Pebblebrook Hotel Trust (NYSE:PEB) Sets New 1-Year Low – What’s Next?

Pebblebrook Hotel Trust (NYSE:PEB)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $10.88 and last traded at $10.94, with a volume of 870346 shares. The stock had previously closed at $11.51.

Analysts Set New Price Targets

PEB has been the topic of several recent research reports. Compass Point lowered shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and lowered their price target for the company from $17.00 to $15.00 in a report on Monday. Stifel Nicolaus upgraded Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and upped their target price for the stock from $14.75 to $15.00 in a research note on Friday, November 22nd. Truist Financial reduced their price target on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. Raymond James set a $14.00 price objective on Pebblebrook Hotel Trust and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Finally, Wells Fargo & Company dropped their price objective on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $13.86.

Pebblebrook Hotel Trust Price Performance

The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $1.25 billion, a PE ratio of -35.98, a PEG ratio of 0.60 and a beta of 1.87. The stock has a 50-day moving average price of $12.74 and a 200 day moving average price of $13.05.

Pebblebrook Hotel Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.01 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.38%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is -9.30%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. GF Fund Management CO. LTD. purchased a new stake in Pebblebrook Hotel Trust during the 4th quarter worth approximately $30,000. Quadrant Capital Group LLC boosted its stake in shares of Pebblebrook Hotel Trust by 100.2% in the fourth quarter. Quadrant Capital Group LLC now owns 2,644 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 1,323 shares during the last quarter. Sterling Capital Management LLC increased its position in shares of 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 in the last quarter. Covestor Ltd increased its position in shares of 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 purchasing an additional 1,989 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Pebblebrook Hotel Trust in the 4th quarter valued at $99,000.

About Pebblebrook Hotel Trust

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.