Pebblebrook Hotel Trust (NYSE:PEB) Sets New 1-Year High – Should You Buy?

Pebblebrook Hotel Trust (NYSE:PEB)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $19.39 and last traded at $19.3460, with a volume of 6094464 shares changing hands. The stock had previously closed at $18.50.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Raymond James Financial restated an “outperform” rating and issued a $18.00 target price on shares of Pebblebrook Hotel Trust in a research report on Monday, June 8th. Stifel Nicolaus increased their price target on shares of Pebblebrook Hotel Trust from $18.00 to $20.25 and gave the company a “buy” rating in a research report on Thursday. Truist Financial raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and lifted their price target for the stock from $14.00 to $17.00 in a research note on Wednesday, May 27th. LADENBURG THALM/SH SH boosted their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Weiss Ratings raised shares of Pebblebrook Hotel Trust from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $15.67.

Pebblebrook Hotel Trust Stock Performance

The stock has a market cap of $2.16 billion, a PE ratio of -23.87, a price-to-earnings-growth ratio of 1.59 and a beta of 1.45. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.04 and a quick ratio of 1.04. The business has a 50 day moving average price of $15.18 and a two-hundred day moving average price of $13.15.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported ($0.26) EPS for the quarter, topping the consensus estimate 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 company 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 firm 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. As a group, equities research analysts forecast that Pebblebrook Hotel Trust will post 1.59 EPS for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a $0.01 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.2%. Pebblebrook Hotel Trust’s payout ratio is presently -5.00%.

Institutional Trading of Pebblebrook Hotel Trust

Institutional investors have recently modified their holdings of the company. Alyeska Investment Group L.P. grew its stake in shares of Pebblebrook Hotel Trust by 11.1% in the fourth quarter. Alyeska Investment Group L.P. now owns 6,964,179 shares of the real estate investment trust’s stock worth $78,835,000 after purchasing an additional 695,277 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Pebblebrook Hotel Trust by 13.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,180,800 shares of the real estate investment trust’s stock valued at $69,969,000 after purchasing an additional 711,042 shares during the last quarter. Millennium Management LLC lifted its holdings in Pebblebrook Hotel Trust by 46.1% in the 4th quarter. Millennium Management LLC now owns 3,158,256 shares of the real estate investment trust’s stock worth $35,751,000 after buying an additional 997,119 shares during the period. Woodline Partners LP lifted its holdings in Pebblebrook Hotel Trust by 114.6% in the 3rd quarter. Woodline Partners LP now owns 3,150,890 shares of the real estate investment trust’s stock worth $35,889,000 after buying an additional 1,682,855 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Pebblebrook Hotel Trust by 6.2% in the 4th quarter. Geode Capital Management LLC now owns 3,033,952 shares of the real estate investment trust’s stock worth $34,350,000 after buying an additional 177,466 shares during 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.