Pebblebrook Hotel Trust (NYSE:PEB) Reaches New 52-Week High – Still a Buy?

Pebblebrook Hotel Trust (NYSE:PEB)’s share price reached a new 52-week high on Wednesday . The company traded as high as $13.05 and last traded at $12.81, with a volume of 108561 shares changing hands. The stock had previously closed at $12.83.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Stifel Nicolaus set a $13.50 target price on Pebblebrook Hotel Trust in a research report on Thursday, November 6th. Robert W. Baird set a $15.00 price objective on Pebblebrook Hotel Trust and gave the stock an “outperform” rating in a report on Monday, January 12th. Compass Point lowered Pebblebrook Hotel Trust from a “neutral” rating to a “sell” rating and reduced their target price for the company from $12.00 to $11.50 in a report on Monday, November 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of Pebblebrook Hotel Trust in a research report on Monday, December 29th. Finally, Morgan Stanley set a $9.00 price objective on shares of Pebblebrook Hotel Trust in a research report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have given a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $12.08.

Pebblebrook Hotel Trust Stock Performance

The company’s 50-day moving average is $11.67 and its two-hundred day moving average is $11.15. The company has a market capitalization of $1.46 billion, a P/E ratio of -10.78 and a beta of 1.54. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.86.

Pebblebrook Hotel Trust Announces Dividend

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

Institutional Investors Weigh In On Pebblebrook Hotel Trust

A number of large investors have recently added to or reduced their stakes in PEB. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Pebblebrook Hotel Trust by 33.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,465 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 865 shares in the last quarter. Amalgamated Bank raised its holdings in shares of Pebblebrook Hotel Trust by 3.5% during the 3rd quarter. Amalgamated Bank now owns 35,064 shares of the real estate investment trust’s stock valued at $399,000 after buying an additional 1,170 shares in the last quarter. Police & Firemen s Retirement System of New Jersey lifted its position in Pebblebrook Hotel Trust by 5.8% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 27,187 shares of the real estate investment trust’s stock worth $272,000 after buying an additional 1,500 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in Pebblebrook Hotel Trust by 1.0% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 168,200 shares of the real estate investment trust’s stock worth $1,680,000 after buying an additional 1,600 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in Pebblebrook Hotel Trust by 1.0% in the third quarter. Asset Management One Co. Ltd. now owns 172,758 shares of the real estate investment trust’s stock worth $1,968,000 after buying an additional 1,795 shares in the last quarter.

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.