Stifel Nicolaus Cuts Pebblebrook Hotel Trust (NYSE:PEB) Price Target to $13.25

Pebblebrook Hotel Trust (NYSE:PEB) had its price objective trimmed by Stifel Nicolaus from $16.50 to $13.25 in a research report released on Wednesday,Benzinga reports. The firm currently has a buy rating on the real estate investment trust’s stock.

Several other brokerages also recently commented on PEB. Truist Financial dropped their price objective on shares of Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating for the company in a research note on Tuesday, February 4th. Raymond James set a $14.00 price target on Pebblebrook Hotel Trust and gave the company an “outperform” rating in a research note on Thursday, February 27th. Compass Point downgraded Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and cut their price objective for the company from $17.00 to $15.00 in a report on Monday, March 10th. Wells Fargo & Company lowered their target price on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. Finally, Wedbush lowered Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price target on the stock. in a research note on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $13.61.

Pebblebrook Hotel Trust Stock Up 2.2 %

Shares of NYSE PEB opened at $8.69 on Wednesday. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -29.95, a PEG ratio of 0.60 and a beta of 1.69. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. Pebblebrook Hotel Trust has a 12 month low of $7.41 and a 12 month high of $16.06. The stock has a 50-day moving average price of $10.56 and a two-hundred day moving average price of $12.33.

Pebblebrook Hotel Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.01 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.46%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -9.30%.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Hedge funds have recently made changes to their positions in the stock. T. Rowe Price Investment Management Inc. boosted its holdings in Pebblebrook Hotel Trust by 8.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,713,156 shares of the real estate investment trust’s stock valued at $90,964,000 after acquiring an additional 525,991 shares during the last quarter. Earnest Partners LLC boosted its stake in shares of Pebblebrook Hotel Trust by 0.3% in the 4th quarter. Earnest Partners LLC now owns 4,936,306 shares of the real estate investment trust’s stock valued at $66,887,000 after purchasing an additional 13,479 shares during the last quarter. Alyeska Investment Group L.P. increased its position in shares of Pebblebrook Hotel Trust by 43.3% during the fourth quarter. Alyeska Investment Group L.P. now owns 4,167,770 shares of the real estate investment trust’s stock worth $56,473,000 after buying an additional 1,260,077 shares during the period. Geode Capital Management LLC increased its position in shares of Pebblebrook Hotel Trust by 1.0% during the third quarter. Geode Capital Management LLC now owns 3,043,473 shares of the real estate investment trust’s stock worth $40,272,000 after buying an additional 28,871 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in Pebblebrook Hotel Trust by 19.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,956,436 shares of the real estate investment trust’s stock worth $40,061,000 after buying an additional 481,076 shares during the last quarter.

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.