Pebblebrook Hotel Trust (NYSE:PEB) Price Target Cut to $13.25 by Analysts at Stifel Nicolaus

Pebblebrook Hotel Trust (NYSE:PEB) had its target price cut by Stifel Nicolaus from $16.50 to $13.25 in a report issued on Wednesday morning,Benzinga reports. They currently have a buy rating on the real estate investment trust’s stock.

Several other brokerages have also weighed in on PEB. Wells Fargo & Company dropped their price objective on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. Wedbush lowered Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price target on the stock. in a report on Thursday, January 2nd. Truist Financial decreased their price objective on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. Raymond James set a $14.00 target price on Pebblebrook Hotel Trust and gave the stock an “outperform” rating in a report on Thursday, February 27th. Finally, Compass Point lowered shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and decreased their price target for the company from $17.00 to $15.00 in a research note on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $13.61.

Pebblebrook Hotel Trust Stock Performance

Shares of PEB stock opened at $8.69 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78. Pebblebrook Hotel Trust has a 52 week low of $7.41 and a 52 week high of $16.06. The firm has a 50 day moving average of $10.56 and a 200-day moving average of $12.33. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -29.95, a price-to-earnings-growth ratio of 0.60 and a beta of 1.69.

Pebblebrook Hotel Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date was Monday, March 31st. Pebblebrook Hotel Trust’s payout ratio is -9.30%.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in PEB. SG Americas Securities LLC bought a new position in shares of Pebblebrook Hotel Trust during the 1st quarter worth $510,000. GAMMA Investing LLC raised its position in shares of Pebblebrook Hotel Trust by 948.3% in the first quarter. GAMMA Investing LLC now owns 17,413 shares of the real estate investment trust’s stock valued at $1,719,000 after purchasing an additional 15,752 shares during the period. Palogic Value Management L.P. lifted its stake in shares of Pebblebrook Hotel Trust by 11.5% during the 4th quarter. Palogic Value Management L.P. now owns 194,000 shares of the real estate investment trust’s stock valued at $2,629,000 after buying an additional 20,000 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in Pebblebrook Hotel Trust in the 4th quarter worth approximately $8,993,000. Finally, GF Fund Management CO. LTD. purchased a new position in Pebblebrook Hotel Trust in the 4th quarter valued at approximately $30,000.

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels and resorts in the United States. The Company owns 47 hotels and resorts, totaling approximately 12,200 guest rooms across 13 urban and resort markets.