Pebblebrook Hotel Trust (NYSE:PEB) Lowered to Neutral Rating by Compass Point

Compass Point downgraded shares of Pebblebrook Hotel Trust (NYSE:PEB) from a buy rating to a neutral rating in a research report released on Monday, Marketbeat.com reports. Compass Point currently has $15.00 price objective on the real estate investment trust’s stock, down from their prior price objective of $17.00.

Several other analysts also recently commented on the company. Wedbush downgraded Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 target price on the stock. in a research note on Thursday, January 2nd. StockNews.com cut Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, March 5th. Wells Fargo & Company decreased their target price 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. Stifel Nicolaus raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and raised their price target for the company from $14.75 to $15.00 in a report on Friday, November 22nd. Finally, Raymond James set a $14.00 price objective on shares of Pebblebrook Hotel Trust and gave the company an “outperform” rating in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $13.86.

Pebblebrook Hotel Trust Trading Down 4.6 %

NYSE:PEB opened at $11.56 on Monday. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of -39.84, a PEG ratio of 0.60 and a beta of 1.87. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78. The company’s 50 day moving average price is $12.85 and its 200-day moving average price is $13.08. Pebblebrook Hotel Trust has a 52 week low of $11.47 and a 52 week high of $16.28.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date was Tuesday, December 31st. Pebblebrook Hotel Trust’s payout ratio is -9.30%.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. GF Fund Management CO. LTD. bought a new stake in Pebblebrook Hotel Trust during the fourth quarter valued at about $30,000. Quadrant Capital Group LLC lifted its position in shares of Pebblebrook Hotel Trust by 100.2% during the 4th quarter. Quadrant Capital Group LLC now owns 2,644 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 1,323 shares in the last quarter. Sterling Capital Management LLC grew its stake in shares of Pebblebrook Hotel Trust by 815.6% during the 4th quarter. Sterling Capital Management LLC now owns 3,763 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 3,352 shares during the period. Covestor Ltd increased its holdings 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 acquiring an additional 1,989 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Pebblebrook Hotel Trust during the 4th quarter worth approximately $99,000.

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.