanley lifted their price target on Pebblebrook Hotel Trust from $12.00 to $13.00 and gave the stock an “underweight” rating in a research report on Friday, July 17th. Cantor Fitzgerald boosted their price objective on Pebblebrook Hotel Trust from $15.00 to $19.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Citigroup increased their price objective on Pebblebrook Hotel Trust from $15.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Finally, BMO Capital Markets restated a “market perform” rating and set a $17.00 target price on shares of Pebblebrook Hotel Trust in a research report on Friday, June 12th.

Read Our Latest Report on Pebblebrook Hotel Trust

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Legal & General Group Plc boosted its stake in shares of Pebblebrook Hotel Trust by 14.1% during the fourth quarter. Legal & General Group Plc now owns 2,566,267 shares of the real estate investment trust’s stock worth $29,050,000 after buying an additional 317,573 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Pebblebrook Hotel Trust by 51.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,154,627 shares of the real estate investment trust’s stock worth $27,213,000 after buying an additional 736,078 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Pebblebrook Hotel Trust in the 2nd quarter valued at about $18,729,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Pebblebrook Hotel Trust by 5.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 788,621 shares of the real estate investment trust’s stock valued at $15,307,000 after acquiring an additional 41,249 shares during the period. Finally, Bamco Inc. NY acquired a new position in Pebblebrook Hotel Trust in the 2nd quarter valued at about $12,115,000.

Pebblebrook Hotel Trust Trading Down 0.9%

NYSE:PEB opened at $18.44 on Friday. The stock has a 50-day simple moving average of $18.43 and a 200-day simple moving average of $16.41. The stock has a market cap of $2.08 billion, a P/E ratio of -26.72, a P/E/G ratio of 1.28 and a beta of 1.40. Pebblebrook Hotel Trust has a 1 year low of $9.99 and a 1 year high of $19.93. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.34 and a current ratio of 1.34.

Pebblebrook Hotel Trust (NYSE:PEB – Get Free Report) last issued its earnings results on Wednesday, July 29th. The real estate investment trust reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.56. The business had revenue of $407.14 million for the quarter, compared to analyst estimates of $400.05 million. Pebblebrook Hotel Trust had a negative return on equity of 1.83% and a negative net margin of 3.11%.The business’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the company earned $0.65 EPS. Pebblebrook Hotel Trust has set its Q3 2026 guidance at 0.480-0.520 EPS and its FY 2026 guidance at 1.690-1.760 EPS. As a group, analysts anticipate that Pebblebrook Hotel Trust will post 1.7 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.01 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.2%. Pebblebrook Hotel Trust’s dividend payout ratio is currently -5.80%.

About Pebblebrook Hotel Trust

(Get Free Report)

Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust that owns and invests in upper-upscale and luxury hotels and resorts. The company’s portfolio includes independent, boutique and branded properties serving business and leisure travelers.

Pebblebrook focuses primarily on hotels in major urban and resort destinations across the United States, including markets on the West Coast, in the Northeast, the Southeast and other metropolitan and resort regions.

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