Fintel reports that on September 22, 2023, Truist Securities reiterated coverage of Pebblebrook Hotel Trust (NYSE:PEB) with a Hold recommendation.
Analyst Price Forecast Suggests 24.59% Upside
As of August 31, 2023, the average one-year price target for Pebblebrook Hotel Trust is 16.64. The forecasts range from a low of 11.11 to a high of $29.40. The average price target represents an increase of 24.59% from its latest reported closing price of 13.36.
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The projected annual revenue for Pebblebrook Hotel Trust is 1,529MM, an increase of 7.20%. The projected annual non-GAAP EPS is 0.13.
What is the Fund Sentiment?
There are 518 funds or institutions reporting positions in Pebblebrook Hotel Trust. This is a decrease of 84 owner(s) or 13.95% in the last quarter. Average portfolio weight of all funds dedicated to PEB is 0.12%, a decrease of 6.90%. Total shares owned by institutions decreased in the last three months by 6.30% to 177,862K shares. 
The put/call ratio of PEB is 1.13, indicating a bearish outlook.
What are Other Shareholders Doing?
Fuller & Thaler Asset Management holds 8,943K shares representing 7.42% ownership of the company. In it's prior filing, the firm reported owning 7,698K shares, representing an increase of 13.93%. The firm increased its portfolio allocation in PEB by 13.65% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 7,777K shares representing 6.45% ownership of the company. In it's prior filing, the firm reported owning 7,892K shares, representing a decrease of 1.48%. The firm decreased its portfolio allocation in PEB by 5.25% over the last quarter.
UBVLX - Undiscovered Managers Behavioral Value Fund Class L holds 7,314K shares representing 6.07% ownership of the company. In it's prior filing, the firm reported owning 6,280K shares, representing an increase of 14.13%. The firm increased its portfolio allocation in PEB by 16.69% over the last quarter.
Principal Financial Group holds 6,896K shares representing 5.72% ownership of the company. In it's prior filing, the firm reported owning 5,683K shares, representing an increase of 17.59%. The firm increased its portfolio allocation in PEB by 11.59% over the last quarter.
Earnest Partners holds 5,894K shares representing 4.89% ownership of the company. In it's prior filing, the firm reported owning 6,068K shares, representing a decrease of 2.94%. The firm decreased its portfolio allocation in PEB by 6.78% over the last quarter.
Pebblebrook Hotel Trust Background Information
(This description is provided by the company.)
Pebblebrook Hotel Trust is a publicly traded real estate investment trust organized in December 2009 to opportunistically acquire and invest in upper upscale, full service hotel and resort properties located in or near urban markets in major United States gateway cities.
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