Pebblebrook Hotel Trust (NYSE:PEB) Upgraded to Hold at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Pebblebrook Hotel Trust (NYSE:PEB) to a hold rating in a research report released on Thursday morning,Zacks.com reports.

A number of other brokerages also recently commented on PEB. Cantor Fitzgerald lifted their price objective on shares of Pebblebrook Hotel Trust from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Raymond James Financial reaffirmed an “outperform” rating and issued a $18.00 target price on shares of Pebblebrook Hotel Trust in a report on Monday, June 8th. Evercore set a $15.00 target price on shares of Pebblebrook Hotel Trust in a research note on Monday, April 27th. Stifel Nicolaus lifted their price target on Pebblebrook Hotel Trust from $18.00 to $20.25 and gave the stock a “buy” rating in a report on Thursday, June 18th. Finally, Citigroup boosted their price target on Pebblebrook Hotel Trust from $15.00 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $16.90.

Pebblebrook Hotel Trust Trading Up 0.7%

NYSE PEB opened at $19.09 on Thursday. Pebblebrook Hotel Trust has a 12 month low of $9.30 and a 12 month high of $19.93. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.82. The stock has a 50 day moving average of $17.65 and a 200-day moving average of $14.50. The company has a market cap of $2.16 billion, a PE ratio of -23.87, a PEG ratio of 1.31 and a beta of 1.39.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported ($0.26) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.05. Pebblebrook Hotel Trust had a negative net margin of 4.18% and a negative return on equity of 2.41%. The business had revenue of $345.66 million for the quarter, compared to the consensus estimate of $331.23 million. During the same period in the previous year, the company earned $0.16 earnings per share. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. Pebblebrook Hotel Trust has set its Q2 2026 guidance at 0.580-0.620 EPS. On average, equities research analysts anticipate that Pebblebrook Hotel Trust will post 1.61 EPS for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Tuesday, June 30th. Pebblebrook Hotel Trust’s payout ratio is currently -5.00%.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Several large investors have recently modified their holdings of the stock. M&T Bank Corp bought a new stake in shares of Pebblebrook Hotel Trust during the 4th quarter worth about $4,411,000. Voss Capital LP bought a new position in Pebblebrook Hotel Trust in the 4th quarter valued at about $4,897,000. Legal & General Group Plc raised its holdings in Pebblebrook Hotel Trust by 14.1% in the 4th quarter. Legal & General Group Plc now owns 2,566,267 shares of the real estate investment trust’s stock valued at $29,050,000 after acquiring an additional 317,573 shares during the period. SG Americas Securities LLC lifted its position in Pebblebrook Hotel Trust by 40.4% during the fourth quarter. SG Americas Securities LLC now owns 153,226 shares of the real estate investment trust’s stock worth $1,735,000 after acquiring an additional 44,079 shares during the last quarter. Finally, OP Asset Management Ltd acquired a new stake in Pebblebrook Hotel Trust during the first quarter worth approximately $645,000.

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.