Pebblebrook Hotel Trust (NYSE:PEB) Shares Gap Down – Here’s What Happened

Pebblebrook Hotel Trust (NYSE:PEB)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $11.57, but opened at $11.04. Pebblebrook Hotel Trust shares last traded at $11.3590, with a volume of 97,562 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Stifel Nicolaus set a $13.50 price objective on shares of Pebblebrook Hotel Trust in a research report on Thursday, November 6th. Morgan Stanley set a $9.00 price target on shares of Pebblebrook Hotel Trust in a research report on Wednesday, October 22nd. Compass Point downgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $12.00 to $11.50 in a research note on Monday, November 10th. Wells Fargo & Company lifted their target price on Pebblebrook Hotel Trust from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Monday, December 1st. Finally, Barclays started coverage on Pebblebrook Hotel Trust in a report on Tuesday. They issued an “underweight” rating and a $10.00 target price for the company. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Pebblebrook Hotel Trust has an average rating of “Reduce” and an average price target of $11.73.

Pebblebrook Hotel Trust Stock Up 2.8%

The business has a 50-day simple moving average of $11.17 and a two-hundred day simple moving average of $10.88. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of -10.03 and a beta of 1.53. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.13 and a current ratio of 1.13.

Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings results on Wednesday, November 5th. The real estate investment trust reported $0.51 EPS for the quarter, topping the consensus estimate of $0.50 by $0.01. Pebblebrook Hotel Trust had a negative return on equity of 4.02% and a negative net margin of 7.45%.The business had revenue of $398.72 million during the quarter, compared to analysts’ expectations of $396.80 million. During the same quarter in the prior year, the business earned $0.59 earnings per share. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. Pebblebrook Hotel Trust has set its FY 2025 guidance at 1.500-1.570 EPS and its Q4 2025 guidance at 0.180-0.260 EPS. As a group, equities analysts predict that Pebblebrook Hotel Trust will post 1.5 EPS for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. Pebblebrook Hotel Trust’s payout ratio is presently -3.36%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. boosted its holdings in Pebblebrook Hotel Trust by 122.1% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 2,514 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 1,382 shares in the last quarter. Hilltop National Bank purchased a new stake in shares of Pebblebrook Hotel Trust in the second quarter valued at approximately $44,000. PNC Financial Services Group Inc. boosted its stake in shares of Pebblebrook Hotel Trust by 115.2% in the second quarter. PNC Financial Services Group Inc. now owns 4,683 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 2,507 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Pebblebrook Hotel Trust during the third quarter worth $77,000. Finally, AdvisorShares Investments LLC raised its position in Pebblebrook Hotel Trust by 52.4% in the second quarter. AdvisorShares Investments LLC now owns 7,621 shares of the real estate investment trust’s stock worth $76,000 after acquiring an additional 2,621 shares in the last quarter.

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.