Pebblebrook Hotel Trust (NYSE:PEB) Reaches New 1-Year High – Here’s What Happened

Pebblebrook Hotel Trust (NYSE:PEB) hit a new 52-week high during trading on Wednesday . The stock traded as high as $14.74 and last traded at $14.5750, with a volume of 511017 shares trading hands. The stock had previously closed at $14.32.

Analysts Set New Price Targets

A number of brokerages have issued reports on PEB. Stifel Nicolaus lifted their target price on shares of Pebblebrook Hotel Trust from $14.50 to $16.25 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Wall Street Zen raised Pebblebrook Hotel Trust from a “strong sell” rating to a “hold” rating in a report on Saturday, February 28th. BMO Capital Markets reissued a “market perform” rating and issued a $15.00 price target on shares of Pebblebrook Hotel Trust in a report on Monday. Cantor Fitzgerald boosted their price target on Pebblebrook Hotel Trust from $12.00 to $14.00 and gave the stock a “neutral” rating in a report on Tuesday, March 3rd. Finally, Wells Fargo & Company cut their price target on Pebblebrook Hotel Trust from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Tuesday, March 24th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $13.40.

Pebblebrook Hotel Trust Trading Up 2.0%

The business’s 50-day moving average price is $13.02 and its two-hundred day moving average price is $12.03. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of -18.25 and a beta of 1.44.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported ($0.26) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.05. The business had revenue of $345.66 million during the quarter, compared to analyst estimates of $331.23 million. Pebblebrook Hotel Trust had a negative net margin of 4.18% and a negative return on equity of 2.41%. The company’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.16 earnings per share. Pebblebrook Hotel Trust has set its Q2 2026 guidance at 0.580-0.620 EPS. Equities analysts expect that Pebblebrook Hotel Trust will post 1.54 earnings per share for the current year.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.3%. The ex-dividend date was Tuesday, March 31st. Pebblebrook Hotel Trust’s dividend payout ratio is presently -5.00%.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Institutional investors have recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. acquired a new position in Pebblebrook Hotel Trust in the first quarter valued at $34,000. Quadrant Capital Group LLC increased its position in Pebblebrook Hotel Trust by 32.8% during the fourth quarter. Quadrant Capital Group LLC now owns 3,220 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 796 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in Pebblebrook Hotel Trust during the fourth quarter worth approximately $38,000. Mirae Asset Global Investments Co. Ltd. increased its position in Pebblebrook Hotel Trust by 33.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,465 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 865 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its position in Pebblebrook Hotel Trust by 188.0% during the fourth quarter. Hantz Financial Services Inc. now owns 5,049 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 3,296 shares during the last quarter.

Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust (NYSE:PEB) is a real estate investment trust specializing in premium, high-barrier-to-entry hotel properties in gateway markets across the United States. Established in 2009, PEB focuses on lifestyle-oriented lodging assets that cater to business and leisure travelers seeking elevated experiences. The company’s investment strategy emphasizes select-service and full-service hotels with established brands and prime urban or resort locations.

PEB’s portfolio comprises more than 30 properties in major metropolitan areas including New York City, Los Angeles, Chicago, Miami and San Francisco.