Pebblebrook Hotel Trust (NYSE:PEB) Stock Rating Lowered by Zacks Research

Pebblebrook Hotel Trust (NYSE:PEB) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

A number of other analysts have also recently issued reports on the company. Truist Financial boosted their price objective on Pebblebrook Hotel Trust from $9.00 to $11.00 and gave the company a “hold” rating in a research report on Thursday, September 11th. Stifel Nicolaus set a $13.50 price target on shares of Pebblebrook Hotel Trust in a research note on Thursday, November 6th. Cantor Fitzgerald initiated coverage on shares of Pebblebrook Hotel Trust in a report on Wednesday, October 1st. They issued a “neutral” rating and a $12.00 price target on the stock. Compass Point downgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $12.00 to $11.50 in a report on Monday, November 10th. Finally, Evercore ISI lifted their target price on shares of Pebblebrook Hotel Trust from $12.00 to $13.00 and gave the company an “in-line” rating in a research report on Thursday, September 18th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $11.70.

Pebblebrook Hotel Trust Stock Performance

Shares of NYSE:PEB traded up $0.10 on Monday, hitting $11.57. 104,539 shares of the company were exchanged, compared to its average volume of 2,285,109. The company’s 50 day moving average price is $11.01 and its two-hundred day moving average price is $10.49. Pebblebrook Hotel Trust has a one year low of $7.41 and a one year high of $15.12. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.31 and a current ratio of 1.31. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of -19.94 and a beta of 1.85.

Pebblebrook Hotel Trust (NYSE:PEB) last released its earnings results on Wednesday, November 5th. The real estate investment trust reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. Pebblebrook Hotel Trust had a negative net margin of 2.20% and a negative return on equity of 1.17%. The business had revenue of $398.72 million during the quarter, compared to analysts’ expectations of $396.80 million. During the same quarter last year, the company earned $0.59 earnings per share. The firm’s revenue was down 1.4% on a year-over-year basis. Pebblebrook Hotel Trust has set its FY 2025 guidance at 1.500-1.570 EPS. Q4 2025 guidance at 0.180-0.260 EPS. Research analysts expect that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. T. Rowe Price Investment Management Inc. grew its position in Pebblebrook Hotel Trust by 1.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 6,807,602 shares of the real estate investment trust’s stock worth $68,962,000 after acquiring an additional 94,446 shares during the last quarter. Alyeska Investment Group L.P. boosted its stake 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 worth $71,403,000 after purchasing an additional 2,259,389 shares in the last quarter. Earnest Partners LLC boosted its stake in Pebblebrook Hotel Trust by 2.4% in the first quarter. Earnest Partners LLC now owns 5,056,675 shares of the real estate investment trust’s stock worth $51,224,000 after purchasing an additional 120,369 shares in the last quarter. Woodline Partners LP grew its holdings in shares of Pebblebrook Hotel Trust by 114.6% during the third quarter. Woodline Partners LP now owns 3,150,890 shares of the real estate investment trust’s stock worth $35,889,000 after purchasing an additional 1,682,855 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Pebblebrook Hotel Trust by 2.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,556,288 shares of the real estate investment trust’s stock valued at $25,895,000 after buying an additional 51,537 shares in the last quarter.

Pebblebrook Hotel Trust Company Profile

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.