Pebblebrook Hotel Trust (PEB) Receives Consensus Recommendation of “Hold” from Analysts

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Pebblebrook Hotel Trust (NYSE:PEB) has been assigned an average recommendation of “Hold” from the eleven ratings firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $36.29.

PEB has been the subject of several research analyst reports. Barclays reiterated a “buy” rating and issued a $38.00 price objective on shares of Pebblebrook Hotel Trust in a research report on Sunday, December 23rd. ValuEngine upgraded Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research report on Thursday, January 10th. Zacks Investment Research upgraded Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 21st. Raymond James decreased their price objective on Pebblebrook Hotel Trust from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, December 21st. Finally, TheStreet lowered Pebblebrook Hotel Trust from a “b-” rating to a “c” rating in a research report on Wednesday, February 27th.

Shares of Pebblebrook Hotel Trust stock traded up $0.23 during trading on Friday, hitting $32.29. 34,846 shares of the company were exchanged, compared to its average volume of 1,251,074. The firm has a market capitalization of $4.21 billion, a P/E ratio of 11.85, a PEG ratio of 2.43 and a beta of 1.35. Pebblebrook Hotel Trust has a 1-year low of $26.59 and a 1-year high of $41.65. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.73.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its earnings results on Monday, February 25th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.23. The company had revenue of $235.64 million during the quarter, compared to analyst estimates of $207.53 million. Pebblebrook Hotel Trust had a return on equity of 0.64% and a net margin of 1.62%. The company’s revenue for the quarter was up 31.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.11 EPS. Research analysts anticipate that Pebblebrook Hotel Trust will post 2.64 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be given a $0.38 dividend. This is a positive change from Pebblebrook Hotel Trust’s previous quarterly dividend of $0.25. This represents a $1.52 annualized dividend and a dividend yield of 4.71%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in Pebblebrook Hotel Trust by 179.0% in the 4th quarter. BlackRock Inc. now owns 19,330,941 shares of the real estate investment trust’s stock valued at $547,260,000 after acquiring an additional 12,403,220 shares in the last quarter. Cohen & Steers Inc. lifted its stake in Pebblebrook Hotel Trust by 5.3% in the 4th quarter. Cohen & Steers Inc. now owns 10,928,694 shares of the real estate investment trust’s stock valued at $309,391,000 after acquiring an additional 549,948 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Pebblebrook Hotel Trust by 3.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,896,412 shares of the real estate investment trust’s stock valued at $138,618,000 after acquiring an additional 160,595 shares in the last quarter. Northern Trust Corp lifted its stake in Pebblebrook Hotel Trust by 178.8% in the 4th quarter. Northern Trust Corp now owns 4,598,665 shares of the real estate investment trust’s stock valued at $130,189,000 after acquiring an additional 2,949,076 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Pebblebrook Hotel Trust by 109.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,405,757 shares of the real estate investment trust’s stock valued at $68,107,000 after acquiring an additional 1,257,345 shares in the last quarter.

About Pebblebrook Hotel Trust

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 64 hotels, totaling approximately 15,400 guest rooms, located in 11 states and the District of Columbia, in the following markets: 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; Minneapolis, Minnesota; 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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