Pebblebrook Hotel Trust (NYSE:PEB) Rating Lowered to Sell at StockNews.com

Pebblebrook Hotel Trust (NYSE:PEB) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

Separately, Wells Fargo & Company reduced their price target on shares of Pebblebrook Hotel Trust from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Friday, September 13th. Three investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $13.90.

Pebblebrook Hotel Trust Stock Performance

Shares of NYSE PEB opened at $12.49 on Tuesday. Pebblebrook Hotel Trust has a 12-month low of $11.39 and a 12-month high of $16.65. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.78. The company has a market cap of $1.51 billion, a PE ratio of -12.25, a P/E/G ratio of 0.59 and a beta of 1.84. The stock has a 50 day simple moving average of $12.99 and a 200-day simple moving average of $13.68.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.42). The business had revenue of $397.11 million for the quarter, compared to analyst estimates of $396.29 million. Pebblebrook Hotel Trust had a negative net margin of 6.75% and a negative return on equity of 3.40%. Pebblebrook Hotel Trust’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the business posted $0.62 earnings per share. On average, equities research analysts forecast that Pebblebrook Hotel Trust will post 1.52 EPS for the current year.

Insider Transactions at Pebblebrook Hotel Trust

In related news, CEO Jon E. Bortz bought 22,000 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were bought at an average cost of $12.21 per share, with a total value of $268,620.00. Following the completion of the transaction, the chief executive officer now directly owns 1,341,284 shares of the company’s stock, valued at approximately $16,377,077.64. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Jon E. Bortz acquired 22,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was purchased at an average price of $12.21 per share, with a total value of $268,620.00. Following the purchase, the chief executive officer now owns 1,341,284 shares of the company’s stock, valued at approximately $16,377,077.64. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jon E. Bortz acquired 66,000 shares of the stock in a transaction on Monday, August 5th. The shares were purchased at an average price of $11.98 per share, for a total transaction of $790,680.00. Following the completion of the transaction, the chief executive officer now owns 1,319,284 shares in the company, valued at approximately $15,805,022.32. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Hedge funds have recently bought and sold shares of the business. Louisiana State Employees Retirement System lifted its position in shares of Pebblebrook Hotel Trust by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 60,600 shares of the real estate investment trust’s stock worth $833,000 after purchasing an additional 900 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Pebblebrook Hotel Trust by 0.7% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 135,174 shares of the real estate investment trust’s stock valued at $1,859,000 after buying an additional 916 shares during the period. Van ECK Associates Corp grew its holdings in shares of Pebblebrook Hotel Trust by 7.1% during the 2nd quarter. Van ECK Associates Corp now owns 18,270 shares of the real estate investment trust’s stock valued at $251,000 after acquiring an additional 1,215 shares in the last quarter. Texas Permanent School Fund Corp grew its holdings in shares of Pebblebrook Hotel Trust by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 105,462 shares of the real estate investment trust’s stock valued at $1,625,000 after acquiring an additional 1,413 shares in the last quarter. Finally, ProShare Advisors LLC increased its stake in shares of Pebblebrook Hotel Trust by 7.4% in the first quarter. ProShare Advisors LLC now owns 24,014 shares of the real estate investment trust’s stock worth $370,000 after acquiring an additional 1,661 shares during the last quarter.

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.