Pebblebrook Hotel Trust (NYSE:PEB) Receives $13.86 Average Target Price from Analysts

Pebblebrook Hotel Trust (NYSE:PEB) has been assigned an average recommendation of “Hold” from the six analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $13.86.

Several research analysts recently weighed in on the stock. Truist Financial reduced 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 research report on Tuesday, February 4th. StockNews.com downgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, March 5th. Compass Point downgraded shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $17.00 to $15.00 in a research report on Monday, March 10th. Raymond James set a $14.00 price target on shares of Pebblebrook Hotel Trust and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Finally, Stifel Nicolaus upgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and upped their price target for the stock from $14.75 to $15.00 in a research report on Friday, November 22nd.

Institutional Trading of Pebblebrook Hotel Trust

Large investors have recently bought and sold shares of the business. GF Fund Management CO. LTD. purchased a new stake in Pebblebrook Hotel Trust during the 4th quarter valued at about $30,000. Quadrant Capital Group LLC grew its stake in shares of Pebblebrook Hotel Trust by 100.2% in the 4th 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 during the period. Sterling Capital Management LLC grew its stake in shares of Pebblebrook Hotel Trust by 815.6% in the 4th 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 during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Pebblebrook Hotel Trust in the 4th quarter valued at approximately $99,000. Finally, FMR LLC grew its stake in shares of Pebblebrook Hotel Trust by 10.8% in the 3rd quarter. FMR LLC now owns 9,069 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 884 shares during the period.

Pebblebrook Hotel Trust Trading Down 1.0 %

Shares of Pebblebrook Hotel Trust stock opened at $10.58 on Tuesday. Pebblebrook Hotel Trust has a fifty-two week low of $10.31 and a fifty-two week high of $16.19. 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 firm has a 50-day simple moving average of $12.44 and a two-hundred day simple moving average of $12.95. The company has a market cap of $1.27 billion, a P/E ratio of -36.46, a price-to-earnings-growth ratio of 0.60 and a beta of 1.87.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.01 per share. The ex-dividend date is Monday, March 31st. This represents a $0.04 annualized dividend and a yield of 0.38%. Pebblebrook Hotel Trust’s dividend payout ratio is presently -9.30%.

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.