Pebblebrook Hotel Trust (NYSE:PEB) Sets New 52-Week High – What’s Next?

Shares of Pebblebrook Hotel Trust (NYSE:PEB) reached a new 52-week high on Tuesday . The company traded as high as $19.63 and last traded at $19.6110, with a volume of 970162 shares trading hands. The stock had previously closed at $19.34.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PEB. Barclays lifted their price target on shares of Pebblebrook Hotel Trust from $9.00 to $13.00 and gave the stock an “underweight” rating in a research note on Monday, June 1st. BMO Capital Markets restated a “market perform” rating and set a $17.00 target price on shares of Pebblebrook Hotel Trust in a research report on Friday, June 12th. Cantor Fitzgerald upped their target price on Pebblebrook Hotel Trust from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Zacks Research upgraded Pebblebrook Hotel Trust from a “hold” rating to a “strong-buy” rating in a report on Monday, June 15th. Finally, Stifel Nicolaus boosted their price objective on Pebblebrook Hotel Trust from $18.00 to $20.25 and gave the company a “buy” rating in a report on Thursday, June 18th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, six have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $16.06.

Pebblebrook Hotel Trust Stock Up 0.3%

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 stock has a market cap of $2.11 billion, a P/E ratio of -23.30, a P/E/G ratio of 1.68 and a beta of 1.39. The company’s 50 day moving average price is $16.09 and its two-hundred day moving average price is $13.65.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.05. The company had revenue of $345.66 million for the quarter, compared to analysts’ expectations of $331.23 million. Pebblebrook Hotel Trust had a negative return on equity of 2.41% and a negative net margin of 4.18%.Pebblebrook Hotel Trust’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.16 earnings per share. Pebblebrook Hotel Trust has set its Q2 2026 guidance at 0.580-0.620 EPS. As a group, research analysts expect that Pebblebrook Hotel Trust will post 1.6 earnings per share for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Tuesday, June 30th. Pebblebrook Hotel Trust’s payout ratio is presently -5.00%.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Several institutional investors have recently bought and sold shares of PEB. Alyeska Investment Group L.P. increased its holdings in shares of Pebblebrook Hotel Trust by 56.4% in the 3rd 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 acquiring an additional 2,259,389 shares during the period. Millennium Management LLC grew its stake 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 last quarter. Woodline Partners LP lifted its position 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 valued at $35,889,000 after buying an additional 1,682,855 shares during the last quarter. Schonfeld Strategic Advisors LLC lifted its position in shares of Pebblebrook Hotel Trust by 684.1% during 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 buying an additional 1,375,207 shares during the last quarter. Finally, MetLife Investment Management LLC grew its position in shares of Pebblebrook Hotel Trust by 1,736.3% in the 4th quarter. MetLife Investment Management LLC now owns 1,322,264 shares of the real estate investment trust’s stock worth $14,968,000 after buying an additional 1,250,256 shares during the last quarter.

About Pebblebrook Hotel Trust

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.