Pebblebrook Hotel Trust (NYSE:PEB) Sets New 12-Month Low – Here’s What Happened

Pebblebrook Hotel Trust (NYSE:PEB) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $7.69 and last traded at $7.82, with a volume of 137007 shares. The stock had previously closed at $8.43.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PEB. StockNews.com lowered Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, March 5th. Wedbush lowered shares of Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price target for the company. in a research report on Thursday, January 2nd. Raymond James set a $14.00 price objective on shares of Pebblebrook Hotel Trust and gave the company an “outperform” rating in a research report on Thursday, February 27th. Wells Fargo & Company decreased their target price on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 18th. Finally, Truist Financial cut their price target on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Pebblebrook Hotel Trust currently has an average rating of “Hold” and an average target price of $13.86.

Pebblebrook Hotel Trust Trading Down 3.0 %

The business’s 50 day moving average price is $11.29 and its two-hundred day moving average price is $12.61. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $923.05 million, a price-to-earnings ratio of -26.56, a price-to-earnings-growth ratio of 0.60 and a beta of 1.69.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.01 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.52%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is -9.30%.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC lifted its stake in Pebblebrook Hotel Trust by 10.8% during the third quarter. FMR LLC now owns 9,069 shares of the real estate investment trust’s stock valued at $120,000 after purchasing an additional 884 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of Pebblebrook Hotel Trust by 42.7% during the 3rd quarter. Captrust Financial Advisors now owns 29,413 shares of the real estate investment trust’s stock worth $389,000 after acquiring an additional 8,806 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of Pebblebrook Hotel Trust in the 3rd quarter worth $185,000. Stifel Financial Corp raised its position in shares of Pebblebrook Hotel Trust by 11.3% during the third quarter. Stifel Financial Corp now owns 25,302 shares of the real estate investment trust’s stock worth $335,000 after purchasing an additional 2,575 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its position in shares of Pebblebrook Hotel Trust by 0.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 191,009 shares of the real estate investment trust’s stock valued at $2,527,000 after purchasing an additional 1,402 shares during the period.

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.