Pebblebrook Hotel Trust (NYSE:PEB) Hits New 1-Year High – Still a Buy?

Shares of Pebblebrook Hotel Trust (NYSE:PEB) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $14.97 and last traded at $14.96, with a volume of 17116 shares traded. The stock had previously closed at $14.78.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. LADENBURG THALM/SH SH assumed coverage on shares of Pebblebrook Hotel Trust in a research report on Thursday, March 26th. They issued a “neutral” rating and a $14.00 price objective for the company. Wells Fargo & Company reduced their price objective on shares of Pebblebrook Hotel Trust from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 24th. Zacks Research downgraded shares of Pebblebrook Hotel Trust from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Truist Financial upped their price objective on shares of Pebblebrook Hotel Trust from $12.00 to $14.00 and gave the stock a “hold” rating in a research report on Tuesday, March 31st. Finally, Evercore set a $15.00 price objective on shares of Pebblebrook Hotel Trust in a research report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eight have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $13.65.

Pebblebrook Hotel Trust Stock Up 1.9%

The stock’s 50-day moving average price is $13.55 and its two-hundred day moving average price is $12.40. The stock has a market capitalization of $1.71 billion, a P/E ratio of -18.82, a P/E/G ratio of 1.37 and a beta of 1.44. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.82.

Pebblebrook Hotel Trust (NYSE:PEB) last released its earnings results 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. Pebblebrook Hotel Trust had a negative net margin of 4.18% and a negative return on equity of 2.41%. The firm had revenue of $345.66 million during the quarter, compared to the consensus estimate of $331.23 million. During the same period in the prior year, the firm earned $0.16 EPS. The company’s revenue was up 7.9% compared to the same quarter last year. Pebblebrook Hotel Trust has set its Q2 2026 guidance at 0.580-0.620 EPS. As a group, research analysts expect that Pebblebrook Hotel Trust will post 1.54 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Tuesday, March 31st. Pebblebrook Hotel Trust’s dividend payout ratio is currently -5.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Alyeska Investment Group L.P. grew its position in shares of Pebblebrook Hotel Trust by 11.1% during the 4th quarter. Alyeska Investment Group L.P. now owns 6,964,179 shares of the real estate investment trust’s stock valued at $78,835,000 after acquiring an additional 695,277 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Pebblebrook Hotel Trust by 13.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,180,800 shares of the real estate investment trust’s stock worth $69,969,000 after buying an additional 711,042 shares during the period. Millennium Management LLC boosted its holdings in Pebblebrook Hotel Trust by 46.1% in the 4th quarter. Millennium Management LLC now owns 3,158,256 shares of the real estate investment trust’s stock worth $35,751,000 after buying an additional 997,119 shares during the period. Woodline Partners LP boosted its holdings in Pebblebrook Hotel Trust by 114.6% in the 3rd quarter. Woodline Partners LP now owns 3,150,890 shares of the real estate investment trust’s stock worth $35,889,000 after buying an additional 1,682,855 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Pebblebrook Hotel Trust by 6.2% in the 4th quarter. Geode Capital Management LLC now owns 3,033,952 shares of the real estate investment trust’s stock worth $34,350,000 after buying an additional 177,466 shares during the period.

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.