Pebblebrook Hotel Trust (NYSE:PEB) Rating Increased to Buy at Truist Financial

Pebblebrook Hotel Trust (NYSE:PEB) was upgraded by research analysts at Truist Financial from a “hold” rating to a “buy” rating in a research note issued on Wednesday, Marketbeat.com reports. The firm presently has a $17.00 target price on the real estate investment trust’s stock. Truist Financial’s price target points to a potential upside of 12.36% from the company’s previous close.

Several other analysts have also commented on the company. Weiss Ratings raised Pebblebrook Hotel Trust from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, April 29th. Cantor Fitzgerald upped their price objective on Pebblebrook Hotel Trust from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Stifel Nicolaus raised their price objective on shares of Pebblebrook Hotel Trust from $14.50 to $16.25 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. LADENBURG THALM/SH SH started coverage on shares of Pebblebrook Hotel Trust in a report on Thursday, March 26th. They set a “neutral” rating and a $14.00 target price for the company. Finally, Morgan Stanley boosted their target price on shares of Pebblebrook Hotel Trust from $10.00 to $12.00 and gave the company an “underweight” rating in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $13.90.

Pebblebrook Hotel Trust Trading Up 2.4%

NYSE PEB opened at $15.13 on Wednesday. Pebblebrook Hotel Trust has a 1 year low of $8.80 and a 1 year high of $15.16. 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 company has a market capitalization of $1.72 billion, a PE ratio of -18.91, a P/E/G ratio of 1.37 and a beta of 1.44. The company has a fifty day moving average of $13.62 and a 200 day moving average of $12.43.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported ($0.26) earnings per share for the quarter, topping the consensus estimate of ($0.31) by $0.05. The company had revenue of $345.66 million for the quarter, compared to the consensus estimate of $331.23 million. Pebblebrook Hotel Trust had a negative return on equity of 2.41% and a negative net margin of 4.18%.The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the firm earned $0.16 EPS. Pebblebrook Hotel Trust has set its Q2 2026 guidance at 0.580-0.620 EPS. Research analysts forecast that Pebblebrook Hotel Trust will post 1.54 earnings per share for the current year.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

A number of large investors have recently bought and sold shares of PEB. AQR Capital Management LLC raised its holdings in Pebblebrook Hotel Trust by 174.6% in the 1st quarter. AQR Capital Management LLC now owns 93,371 shares of the real estate investment trust’s stock worth $941,000 after purchasing an additional 59,367 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Pebblebrook Hotel Trust by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,002 shares of the real estate investment trust’s stock worth $719,000 after purchasing an additional 3,075 shares during the period. Caxton Associates LLP acquired a new position in Pebblebrook Hotel Trust in the 1st quarter worth about $310,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Pebblebrook Hotel Trust by 8.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 659,945 shares of the real estate investment trust’s stock worth $6,685,000 after purchasing an additional 48,640 shares during the period. Finally, Creative Planning acquired a new position in Pebblebrook Hotel Trust in the 2nd quarter worth about $176,000.

About Pebblebrook Hotel Trust

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.