Pebblebrook Hotel Trust (PEB) – Investment Analysts’ Recent Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Pebblebrook Hotel Trust (NYSE: PEB) in the last few weeks:

  • 6/26/2019 – Pebblebrook Hotel Trust was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Pebblebrook Hotel Trust is an internally managed hotel investment company organized to acquire and invest in hotel properties located primarily in large United States cities with an emphasis on the major coastal markets. The Company may invest in resort properties located near its primary urban target markets, as well as in select destination markets. Pebblebrook Hotel Trust focuses on hotel properties in the lodging industry. In addition, the Company may seek to acquire service properties in its primary urban target markets. “
  • 6/25/2019 – Pebblebrook Hotel Trust is now covered by analysts at Capital One Financial Corp.. They set an “overweight” rating and a $35.00 price target on the stock.
  • 6/25/2019 – Pebblebrook Hotel Trust was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $32.00 price target on the stock. According to Zacks, “Pebblebrook Hotel Trust is an internally managed hotel investment company organized to acquire and invest in hotel properties located primarily in large United States cities with an emphasis on the major coastal markets. The Company may invest in resort properties located near its primary urban target markets, as well as in select destination markets. Pebblebrook Hotel Trust focuses on hotel properties in the lodging industry. In addition, the Company may seek to acquire service properties in its primary urban target markets. “
  • 6/13/2019 – Pebblebrook Hotel Trust was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Pebblebrook Hotel Trust is an internally managed hotel investment company organized to acquire and invest in hotel properties located primarily in large United States cities with an emphasis on the major coastal markets. The Company may invest in resort properties located near its primary urban target markets, as well as in select destination markets. Pebblebrook Hotel Trust focuses on hotel properties in the lodging industry. In addition, the Company may seek to acquire service properties in its primary urban target markets. “
  • 6/12/2019 – Pebblebrook Hotel Trust was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $32.00 price target on the stock. According to Zacks, “Pebblebrook Hotel Trust is an internally managed hotel investment company organized to acquire and invest in hotel properties located primarily in large United States cities with an emphasis on the major coastal markets. The Company may invest in resort properties located near its primary urban target markets, as well as in select destination markets. Pebblebrook Hotel Trust focuses on hotel properties in the lodging industry. In addition, the Company may seek to acquire service properties in its primary urban target markets. “
  • 6/7/2019 – Pebblebrook Hotel Trust was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Pebblebrook Hotel Trust is an internally managed hotel investment company organized to acquire and invest in hotel properties located primarily in large United States cities with an emphasis on the major coastal markets. The Company may invest in resort properties located near its primary urban target markets, as well as in select destination markets. Pebblebrook Hotel Trust focuses on hotel properties in the lodging industry. In addition, the Company may seek to acquire service properties in its primary urban target markets. “
  • 6/5/2019 – Pebblebrook Hotel Trust was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $31.00 price target on the stock. According to Zacks, “Pebblebrook Hotel Trust is an internally managed hotel investment company organized to acquire and invest in hotel properties located primarily in large United States cities with an emphasis on the major coastal markets. The Company may invest in resort properties located near its primary urban target markets, as well as in select destination markets. Pebblebrook Hotel Trust focuses on hotel properties in the lodging industry. In addition, the Company may seek to acquire service properties in its primary urban target markets. “
  • 5/6/2019 – Pebblebrook Hotel Trust is now covered by analysts at SunTrust Banks, Inc.. They set a “hold” rating and a $43.00 price target on the stock.

NYSE:PEB opened at $27.37 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market capitalization of $3.57 billion, a P/E ratio of 11.17, a PEG ratio of 2.06 and a beta of 1.40. Pebblebrook Hotel Trust has a 52-week low of $26.59 and a 52-week high of $39.88. The stock’s 50-day moving average price is $29.33.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.46 EPS for the quarter, beating the consensus estimate of $0.40 by $0.06. Pebblebrook Hotel Trust had a negative return on equity of 0.20% and a negative net margin of 0.53%. The firm had revenue of $267.20 million during the quarter, compared to analysts’ expectations of $358.66 million. During the same period in the prior year, the firm posted $0.67 earnings per share. The business’s quarterly revenue was up 47.5% compared to the same quarter last year. On average, research analysts anticipate that Pebblebrook Hotel Trust will post 2.66 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, June 27th. This represents a $1.52 annualized dividend and a yield of 5.55%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently 62.04%.

A number of hedge funds and other institutional investors have recently modified their holdings of PEB. Advisors Asset Management Inc. acquired a new position in Pebblebrook Hotel Trust during the fourth quarter valued at approximately $151,000. Victory Capital Management Inc. lifted its position in shares of Pebblebrook Hotel Trust by 62.6% in the fourth quarter. Victory Capital Management Inc. now owns 3,708 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 1,428 shares during the last quarter. Comerica Bank lifted its position in shares of Pebblebrook Hotel Trust by 559.7% in the fourth quarter. Comerica Bank now owns 67,583 shares of the real estate investment trust’s stock valued at $2,125,000 after buying an additional 57,339 shares during the last quarter. Nissay Asset Management Corp Japan ADV acquired a new stake in shares of Pebblebrook Hotel Trust in the fourth quarter valued at approximately $218,000. Finally, Virginia Retirement Systems ET AL acquired a new stake in shares of Pebblebrook Hotel Trust in the fourth quarter valued at approximately $208,000.

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 61 hotels, totaling approximately 14,600 guest rooms, located in 10 states and the District of Columbia, including: 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; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.

Further Reading: Preferred Stock

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