Pebblebrook Hotel Trust (NYSE:PEB) Upgraded at Baird R W

Baird R W upgraded shares of Pebblebrook Hotel Trust (NYSE:PEB) from a hold rating to a strong-buy rating in a research report report published on Monday morning,Zacks.com reports.

PEB has been the topic of a number of other research reports. Barclays assumed coverage on shares of Pebblebrook Hotel Trust in a report on Tuesday, January 6th. They issued an “underweight” rating and a $10.00 price objective on the stock. Evercore ISI boosted their price target on Pebblebrook Hotel Trust from $12.00 to $13.00 and gave the stock an “in-line” rating in a research note on Thursday, September 18th. Weiss Ratings restated a “sell (d)” rating on shares of Pebblebrook Hotel Trust in a research note on Monday, December 29th. 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. Finally, Zacks Research cut Pebblebrook Hotel Trust from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, Pebblebrook Hotel Trust presently has a consensus rating of “Reduce” and a consensus target price of $12.08.

Pebblebrook Hotel Trust Stock Performance

Shares of NYSE:PEB opened at $12.03 on Monday. The business’s 50-day simple moving average is $11.34 and its 200 day simple moving average is $10.97. The company has a market cap of $1.37 billion, a P/E ratio of -10.10 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 has a one year low of $7.41 and a one year high of $14.21.

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 the consensus estimate 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 the consensus estimate of $396.80 million. During the same quarter last year, the company earned $0.59 earnings per share. Pebblebrook Hotel Trust’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. On average, sell-side analysts forecast that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Wednesday, December 31st. Pebblebrook Hotel Trust’s payout ratio is -3.36%.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Several large investors have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. increased its stake in Pebblebrook Hotel Trust by 122.1% during the second quarter. Harbor Capital Advisors Inc. now owns 2,514 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 1,382 shares during the last quarter. Hilltop National Bank bought a new position in shares of Pebblebrook Hotel Trust in the 2nd quarter worth about $44,000. PNC Financial Services Group Inc. boosted its holdings in shares of Pebblebrook Hotel Trust by 115.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,683 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 2,507 shares during the period. Pensionfund Sabic bought a new stake in shares of Pebblebrook Hotel Trust during the 4th quarter valued at about $72,000. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Pebblebrook Hotel Trust during the third quarter worth about $77,000.

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.