Pebblebrook Hotel Trust (NYSE:PEB) Hits New 12-Month Low at $17.48

Pebblebrook Hotel Trust (NYSE:PEBGet Rating) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as $17.48 and last traded at $17.51, with a volume of 2386600 shares traded. The stock had previously closed at $17.92.

PEB has been the subject of several research analyst reports. Sumitomo Mitsui Financial Group assumed coverage on Pebblebrook Hotel Trust in a report on Wednesday, March 23rd. They issued an “outperform” rating and a $27.00 price objective for the company. assumed coverage on shares of Pebblebrook Hotel Trust in a research note on Thursday, March 31st. They set a “sell” rating for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to, Pebblebrook Hotel Trust presently has an average rating of “Hold” and a consensus target price of $25.83.

The company has a debt-to-equity ratio of 0.79, a current ratio of 0.57 and a quick ratio of 0.57. The company has a 50 day moving average price of $22.44 and a 200 day moving average price of $22.64. The firm has a market cap of $2.27 billion, a PE ratio of -10.34, a PEG ratio of 0.71 and a beta of 1.69.

Pebblebrook Hotel Trust (NYSE:PEBGet Rating) last announced its quarterly earnings data on Tuesday, April 26th. The real estate investment trust reported ($0.85) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.75). Pebblebrook Hotel Trust had a negative net margin of 18.05% and a negative return on equity of 5.16%. During the same quarter last year, the firm earned ($0.42) earnings per share. On average, equities analysts anticipate that Pebblebrook Hotel Trust will post 1.8 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be given a $0.01 dividend. The ex-dividend date is Wednesday, June 29th. This represents a $0.04 dividend on an annualized basis and a yield of 0.23%. Pebblebrook Hotel Trust’s payout ratio is currently -2.40%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Elequin Capital LP purchased a new stake in shares of Pebblebrook Hotel Trust in the first quarter valued at approximately $28,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Pebblebrook Hotel Trust in the fourth quarter valued at $27,000. Confluence Wealth Services Inc. purchased a new stake in shares of Pebblebrook Hotel Trust during the 4th quarter worth $27,000. Rockefeller Capital Management L.P. grew its stake in shares of Pebblebrook Hotel Trust by 845.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,239 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 1,108 shares during the period. Finally, Meeder Asset Management Inc. purchased a new position in shares of Pebblebrook Hotel Trust in the 1st quarter valued at about $38,000.

About Pebblebrook Hotel Trust (NYSE:PEB)

Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels in the United States. The Company owns 53 hotels, totaling approximately 13,200 guestrooms across 14 urban and resort markets, with a focus on the west coast gateway cities.

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