Pebblebrook Hotel Trust (NYSE:PEB) Stock Has Average Price Target of $18.27 According to Analysts

Pebblebrook Hotel Trust (NYSE:PEB) has received an average rating of “Hold” from the thirteen brokerages that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $19.17.

Several equities analysts have recently commented on the company. Morgan Stanley raised their price target on Pebblebrook Hotel Trust from $14.00 to $15.00 and gave the company an “underweight” rating in a research note on Thursday, October 22nd. Zacks Research upgraded Pebblebrook Hotel Trust from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 20th. Wall Street Zen lowered shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Saturday, October 31st. Raymond James Financial increased their target price on shares of Pebblebrook Hotel Trust from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Monday, September 28th. Finally, Evercore set a $21.00 target price on shares of Pebblebrook Hotel Trust in a research report on Monday, October 26th.

Pebblebrook Hotel Trust Price Performance

Pebblebrook Hotel Trust stock opened at $21.61 on Friday. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of 11.60, a price-to-earnings-growth ratio of 0.94 and a beta of 1.45. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.38 and a quick ratio of 1.38. Pebblebrook Hotel Trust has a 1 year low of $10.46 and a 1 year high of $22.40. The firm has a 50-day moving average of $19.60 and a two-hundred day moving average of $16.50.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its earnings results on Thursday, October 29th. The real estate investment trust reported ($0.56) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.59). The company had revenue of $402.75 million for the quarter, compared to analysts’ expectations of $393.55 million. Pebblebrook Hotel Trust had a negative return on equity of 2.73% and a negative net margin of 4.55%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same period last year, the business posted $0.51 earnings per share. On average, research analysts forecast that Pebblebrook Hotel Trust will post 1.76 earnings per share for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Wednesday, September 30th. Pebblebrook Hotel Trust’s dividend payout ratio is presently -4.55%.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Hedge funds and other institutional investors have recently modified their holdings of the business. Allworth Financial LP lifted its stake in shares of Pebblebrook Hotel Trust by 85.2% during the 3rd quarter. Allworth Financial LP now owns 1,850 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 851 shares during the last quarter. Nykredit A S purchased a new position in Pebblebrook Hotel Trust during the 2nd quarter worth $51,000. Group One Trading LLC purchased a new stake in shares of Pebblebrook Hotel Trust during the second quarter worth about $86,000. Nisa Investment Advisors LLC increased its stake in Pebblebrook Hotel Trust by 23.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,282 shares of the real estate investment trust’s stock valued at $118,000 after purchasing an additional 1,185 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in Pebblebrook Hotel Trust during the 1st quarter valued at approximately $127,000.

Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust is a publicly traded real estate investment trust that owns and invests in upper-upscale hotels and resorts. Its properties are generally located in major U.S. urban markets and resort destinations. The company’s hotels offer lodging and related services, which may include dining, meeting and event facilities, and other guest amenities. Pebblebrook typically works with hotel management companies to operate its properties rather than operating them under a single Pebblebrook-branded hotel chain.