Pebblebrook Hotel Trust (NYSE:PEB) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Pebblebrook Hotel Trust (NYSE:PEB) have been assigned a consensus rating of “Hold” from the six research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $14.83.

Several research firms have recently commented on PEB. Compass Point raised shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Thursday, November 21st. StockNews.com lowered Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company boosted their target price on Pebblebrook Hotel Trust from $14.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Monday, December 9th. Robert W. Baird cut their price target on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Finally, Stifel Nicolaus raised Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $14.75 to $15.00 in a research note on Friday, November 22nd.

Insider Activity at Pebblebrook Hotel Trust

In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz bought 13,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were purchased at an average price of $12.68 per share, with a total value of $164,840.00. Following the completion of the purchase, the chief executive officer now owns 1,395,284 shares in the company, valued at $17,692,201.12. This represents a 0.94 % 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 sold 11,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $21.37, for a total value of $235,070.00. Following the sale, the chief executive officer now directly owns 1,349,284 shares of the company’s stock, valued at $28,834,199.08. This represents a 0.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by insiders.

Institutional Trading of Pebblebrook Hotel Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of PEB. Covestor Ltd increased its stake in Pebblebrook Hotel Trust by 80.1% in the 3rd quarter. Covestor Ltd now owns 4,471 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 1,989 shares during the period. Quarry LP boosted its holdings in shares of Pebblebrook Hotel Trust by 2,376.9% in the second quarter. Quarry LP now owns 4,508 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 4,326 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in Pebblebrook Hotel Trust by 35.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,677 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 1,212 shares during the period. FMR LLC increased its holdings in Pebblebrook Hotel Trust by 10.8% during the 3rd quarter. FMR LLC now owns 9,069 shares of the real estate investment trust’s stock worth $120,000 after purchasing an additional 884 shares during the period. Finally, FORA Capital LLC purchased a new stake in shares of Pebblebrook Hotel Trust in the 3rd quarter worth $133,000.

Pebblebrook Hotel Trust Stock Down 0.5 %

Shares of PEB opened at $13.93 on Monday. The business’s 50 day moving average is $13.74 and its 200 day moving average is $13.23. 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 has a 12-month low of $11.65 and a 12-month high of $16.65. The company has a market capitalization of $1.67 billion, a PE ratio of -48.02, a price-to-earnings-growth ratio of 0.67 and a beta of 1.86.

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 dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend was Tuesday, December 31st. Pebblebrook Hotel Trust’s dividend payout ratio is currently -13.79%.

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.