Capital One Financial cut shares of Pebblebrook Hotel Trust (NYSE:PEB) from an overweight rating to an equal weight rating in a report issued on Monday, BenzingaRatingsTable reports. Capital One Financial currently has $30.00 price target on the real estate investment trust’s stock. Capital One Financial also issued estimates for Pebblebrook Hotel Trust’s Q1 2020 earnings at $0.40 EPS, Q2 2020 earnings at $0.84 EPS, Q4 2020 earnings at $0.45 EPS, FY2020 earnings at $2.42 EPS, Q2 2021 earnings at $0.83 EPS and Q4 2021 earnings at $0.44 EPS.

Other equities analysts also recently issued research reports about the stock. Raymond James downgraded shares of Pebblebrook Hotel Trust from an outperform rating to a market perform rating and set a $30.00 price objective on the stock. in a report on Tuesday, January 7th. BMO Capital Markets reissued a hold rating and issued a $28.00 price objective on shares of Pebblebrook Hotel Trust in a report on Monday, October 28th. Barclays downgraded shares of Pebblebrook Hotel Trust from an overweight rating to an underweight rating and dropped their price objective for the stock from $32.00 to $26.00 in a report on Monday, November 11th. Wells Fargo & Co dropped their price objective on shares of Pebblebrook Hotel Trust from $28.00 to $27.00 and set a market perform rating on the stock in a report on Friday, October 18th. Finally, Zacks Investment Research downgraded shares of Pebblebrook Hotel Trust from a hold rating to a sell rating in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. Pebblebrook Hotel Trust currently has a consensus rating of Hold and an average price target of $31.18.

NYSE:PEB opened at $25.54 on Monday. The firm has a market cap of $3.34 billion, a P/E ratio of 10.41 and a beta of 1.31. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.24 and a current ratio of 0.24. Pebblebrook Hotel Trust has a fifty-two week low of $24.51 and a fifty-two week high of $34.35. The firm has a 50-day simple moving average of $26.41 and a two-hundred day simple moving average of $26.87.

Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.24). Pebblebrook Hotel Trust had a negative net margin of 0.21% and a positive return on equity of 0.16%. The firm had revenue of $423.55 million for the quarter, compared to the consensus estimate of $422.61 million. During the same quarter in the prior year, the business posted $0.37 earnings per share. The firm’s revenue for the quarter was up 106.1% compared to the same quarter last year. On average, equities research analysts predict that Pebblebrook Hotel Trust will post 2.59 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 5.95%. The ex-dividend date is Monday, December 30th. Pebblebrook Hotel Trust’s dividend payout ratio is currently 62.04%.

Large investors have recently modified their holdings of the business. Bartlett & Co. LLC purchased a new position in Pebblebrook Hotel Trust during the third quarter valued at approximately $26,000. Harvest Fund Management Co. Ltd lifted its holdings in shares of Pebblebrook Hotel Trust by 266.7% in the second quarter. Harvest Fund Management Co. Ltd now owns 1,100 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 800 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Pebblebrook Hotel Trust by 35.5% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,220 shares of the real estate investment trust’s stock worth $91,000 after buying an additional 844 shares in the last quarter. Zeke Capital Advisors LLC lifted its holdings in shares of Pebblebrook Hotel Trust by 24.4% in the third quarter. Zeke Capital Advisors LLC now owns 9,475 shares of the real estate investment trust’s stock worth $264,000 after buying an additional 1,861 shares in the last quarter. Finally, Lido Advisors LLC lifted its holdings in shares of Pebblebrook Hotel Trust by 4.9% in the second quarter. Lido Advisors LLC now owns 10,914 shares of the real estate investment trust’s stock worth $311,000 after buying an additional 505 shares in the last quarter.

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 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.

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Analyst Recommendations for Pebblebrook Hotel Trust (NYSE:PEB)

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