Pebblebrook Hotel Trust (NYSE:PEB) Rating Increased to Strong Sell at Barclays

Pebblebrook Hotel Trust (NYSE:PEB) was upgraded by equities researchers at Barclays to a “strong sell” rating in a report issued on Tuesday,Zacks.com reports.

Several other equities research analysts have also commented on PEB. Weiss Ratings reissued a “sell (d)” rating on shares of Pebblebrook Hotel Trust in a report on Monday, December 29th. Morgan Stanley set a $9.00 target price on shares of Pebblebrook Hotel Trust in a report on Wednesday, October 22nd. Zacks Research cut shares of Pebblebrook Hotel Trust from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Robert W. Baird boosted their price target on shares of Pebblebrook Hotel Trust from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, September 18th. Finally, Stifel Nicolaus set a $13.50 price objective on shares of Pebblebrook Hotel Trust in a research note on Thursday, November 6th. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $11.73.

Pebblebrook Hotel Trust Price Performance

Shares of NYSE PEB opened at $11.61 on Tuesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of -9.75 and a beta of 1.53. The firm’s 50 day simple moving average is $11.17 and its 200-day simple moving average is $10.88. Pebblebrook Hotel Trust has a 12 month low of $7.41 and a 12 month high of $14.21.

Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. Pebblebrook Hotel Trust had a negative net margin of 7.45% and a negative return on equity of 4.02%. The company had revenue of $398.72 million during the quarter, compared to analysts’ expectations of $396.80 million. During the same quarter in the previous year, the company earned $0.59 earnings per share. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. Pebblebrook Hotel Trust has set its FY 2025 guidance at 1.500-1.570 EPS and its Q4 2025 guidance at 0.180-0.260 EPS. Analysts expect that Pebblebrook Hotel Trust will post 1.5 EPS for the current year.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Several institutional investors and hedge funds have recently bought and sold shares of PEB. Nordea Investment Management AB raised its stake in shares of Pebblebrook Hotel Trust by 7.6% in the 2nd quarter. Nordea Investment Management AB now owns 802,145 shares of the real estate investment trust’s stock valued at $8,025,000 after acquiring an additional 56,815 shares during the period. GAMMA Investing LLC increased its holdings in Pebblebrook Hotel Trust by 438.2% in the 2nd quarter. GAMMA Investing LLC now owns 9,252 shares of the real estate investment trust’s stock valued at $92,000 after purchasing an additional 7,533 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Pebblebrook Hotel Trust by 15.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 692,901 shares of the real estate investment trust’s stock valued at $6,922,000 after purchasing an additional 91,769 shares during the last quarter. Nebula Research & Development LLC raised its position in Pebblebrook Hotel Trust by 97.4% in the second quarter. Nebula Research & Development LLC now owns 195,799 shares of the real estate investment trust’s stock valued at $1,956,000 after purchasing an additional 96,608 shares during the period. Finally, Cubist Systematic Strategies LLC lifted its stake in Pebblebrook Hotel Trust by 34.8% during the first quarter. Cubist Systematic Strategies LLC now owns 35,934 shares of the real estate investment trust’s stock worth $364,000 after purchasing an additional 9,275 shares in the last quarter.

Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust (NYSE:PEB) is a real estate investment trust specializing in premium, high-barrier-to-entry hotel properties in gateway markets across the United States. Established in 2009, PEB focuses on lifestyle-oriented lodging assets that cater to business and leisure travelers seeking elevated experiences. The company’s investment strategy emphasizes select-service and full-service hotels with established brands and prime urban or resort locations.

PEB’s portfolio comprises more than 30 properties in major metropolitan areas including New York City, Los Angeles, Chicago, Miami and San Francisco.