Pebblebrook Hotel Trust (PEB) Receives Average Rating of “Hold” from Brokerages

Pebblebrook Hotel Trust (NYSE:PEB) has been given an average recommendation of “Hold” by the twelve analysts that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $35.75.

PEB has been the subject of several research analyst reports. Barclays reissued a “buy” rating and issued a $38.00 price objective on shares of Pebblebrook Hotel Trust in a research report on Tuesday, February 19th. Raymond James lowered their price objective on Pebblebrook Hotel Trust from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, December 21st. ValuEngine lowered Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd. Goldman Sachs Group reissued a “sell” rating and issued a $26.00 price objective on shares of Pebblebrook Hotel Trust in a research report on Thursday, January 10th. Finally, TheStreet lowered Pebblebrook Hotel Trust from a “b-” rating to a “c” rating in a research report on Wednesday, February 27th.

PEB stock opened at $31.54 on Thursday. Pebblebrook Hotel Trust has a 1-year low of $26.59 and a 1-year high of $41.65. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.46 and a quick ratio of 0.46. The stock has a market capitalization of $4.09 billion, a PE ratio of 12.87, a price-to-earnings-growth ratio of 2.37 and a beta of 1.34.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings data on Monday, February 25th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.23. Pebblebrook Hotel Trust had a return on equity of 0.64% and a net margin of 1.62%. The firm had revenue of $235.64 million during the quarter, compared to analyst estimates of $207.53 million. During the same period last year, the company posted $0.11 EPS. The business’s quarterly revenue was up 31.2% on a year-over-year basis. Analysts expect that Pebblebrook Hotel Trust will post 2.65 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This is an increase from Pebblebrook Hotel Trust’s previous quarterly dividend of $0.25. This represents a $1.52 annualized dividend and a dividend yield of 4.82%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is currently 62.04%.

Several institutional investors and hedge funds have recently modified their holdings of the company. FCA Corp TX acquired a new stake in shares of Pebblebrook Hotel Trust in the 4th quarter valued at about $142,000. Geode Capital Management LLC grew its stake in shares of Pebblebrook Hotel Trust by 97.6% in the 4th quarter. Geode Capital Management LLC now owns 1,770,219 shares of the real estate investment trust’s stock valued at $50,114,000 after buying an additional 874,469 shares during the period. Norges Bank acquired a new stake in shares of Pebblebrook Hotel Trust in the 4th quarter valued at about $42,441,000. FMR LLC grew its stake in shares of Pebblebrook Hotel Trust by 207,621.6% in the 4th quarter. FMR LLC now owns 1,204,785 shares of the real estate investment trust’s stock valued at $34,107,000 after buying an additional 1,204,205 shares during the period. Finally, Nordea Investment Management AB grew its stake in shares of Pebblebrook Hotel Trust by 220.0% in the 4th quarter. Nordea Investment Management AB now owns 372,274 shares of the real estate investment trust’s stock valued at $10,538,000 after buying an additional 255,954 shares during the period.

Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust is a publicly traded real estate investment trust (“REIT”) organized to opportunistically acquire and invest primarily in upper upscale, full-service hotels located in urban markets in major gateway cities. The Company owns 64 hotels, totaling approximately 15,400 guest rooms, located in 11 states and the District of Columbia, in the following markets: Del Mar, California; Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Santa Cruz, California; Washington, DC; Coral Gables, Florida; Key West, Florida; Naples, Florida; Buckhead, Georgia; Chicago, Illinois; Boston, Massachusetts; Minneapolis, Minnesota; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.

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Analyst Recommendations for Pebblebrook Hotel Trust (NYSE:PEB)

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