Wells Fargo & Company Lowers Pebblebrook Hotel Trust (NYSE:PEB) Price Target to $12.00

Pebblebrook Hotel Trust (NYSE:PEB) had its price target cut by research analysts at Wells Fargo & Company from $13.00 to $12.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s target price indicates a potential downside of 3.22% from the company’s previous close.

Several other equities analysts have also commented on the company. Barclays started coverage on Pebblebrook Hotel Trust in a research report on Tuesday, January 6th. They set an “underweight” rating and a $10.00 price objective on the stock. Truist Financial upped their target price on Pebblebrook Hotel Trust from $11.00 to $12.00 and gave the stock a “hold” rating in a research note on Monday, January 12th. Weiss Ratings reissued a “sell (d)” rating on shares of Pebblebrook Hotel Trust in a research note on Monday, December 29th. Wall Street Zen upgraded shares of Pebblebrook Hotel Trust from a “strong sell” rating to a “hold” rating in a report on Saturday, February 28th. Finally, Zacks Research raised shares of Pebblebrook Hotel Trust from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 17th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $12.00.

Pebblebrook Hotel Trust Price Performance

Shares of PEB stock traded down $0.03 on Tuesday, reaching $12.40. The company’s stock had a trading volume of 72,979 shares, compared to its average volume of 2,265,406. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.83. Pebblebrook Hotel Trust has a 12-month low of $7.41 and a 12-month high of $13.35. The company has a market capitalization of $1.41 billion, a P/E ratio of -13.59 and a beta of 1.48. The stock’s 50 day simple moving average is $12.29 and its 200-day simple moving average is $11.59.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its earnings results on Wednesday, February 25th. The real estate investment trust reported $0.27 EPS for the quarter, topping the consensus estimate of $0.23 by $0.04. Pebblebrook Hotel Trust had a negative return on equity of 2.88% and a negative net margin of 5.18%.The business had revenue of $349.02 million during the quarter, compared to analysts’ expectations of $342.03 million. During the same period in the previous year, the business earned $0.20 earnings per share. Pebblebrook Hotel Trust has set its Q1 2026 guidance at 0.190-0.230 EPS and its FY 2026 guidance at 1.500-1.620 EPS. As a group, equities analysts predict that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

A number of hedge funds have recently modified their holdings of the company. Quadrant Capital Group LLC grew its holdings in shares of Pebblebrook Hotel Trust by 32.8% during the 4th quarter. Quadrant Capital Group LLC now owns 3,220 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 796 shares during the period. Cullen Frost Bankers Inc. purchased a new position in shares of Pebblebrook Hotel Trust in the 4th quarter valued at approximately $38,000. Mirae Asset Global Investments Co. Ltd. boosted its position 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 purchasing an additional 865 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Pebblebrook Hotel Trust by 115.2% during the second quarter. PNC Financial Services Group Inc. now owns 4,683 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 2,507 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its stake in Pebblebrook Hotel Trust by 188.0% in the fourth quarter. Hantz Financial Services Inc. now owns 5,049 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 3,296 shares during the period.

Pebblebrook Hotel Trust Company Profile

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.