Pebblebrook Hotel Trust (NYSE:PEB) hit a new 52-week low on Thursday . The stock traded as low as $31.19 and last traded at $31.29, with a volume of 72223 shares changing hands. The stock had previously closed at $32.11.
Several brokerages have commented on PEB. Zacks Investment Research upgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Thursday, September 27th. Royal Bank of Canada restated a “buy” rating and issued a $40.00 price objective on shares of Pebblebrook Hotel Trust in a report on Wednesday, August 15th. ValuEngine upgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Finally, Robert W. Baird set a $38.00 price objective on shares of Pebblebrook Hotel Trust and gave the stock a “hold” rating in a report on Wednesday, October 10th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Pebblebrook Hotel Trust presently has a consensus rating of “Hold” and a consensus target price of $38.90.
The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market capitalization of $2.16 billion, a P/E ratio of 12.43, a price-to-earnings-growth ratio of 2.38 and a beta of 1.22.
Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings data on Wednesday, July 25th. The real estate investment trust reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.05. Pebblebrook Hotel Trust had a net margin of 15.71% and a return on equity of 7.99%. The business had revenue of $206.50 million during the quarter, compared to analyst estimates of $207.37 million. During the same period in the prior year, the business earned $0.75 EPS. The company’s revenue for the quarter was up .4% on a year-over-year basis. Equities analysts forecast that Pebblebrook Hotel Trust will post 2.63 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were issued a $0.38 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $1.52 annualized dividend and a yield of 4.76%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently 59.14%.
A number of hedge funds and other institutional investors have recently modified their holdings of PEB. Assetmark Inc. increased its stake in shares of Pebblebrook Hotel Trust by 278.2% in the 2nd quarter. Assetmark Inc. now owns 4,168 shares of the real estate investment trust’s stock worth $162,000 after acquiring an additional 3,066 shares in the last quarter. Integrated Investment Consultants LLC bought a new position in shares of Pebblebrook Hotel Trust in the 2nd quarter worth about $203,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Pebblebrook Hotel Trust in the 2nd quarter worth about $213,000. Sheaff Brock Investment Advisors LLC bought a new position in shares of Pebblebrook Hotel Trust in the 2nd quarter worth about $219,000. Finally, BB&T Corp bought a new position in shares of Pebblebrook Hotel Trust in the 2nd quarter worth about $222,000.
Pebblebrook Hotel Trust Company Profile (NYSE:PEB)
Pebblebrook Hotel Trust is a publicly traded real estate investment trust (REIT) organized to opportunistically acquire and invest primarily in upper upscale, full-service hotels located in urban markets in major gateway cities. The Company owns 28 hotels, with a total of 6,973 guest rooms. The Company owns hotels located in 9 states and the District of Columbia, including: Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Washington, DC; Coral Gables, Florida; Naples, Florida; Buckhead, Georgia; Boston, Massachusetts; Minneapolis, Minnesota; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.
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