Pebblebrook Hotel Trust (NYSE:PEB) Sets New 52-Week High – Still a Buy?

Pebblebrook Hotel Trust (NYSE:PEB) hit a new 52-week high during trading on Thursday. The stock traded as high as $21.26 and last traded at $21.14, with a volume of 3,809,216 shares. The stock had previously closed at $20.71.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PEB. Raymond James Financial boosted their target price on shares of Pebblebrook Hotel Trust from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Monday, September 28th. Cantor Fitzgerald lifted their target price on Pebblebrook Hotel Trust from $15.00 to $19.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Barclays decreased their price target on Pebblebrook Hotel Trust from $15.00 to $14.00 and set an “underweight” rating for the company in a research note on Thursday, August 27th. Zacks Research upgraded Pebblebrook Hotel Trust from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Finally, Morgan Stanley increased their target price on shares of Pebblebrook Hotel Trust from $14.00 to $15.00 and gave the company an “underweight” rating in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $17.73.

Pebblebrook Hotel Trust Stock Performance

The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $2.30 billion, a P/E ratio of 11.61, a price-to-earnings-growth ratio of 1.40 and a beta of 1.43. The company’s 50 day moving average is $18.67 and its 200-day moving average is $17.39.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.56. The business had revenue of $407.14 million for the quarter, compared to analysts’ expectations of $400.05 million. Pebblebrook Hotel Trust had a negative net margin of 3.11% and a negative return on equity of 1.83%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.65 EPS. Pebblebrook Hotel Trust has set its Q3 2026 guidance at 0.480-0.520 EPS and its FY 2026 guidance at 1.690-1.760 EPS. As a group, equities analysts anticipate that Pebblebrook Hotel Trust will post 1.72 EPS for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a dividend of $0.01 per share. The ex-dividend date was Wednesday, September 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -5.80%.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Several institutional investors and hedge funds have recently bought and sold shares of PEB. Arrowstreet Capital Limited Partnership boosted its position in Pebblebrook Hotel Trust by 51.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,154,627 shares of the real estate investment trust’s stock worth $27,213,000 after purchasing an additional 736,078 shares during the period. Legal & General Group Plc purchased a new stake in shares of Pebblebrook Hotel Trust in the second quarter worth about $36,905,000. Bank of New York Mellon Corp purchased a new stake in shares of Pebblebrook Hotel Trust in the second quarter worth about $18,729,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Pebblebrook Hotel Trust by 5.5% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 788,621 shares of the real estate investment trust’s stock valued at $15,307,000 after acquiring an additional 41,249 shares in the last quarter. Finally, Bamco Inc. NY bought a new stake in Pebblebrook Hotel Trust during the 2nd quarter worth approximately $12,115,000.

Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust (NYSE:PEB) is a publicly traded real estate investment trust that owns and invests in upscale, full-service hotels and resorts in the United States. The company focuses on acquiring, developing, and repositioning lodging properties in major urban and resort destinations.

Its portfolio includes hotels operating under a variety of national, regional, and independent brands. Pebblebrook generally owns the underlying real estate while hotels are operated through management agreements, providing lodging accommodations, food and beverage services, meeting and event facilities, and other guest amenities.

Founded in 2009, Pebblebrook Hotel Trust has emphasized properties in markets with strong tourism, business travel, and cultural or recreational appeal.