Pebblebrook Hotel Trust (NYSE:PEB) Hits New 1-Year Low – Here’s Why

Pebblebrook Hotel Trust (NYSE:PEB)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $11.56 and last traded at $11.60, with a volume of 352207 shares traded. The stock had previously closed at $11.79.

Analyst Ratings Changes

PEB has been the subject of a number of research analyst reports. Truist Financial reduced their target price on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. Wedbush cut shares of Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price target for the company. in a report on Thursday, January 2nd. Stifel Nicolaus raised Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and raised their target price for the stock from $14.75 to $15.00 in a research report on Friday, November 22nd. Robert W. Baird decreased their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Finally, Wells Fargo & Company lowered their price objective on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $14.17.

Pebblebrook Hotel Trust Price Performance

The firm has a market cap of $1.39 billion, a price-to-earnings ratio of -40.05, a P/E/G ratio of 0.60 and a beta of 1.85. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. The company has a 50 day moving average of $13.20 and a 200 day moving average of $13.13.

Pebblebrook Hotel Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date was Tuesday, December 31st. Pebblebrook Hotel Trust’s dividend payout ratio is presently -13.79%.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

A number of large investors have recently modified their holdings of the business. GF Fund Management CO. LTD. acquired a new stake in Pebblebrook Hotel Trust in the fourth quarter valued at $30,000. Quadrant Capital Group LLC lifted its stake in Pebblebrook Hotel Trust by 100.2% in the 4th quarter. Quadrant Capital Group LLC now owns 2,644 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 1,323 shares during the last quarter. Sterling Capital Management LLC grew its holdings in Pebblebrook Hotel Trust by 815.6% during the fourth quarter. Sterling Capital Management LLC now owns 3,763 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 3,352 shares during the period. Covestor Ltd increased its position in Pebblebrook Hotel Trust by 80.1% during the third quarter. Covestor Ltd now owns 4,471 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 1,989 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Pebblebrook Hotel Trust by 35.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,677 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 1,212 shares during the period.

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.