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

Pebblebrook Hotel Trust (NYSE:PEB) shares hit a new 52-week low during trading on Friday . The stock traded as low as $9.96 and last traded at $10.05, with a volume of 441343 shares traded. The stock had previously closed at $10.32.

Analyst Upgrades and Downgrades

PEB has been the topic of a number of research analyst reports. StockNews.com cut Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Wednesday, March 5th. Wedbush cut 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. Wells Fargo & Company reduced their price target on shares of 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. Compass Point cut shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $17.00 to $15.00 in a research report on Monday, March 10th. Finally, Raymond James set a $14.00 target price on shares of Pebblebrook Hotel Trust and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $13.86.

Pebblebrook Hotel Trust Stock Down 1.6 %

The firm’s 50 day moving average price is $12.14 and its 200-day moving average price is $12.87. 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 market cap of $1.22 billion, a P/E ratio of -35.01, a price-to-earnings-growth ratio of 0.60 and a beta of 1.87.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.39%. The ex-dividend date is Monday, March 31st. Pebblebrook Hotel Trust’s dividend payout ratio is -9.30%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Intech Investment Management LLC bought a new position in shares of Pebblebrook Hotel Trust during the 3rd quarter worth approximately $403,000. Charles Schwab Investment Management Inc. grew its position in Pebblebrook Hotel Trust by 5.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,418,159 shares of the real estate investment trust’s stock valued at $31,992,000 after purchasing an additional 130,265 shares in the last quarter. Cerity Partners LLC increased its stake in Pebblebrook Hotel Trust by 35.1% in the 3rd quarter. Cerity Partners LLC now owns 34,806 shares of the real estate investment trust’s stock valued at $460,000 after buying an additional 9,045 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in Pebblebrook Hotel Trust by 6.0% during the 3rd quarter. Daiwa Securities Group Inc. now owns 40,328 shares of the real estate investment trust’s stock worth $534,000 after buying an additional 2,278 shares in the last quarter. Finally, Quantbot Technologies LP boosted its stake in shares of Pebblebrook Hotel Trust by 47.9% during the 3rd quarter. Quantbot Technologies LP now owns 134,485 shares of the real estate investment trust’s stock worth $1,779,000 after buying an additional 43,539 shares during the last quarter.

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.