Pebblebrook Hotel Trust (NYSE:PEB) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Pebblebrook Hotel Trust (NYSE:PEB) have been given a consensus recommendation of “Hold” by the fourteen brokerages that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $35.64.

A number of equities analysts recently commented on PEB shares. BTIG Research decreased their price objective on shares of Host Hotels and Resorts from $24.00 to $20.50 and set a “buy” rating for the company in a research note on Thursday, June 27th. They noted that the move was a valuation call. SunTrust Banks reaffirmed a “hold” rating on shares of Tripadvisor in a research note on Monday, May 6th. Bank of America reaffirmed an “underperform” rating and issued a $44.00 price objective (down previously from $46.00) on shares of Stericycle in a research note on Wednesday. Zacks Investment Research lowered shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Citigroup lowered shares of OIL SEARCH LTD/ADR from a “neutral” rating to a “sell” rating in a research note on Thursday, March 28th.

Pebblebrook Hotel Trust stock traded down $0.14 during midday trading on Friday, reaching $26.78. The stock had a trading volume of 1,166,206 shares, compared to its average volume of 951,191. The firm has a fifty day moving average of $28.02. Pebblebrook Hotel Trust has a twelve month low of $26.51 and a twelve month high of $39.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market cap of $3.52 billion, a price-to-earnings ratio of 10.93, a price-to-earnings-growth ratio of 2.03 and a beta of 1.34.



Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. Pebblebrook Hotel Trust had a negative net margin of 0.53% and a negative return on equity of 0.20%. The firm had revenue of $267.20 million during the quarter, compared to analyst estimates of $358.66 million. During the same quarter last year, the business posted $0.67 EPS. The company’s revenue was up 47.5% on a year-over-year basis. As a group, research analysts predict that Pebblebrook Hotel Trust will post 2.66 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.68%. The ex-dividend date of this dividend was Thursday, June 27th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is currently 62.04%.

Several large investors have recently modified their holdings of PEB. Prudential Financial Inc. lifted its stake in shares of Pebblebrook Hotel Trust by 500.6% during the 4th quarter. Prudential Financial Inc. now owns 87,495 shares of the real estate investment trust’s stock worth $2,477,000 after purchasing an additional 72,926 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Pebblebrook Hotel Trust by 20.1% during the 4th quarter. First Trust Advisors LP now owns 68,071 shares of the real estate investment trust’s stock worth $1,927,000 after purchasing an additional 11,374 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Pebblebrook Hotel Trust by 119.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,574 shares of the real estate investment trust’s stock worth $72,000 after purchasing an additional 1,399 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Pebblebrook Hotel Trust by 64.3% during the 4th quarter. Bank of New York Mellon Corp now owns 1,788,098 shares of the real estate investment trust’s stock worth $50,622,000 after purchasing an additional 699,721 shares during the last quarter. Finally, Raymond James & Associates lifted its stake in shares of Pebblebrook Hotel Trust by 9.5% during the 4th quarter. Raymond James & Associates now owns 54,355 shares of the real estate investment trust’s stock worth $1,539,000 after purchasing an additional 4,704 shares during the last quarter.

About Pebblebrook Hotel Trust

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 61 hotels, totaling approximately 14,600 guest rooms, located in 10 states and the District of Columbia, including: Del Mar, California; Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Santa Cruz, California; Washington, DC; Coral Gables, Florida; Key West, Florida; Naples, Florida; Buckhead, Georgia; Chicago, Illinois; Boston, Massachusetts; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.

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Analyst Recommendations for Pebblebrook Hotel Trust (NYSE:PEB)

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