Pebblebrook Hotel Trust (NYSE:PEB) Downgraded to Strong Sell Rating by Zacks Research

Zacks Research cut shares of Pebblebrook Hotel Trust (NYSE:PEB) from a hold rating to a strong sell rating in a report released on Tuesday morning,Zacks.com reports.

PEB has been the subject of a number of other reports. Cantor Fitzgerald started coverage on shares of Pebblebrook Hotel Trust in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $12.00 price target for the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Pebblebrook Hotel Trust in a report on Monday, December 29th. Citigroup increased their target price on Pebblebrook Hotel Trust from $10.00 to $13.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Stifel Nicolaus set a $13.50 target price on Pebblebrook Hotel Trust in a research note on Thursday, November 6th. Finally, Morgan Stanley set a $9.00 price target on Pebblebrook Hotel Trust in a research report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have assigned a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $12.08.

Pebblebrook Hotel Trust Trading Up 1.9%

Shares of Pebblebrook Hotel Trust stock traded up $0.24 during midday trading on Tuesday, reaching $12.66. 376,903 shares of the company’s stock traded hands, compared to its average volume of 2,256,488. The stock has a 50 day moving average of $11.45 and a 200-day moving average of $11.03. Pebblebrook Hotel Trust has a 12 month low of $7.41 and a 12 month high of $14.21. The company has a market cap of $1.44 billion, a PE ratio of -10.64 and a beta of 1.53. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.13 and a current ratio of 1.13.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported $0.51 earnings per share (EPS) 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 business had revenue of $398.72 million for the quarter, compared to the consensus estimate of $396.80 million. During the same period in the previous year, the firm earned $0.59 EPS. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. 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. As a group, equities analysts expect that Pebblebrook Hotel Trust will post 1.5 EPS for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Wednesday, December 31st. Pebblebrook Hotel Trust’s payout ratio is currently -3.36%.

Institutional Trading of Pebblebrook Hotel Trust

A number of institutional investors and hedge funds have recently bought and sold shares of PEB. Hilltop National Bank bought a new position in shares of Pebblebrook Hotel Trust in the second quarter worth approximately $44,000. PNC Financial Services Group Inc. grew its holdings in shares of Pebblebrook Hotel Trust by 115.2% in the second quarter. PNC Financial Services Group Inc. now owns 4,683 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 2,507 shares during the period. Pensionfund Sabic bought a new position in shares of Pebblebrook Hotel Trust in the 4th quarter worth approximately $72,000. Aster Capital Management DIFC Ltd purchased a new stake in Pebblebrook Hotel Trust during the third quarter valued at approximately $77,000. Finally, AdvisorShares Investments LLC raised its holdings in Pebblebrook Hotel Trust by 52.4% in the 2nd quarter. AdvisorShares Investments LLC now owns 7,621 shares of the real estate investment trust’s stock worth $76,000 after purchasing an additional 2,621 shares during the period.

About Pebblebrook Hotel Trust

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.