Wedbush Expects Lower Earnings for Pebblebrook Hotel Trust

Pebblebrook Hotel Trust (NYSE:PEB) – Equities researchers at Wedbush cut their FY2025 earnings estimates for Pebblebrook Hotel Trust in a report released on Tuesday, February 25th. Wedbush analyst R. Anderson now expects that the real estate investment trust will post earnings per share of $1.46 for the year, down from their previous forecast of $1.55. Wedbush has a “Underperform” rating and a $13.00 price objective on the stock. The consensus estimate for Pebblebrook Hotel Trust’s current full-year earnings is $1.50 per share.

A number of other equities research analysts have also weighed in on PEB. Truist Financial dropped their price target on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. Robert W. Baird decreased their price target on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Raymond James set a $14.00 price objective on shares of Pebblebrook Hotel Trust and gave the company an “outperform” rating in a report on Thursday. Stifel Nicolaus upgraded Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and raised their target price for the stock from $14.75 to $15.00 in a research note on Friday, November 22nd. Finally, StockNews.com upgraded Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $14.14.

Pebblebrook Hotel Trust Stock Up 2.1 %

Shares of PEB stock opened at $11.77 on Thursday. The stock’s fifty day moving average price is $13.11 and its 200 day moving average price is $13.11. Pebblebrook Hotel Trust has a 1-year low of $11.47 and a 1-year high of $16.61. The company has a market cap of $1.41 billion, a price-to-earnings ratio of -40.58, a price-to-earnings-growth ratio of 0.60 and a beta of 1.85. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Several large investors have recently bought and sold shares of the company. GF Fund Management CO. LTD. purchased a new stake in shares of Pebblebrook Hotel Trust during the fourth quarter worth approximately $30,000. Quadrant Capital Group LLC grew its holdings in shares of Pebblebrook Hotel Trust by 100.2% during the fourth quarter. Quadrant Capital Group LLC now owns 2,644 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 1,323 shares in the last quarter. Sterling Capital Management LLC raised its position in shares of Pebblebrook Hotel Trust by 815.6% in the fourth quarter. Sterling Capital Management LLC now owns 3,763 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 3,352 shares during the last quarter. Covestor Ltd raised its position in shares of Pebblebrook Hotel Trust by 80.1% in the third quarter. Covestor Ltd now owns 4,471 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 1,989 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Pebblebrook Hotel Trust by 35.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,677 shares of the real estate investment trust’s stock worth $63,000 after buying an additional 1,212 shares in the last quarter.

Pebblebrook Hotel Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.34%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is -13.79%.

Pebblebrook Hotel Trust Company Profile

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.