Pebblebrook Hotel Trust (NYSE:PEB) Reaches New 12-Month High – Still a Buy?

Shares of Pebblebrook Hotel Trust (NYSE:PEB) reached a new 52-week high during trading on Wednesday . The company traded as high as $19.39 and last traded at $19.3460, with a volume of 6094464 shares trading hands. The stock had previously closed at $18.50.

Analyst Ratings Changes

PEB has been the topic of several recent research reports. Citigroup boosted their target price on Pebblebrook Hotel Trust from $13.00 to $15.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Zacks Research downgraded Pebblebrook Hotel Trust from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Morgan Stanley boosted their price objective on Pebblebrook Hotel Trust from $10.00 to $12.00 and gave the stock an “underweight” rating in a research note on Tuesday, May 12th. Wells Fargo & Company upped their target price on Pebblebrook Hotel Trust from $12.00 to $16.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Finally, Truist Financial raised Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and raised their target price for the stock from $14.00 to $17.00 in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $14.98.

Pebblebrook Hotel Trust Stock Performance

The company has a debt-to-equity ratio of 0.82, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market cap of $2.19 billion, a price-to-earnings ratio of -24.18, a PEG ratio of 1.61 and a beta of 1.45. The firm has a 50 day simple moving average of $14.94 and a 200-day simple moving average of $13.04.

Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported ($0.26) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.05. Pebblebrook Hotel Trust had a negative return on equity of 2.41% and a negative net margin of 4.18%.The business had revenue of $345.66 million during the quarter, compared to analysts’ expectations of $331.23 million. During the same period in the prior year, the business posted $0.16 EPS. The company’s revenue was up 7.9% compared to the same quarter last year. Pebblebrook Hotel Trust has set its Q2 2026 guidance at 0.580-0.620 EPS. As a group, analysts predict that Pebblebrook Hotel Trust will post 1.59 EPS for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.2%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -5.00%.

Institutional Trading of Pebblebrook Hotel Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. raised its holdings in shares of Pebblebrook Hotel Trust by 11.1% in the 4th quarter. Alyeska Investment Group L.P. now owns 6,964,179 shares of the real estate investment trust’s stock valued at $78,835,000 after buying an additional 695,277 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Pebblebrook Hotel Trust by 13.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,180,800 shares of the real estate investment trust’s stock worth $69,969,000 after purchasing an additional 711,042 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Pebblebrook Hotel Trust by 46.1% in the fourth quarter. Millennium Management LLC now owns 3,158,256 shares of the real estate investment trust’s stock valued at $35,751,000 after purchasing an additional 997,119 shares during the period. Woodline Partners LP boosted its stake in shares of Pebblebrook Hotel Trust by 114.6% in the third quarter. Woodline Partners LP now owns 3,150,890 shares of the real estate investment trust’s stock valued at $35,889,000 after purchasing an additional 1,682,855 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Pebblebrook Hotel Trust by 6.2% in the fourth quarter. Geode Capital Management LLC now owns 3,033,952 shares of the real estate investment trust’s stock valued at $34,350,000 after purchasing an additional 177,466 shares in the last quarter.

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.