Robert W. Baird reaffirmed their hold rating on shares of Pebblebrook Hotel Trust (NYSE:PEB) in a report released on Friday morning. They currently have a $38.00 target price on the real estate investment trust’s stock.
A number of other research analysts also recently issued reports on the stock. BTIG Research raised shares of Pebblebrook Hotel Trust from a neutral rating to a buy rating and set a $40.00 price objective on the stock in a research report on Friday, September 22nd. Barclays lifted their price objective on shares of Pebblebrook Hotel Trust from $36.00 to $37.00 and gave the stock an overweight rating in a research report on Wednesday, October 25th. Royal Bank of Canada reaffirmed a buy rating and issued a $35.00 price objective on shares of Pebblebrook Hotel Trust in a research report on Wednesday, October 25th. Stifel Nicolaus reaffirmed a hold rating and issued a $34.50 price objective (up previously from $31.50) on shares of Pebblebrook Hotel Trust in a research report on Tuesday, October 24th. Finally, Boenning Scattergood reaffirmed a hold rating on shares of Pebblebrook Hotel Trust in a research report on Wednesday, October 25th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $36.72.
Shares of Pebblebrook Hotel Trust (PEB) traded down $0.07 during trading on Friday, hitting $37.97. 514,700 shares of the stock were exchanged, compared to its average volume of 482,356. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.31 and a current ratio of 0.31. Pebblebrook Hotel Trust has a 52-week low of $26.21 and a 52-week high of $38.96. The stock has a market cap of $2,618.01, a P/E ratio of 29.43, a P/E/G ratio of 1.53 and a beta of 1.23.
Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings data on Monday, October 23rd. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.49. Pebblebrook Hotel Trust had a net margin of 12.98% and a return on equity of 6.63%. The firm had revenue of $201.80 million for the quarter, compared to the consensus estimate of $198.11 million. During the same quarter in the previous year, the firm earned ($0.61) EPS. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. equities research analysts expect that Pebblebrook Hotel Trust will post 2.51 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date was Thursday, December 28th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently 117.83%.
A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Pebblebrook Hotel Trust by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 11,287,224 shares of the real estate investment trust’s stock worth $363,900,000 after purchasing an additional 38,873 shares in the last quarter. State Street Corp boosted its stake in Pebblebrook Hotel Trust by 0.8% in the 2nd quarter. State Street Corp now owns 2,386,186 shares of the real estate investment trust’s stock worth $76,928,000 after purchasing an additional 19,242 shares in the last quarter. Northern Trust Corp boosted its stake in Pebblebrook Hotel Trust by 1.1% in the 2nd quarter. Northern Trust Corp now owns 1,576,019 shares of the real estate investment trust’s stock worth $50,811,000 after purchasing an additional 17,759 shares in the last quarter. Macquarie Group Ltd. boosted its stake in Pebblebrook Hotel Trust by 6.8% in the 3rd quarter. Macquarie Group Ltd. now owns 1,173,896 shares of the real estate investment trust’s stock worth $42,424,000 after purchasing an additional 74,849 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Pebblebrook Hotel Trust by 3.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,096,033 shares of the real estate investment trust’s stock valued at $39,610,000 after acquiring an additional 36,357 shares during the period.
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About Pebblebrook Hotel Trust
Pebblebrook Hotel Trust is an internally managed hotel investment company. The Company is a real estate investment trust (REIT) that acquires and invests in hotel properties located primarily in cities of the United States. As of December 31, 2016, the Company owned 29 hotels with a total of 7,219 guest rooms.
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