Pebblebrook Hotel Trust (NYSE:PEB) Lowered to “Sell” Rating by Compass Point

Compass Point cut shares of Pebblebrook Hotel Trust (NYSE:PEB) from a neutral rating to a sell rating in a research report released on Monday morning, Marketbeat Ratings reports. They currently have $11.50 price target on the real estate investment trust’s stock.

Several other research analysts have also commented on PEB. Wells Fargo & Company upgraded shares of Pebblebrook Hotel Trust to a “hold” rating in a report on Friday, October 3rd. Morgan Stanley set a $9.00 price objective on shares of Pebblebrook Hotel Trust in a research report on Wednesday, October 22nd. Stifel Nicolaus set a $13.50 target price on shares of Pebblebrook Hotel Trust in a research note on Thursday. Zacks Research upgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. Finally, Robert W. Baird increased their price target on Pebblebrook Hotel Trust from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $11.70.

Pebblebrook Hotel Trust Trading Up 2.2%

Shares of PEB opened at $11.55 on Monday. Pebblebrook Hotel Trust has a twelve month low of $7.41 and a twelve month high of $15.12. The firm has a market capitalization of $1.31 billion, a P/E ratio of -19.91 and a beta of 1.85. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.82. The stock’s fifty day simple moving average is $11.13 and its 200 day simple moving average is $10.34.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its quarterly earnings results on Wednesday, November 5th. The real estate investment trust reported $0.51 EPS for the quarter, topping the consensus estimate of $0.50 by $0.01. The company had revenue of $398.72 million during the quarter, compared to analyst estimates of $396.80 million. Pebblebrook Hotel Trust had a negative return on equity of 1.17% and a negative net margin of 2.20%.The firm’s revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.59 earnings per share. Pebblebrook Hotel Trust has set its FY 2025 guidance at 1.500-1.570 EPS. Q4 2025 guidance at 0.180-0.260 EPS. On average, equities research analysts forecast that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current year.

Pebblebrook Hotel Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Tuesday, September 30th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -3.36%.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

A number of institutional investors have recently added to or reduced their stakes in PEB. Harbor Capital Advisors Inc. grew its stake in shares of Pebblebrook Hotel Trust by 122.1% during the second quarter. Harbor Capital Advisors Inc. now owns 2,514 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 1,382 shares in the last quarter. CWM LLC boosted its holdings in Pebblebrook Hotel Trust by 324.2% in the first quarter. CWM LLC now owns 3,071 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 2,347 shares during the last quarter. Hilltop National Bank purchased a new position in Pebblebrook Hotel Trust in the second quarter valued at about $44,000. PNC Financial Services Group Inc. grew its stake in Pebblebrook Hotel Trust by 115.2% during the 2nd 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, AdvisorShares Investments LLC increased its holdings in Pebblebrook Hotel Trust by 52.4% during the 2nd quarter. AdvisorShares Investments LLC now owns 7,621 shares of the real estate investment trust’s stock worth $76,000 after purchasing an additional 2,621 shares during the last quarter.

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels and resorts in the United States. The Company owns 47 hotels and resorts, totaling approximately 12,200 guest rooms across 13 urban and resort markets.