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

Pebblebrook Hotel Trust (NYSE:PEB) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $14.97 and last traded at $14.96, with a volume of 17116 shares trading hands. The stock had previously closed at $14.78.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PEB. Zacks Research downgraded shares of Pebblebrook Hotel Trust from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Cantor Fitzgerald upped their price objective on shares of Pebblebrook Hotel Trust from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Wells Fargo & Company decreased their price objective on shares of Pebblebrook Hotel Trust from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 24th. Evercore set a $15.00 target price on shares of Pebblebrook Hotel Trust in a report on Monday, April 27th. Finally, Barclays reduced their target price on shares of Pebblebrook Hotel Trust from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $13.90.

Pebblebrook Hotel Trust Stock Up 2.6%

The business’s fifty day moving average price is $13.69 and its 200 day moving average price is $12.47. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $1.76 billion, a PE ratio of -19.39, a PEG ratio of 1.40 and a beta of 1.44.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported ($0.26) EPS for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.05. Pebblebrook Hotel Trust had a negative net margin of 4.18% and a negative return on equity of 2.41%. The business had revenue of $345.66 million during the quarter, compared to analysts’ expectations of $331.23 million. During the same period in the prior year, the company earned $0.16 earnings per share. The business’s revenue was up 7.9% compared to the same quarter last year. Pebblebrook Hotel Trust has set its Q2 2026 guidance at 0.580-0.620 EPS. On average, equities research analysts forecast that Pebblebrook Hotel Trust will post 1.54 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Tuesday, March 31st. Pebblebrook Hotel Trust’s dividend payout ratio is presently -5.00%.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

A number of hedge funds have recently added to or reduced their stakes in PEB. Alyeska Investment Group L.P. lifted its position in Pebblebrook Hotel Trust by 56.4% in the third quarter. Alyeska Investment Group L.P. now owns 6,268,902 shares of the real estate investment trust’s stock valued at $71,403,000 after purchasing an additional 2,259,389 shares during the period. Millennium Management LLC lifted its position in Pebblebrook Hotel Trust by 2,584.8% in the third quarter. Millennium Management LLC now owns 2,161,137 shares of the real estate investment trust’s stock valued at $24,615,000 after purchasing an additional 2,080,641 shares during the period. Woodline Partners LP lifted its position in Pebblebrook Hotel Trust by 114.6% in the third quarter. Woodline Partners LP now owns 3,150,890 shares of the real estate investment trust’s stock valued at $35,889,000 after purchasing an additional 1,682,855 shares during the period. Schonfeld Strategic Advisors LLC lifted its position in Pebblebrook Hotel Trust by 684.1% in the third quarter. Schonfeld Strategic Advisors LLC now owns 1,576,228 shares of the real estate investment trust’s stock valued at $17,953,000 after purchasing an additional 1,375,207 shares during the period. Finally, MetLife Investment Management LLC lifted its position in Pebblebrook Hotel Trust by 1,736.3% in the fourth quarter. MetLife Investment Management LLC now owns 1,322,264 shares of the real estate investment trust’s stock valued at $14,968,000 after purchasing an additional 1,250,256 shares during the period.

Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust (NYSE:PEB) is a real estate investment trust specializing in premium, high-barrier-to-entry hotel properties in gateway markets across the United States. Established in 2009, PEB focuses on lifestyle-oriented lodging assets that cater to business and leisure travelers seeking elevated experiences. The company’s investment strategy emphasizes select-service and full-service hotels with established brands and prime urban or resort locations.

PEB’s portfolio comprises more than 30 properties in major metropolitan areas including New York City, Los Angeles, Chicago, Miami and San Francisco.