Pebblebrook Hotel Trust (NYSE:PEB) Receives $16.98 Average PT from Analysts

Shares of Pebblebrook Hotel Trust (NYSE:PEB) have been assigned a consensus rating of “Hold” from the fifteen brokerages that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $17.1346.

Several analysts have recently issued reports on the stock. LADENBURG THALM/SH SH upped their target price on shares of Pebblebrook Hotel Trust from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. Cantor Fitzgerald raised their price objective on Pebblebrook Hotel Trust from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Zacks Research upgraded Pebblebrook Hotel Trust from a “hold” rating to a “strong-buy” rating in a report on Monday, June 15th. Citigroup boosted their target price on Pebblebrook Hotel Trust from $15.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. Finally, Wells Fargo & Company increased their price target on Pebblebrook Hotel Trust from $16.00 to $19.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Institutional investors have recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. purchased a new stake in Pebblebrook Hotel Trust in the 1st quarter worth about $34,000. Quadrant Capital Group LLC lifted its stake in Pebblebrook Hotel Trust by 32.8% in the fourth quarter. Quadrant Capital Group LLC now owns 3,220 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 796 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of Pebblebrook Hotel Trust during the fourth quarter valued at approximately $38,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Pebblebrook Hotel Trust by 33.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,465 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 865 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its stake in shares of Pebblebrook Hotel Trust by 188.0% during the fourth quarter. Hantz Financial Services Inc. now owns 5,049 shares of the real estate investment trust’s stock valued at $57,000 after buying an additional 3,296 shares during the last quarter.

Pebblebrook Hotel Trust Trading Down 1.3%

Shares of PEB opened at $19.14 on Friday. The company’s fifty day moving average is $18.27 and its 200 day moving average is $14.87. Pebblebrook Hotel Trust has a fifty-two week low of $9.30 and a fifty-two week high of $19.93. The stock has a market capitalization of $2.16 billion, a PE ratio of -27.73, a P/E/G ratio of 1.34 and a beta of 1.40. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.34 and a current ratio of 1.34.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.01 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.2%. Pebblebrook Hotel Trust’s payout ratio is -5.80%.

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.