Pebblebrook Hotel Trust (NYSE:PEB) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Pebblebrook Hotel Trust (NYSE:PEB) from a sell rating to a hold rating in a research note published on Tuesday morning.

Several other equities analysts have also issued reports on PEB. Wells Fargo & Company lowered their price target on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 18th. Wedbush lowered Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price target for the company. in a research report on Thursday, January 2nd. Stifel Nicolaus raised Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and lifted their price target for the stock from $14.75 to $15.00 in a research report on Friday, November 22nd. Compass Point raised Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Thursday, November 21st. Finally, Truist Financial lowered their price target on 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $14.17.

Pebblebrook Hotel Trust Stock Performance

Shares of Pebblebrook Hotel Trust stock opened at $11.52 on Tuesday. The business has a fifty day simple moving average of $13.20 and a two-hundred day simple moving average of $13.13. 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 firm has a market capitalization of $1.38 billion, a P/E ratio of -39.74, a P/E/G ratio of 0.60 and a beta of 1.85. Pebblebrook Hotel Trust has a 12 month low of $11.49 and a 12 month high of $16.61.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.01 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.35%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -13.79%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PEB. Centersquare Investment Management LLC grew its stake in shares of Pebblebrook Hotel Trust by 2,448.9% during the 4th quarter. Centersquare Investment Management LLC now owns 1,879,327 shares of the real estate investment trust’s stock valued at $25,465,000 after acquiring an additional 1,805,597 shares during the period. Alyeska Investment Group L.P. boosted its stake in Pebblebrook Hotel Trust by 43.3% in the 4th quarter. Alyeska Investment Group L.P. now owns 4,167,770 shares of the real estate investment trust’s stock worth $56,473,000 after purchasing an additional 1,260,077 shares during the period. Nuveen Asset Management LLC boosted its stake in Pebblebrook Hotel Trust by 82.3% in the 4th quarter. Nuveen Asset Management LLC now owns 2,345,333 shares of the real estate investment trust’s stock worth $31,779,000 after purchasing an additional 1,058,664 shares during the period. Cbre Investment Management Listed Real Assets LLC bought a new position in Pebblebrook Hotel Trust in the 4th quarter worth approximately $13,788,000. Finally, Landmark Investment Partners L.P. bought a new position in Pebblebrook Hotel Trust in the 4th quarter worth approximately $13,075,000.

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.