News articles about Pebblebrook Hotel (NYSE:PEB) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Pebblebrook Hotel earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 46.6081086368934 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- Hedge fund pushing for LaSalle Hotel sale (seekingalpha.com)
- HG Vora Capital urges LaSalle for sale after buying seven percent stake (reuters.com)
- Pebblebrook Hotel Trust (PEB) Proposes Share-for-Share Merger with LaSalle Hotel (LHO) (streetinsider.com)
- Is there hope yet for a LaSalle-Pebblebrook merger? (bizjournals.com)
- Lasalle Hotel Properties (LHO) Rejects Unsolicited Proposal from Pebblebrook Hotel Trust (PEB) (streetinsider.com)
Shares of NYSE PEB traded down $0.63 during trading on Monday, reaching $33.72. The company had a trading volume of 793,086 shares, compared to its average volume of 717,758. Pebblebrook Hotel has a 12-month low of $28.47 and a 12-month high of $39.74. The stock has a market cap of $2,369.87, a P/E ratio of 13.12, a P/E/G ratio of 2.69 and a beta of 1.21. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.56.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date is Wednesday, March 28th. Pebblebrook Hotel’s payout ratio is currently 59.14%.
A number of analysts recently weighed in on PEB shares. Boenning Scattergood restated a “hold” rating on shares of Pebblebrook Hotel in a research report on Monday, February 26th. Barclays restated a “buy” rating and issued a $39.00 target price on shares of Pebblebrook Hotel in a research report on Friday, December 15th. Robert W. Baird reiterated a “hold” rating and issued a $38.00 price objective on shares of Pebblebrook Hotel in a research report on Friday, January 12th. Stifel Nicolaus reiterated a “hold” rating and issued a $36.50 price objective on shares of Pebblebrook Hotel in a research report on Sunday, December 3rd. Finally, ValuEngine upgraded Pebblebrook Hotel from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 15th. Two analysts have rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $36.61.
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About Pebblebrook Hotel
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 6,972 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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