Pebblebrook Hotel Trust (NYSE:PEB) Shares Gap Up – Should You Buy?

Pebblebrook Hotel Trust (NYSE:PEB)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $11.75, but opened at $12.55. Pebblebrook Hotel Trust shares last traded at $12.29, with a volume of 605,253 shares traded.

Analysts Set New Price Targets

PEB has been the topic of several research analyst reports. Raymond James set a $14.00 price objective on Pebblebrook Hotel Trust and gave the company an “outperform” rating in a report on Thursday. Wells Fargo & Company reduced their target price on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Robert W. Baird decreased their price target on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Truist Financial decreased their price target on shares of 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. Finally, Stifel Nicolaus raised Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and raised their price objective for the stock from $14.75 to $15.00 in a report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $14.14.

Pebblebrook Hotel Trust Trading Up 4.0 %

The stock has a market cap of $1.46 billion, a P/E ratio of -42.15, a PEG ratio of 0.60 and a beta of 1.85. The firm’s 50-day simple moving average is $13.11 and its 200 day simple moving average is $13.11. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78.

Pebblebrook Hotel Trust Announces Dividend

The company 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. This represents a $0.04 annualized dividend and a dividend yield of 0.33%. The ex-dividend date was Tuesday, December 31st. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is currently -13.79%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PEB. Nordea Investment Management AB raised its holdings in Pebblebrook Hotel Trust by 90.2% in the 4th quarter. Nordea Investment Management AB now owns 746,763 shares of the real estate investment trust’s stock worth $10,193,000 after acquiring an additional 354,116 shares during the period. Entropy Technologies LP lifted its holdings in shares of Pebblebrook Hotel Trust by 93.3% during the fourth quarter. Entropy Technologies LP now owns 54,880 shares of the real estate investment trust’s stock worth $744,000 after buying an additional 26,487 shares during the last quarter. Atom Investors LP acquired a new stake in shares of Pebblebrook Hotel Trust in the third quarter worth $1,363,000. GSA Capital Partners LLP increased its holdings in shares of Pebblebrook Hotel Trust by 47.4% during the 3rd quarter. GSA Capital Partners LLP now owns 223,654 shares of the real estate investment trust’s stock worth $2,959,000 after purchasing an additional 71,920 shares during the period. Finally, PEAK6 Investments LLC acquired a new position in Pebblebrook Hotel Trust in the third quarter worth about $884,000.

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.