Pebblebrook Hotel Trust (NYSE:PEB) Receives Average Rating of “Reduce” from Analysts

Pebblebrook Hotel Trust (NYSE:PEB) has received a consensus rating of “Reduce” from the five research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $14.30.

Several research firms have recently issued reports on PEB. Truist Financial decreased their price target on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating for the company in a research note on Monday, October 28th. Wells Fargo & Company decreased their target price on Pebblebrook Hotel Trust from $15.00 to $13.00 and set an “equal weight” rating for the company in a research report on Friday, September 13th. StockNews.com cut shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. Finally, Robert W. Baird lowered their target price on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st.

Pebblebrook Hotel Trust Stock Down 0.9 %

Pebblebrook Hotel Trust stock opened at $12.74 on Wednesday. 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 capitalization of $1.52 billion, a P/E ratio of -43.93, a P/E/G ratio of 0.61 and a beta of 1.85. Pebblebrook Hotel Trust has a 1-year low of $11.39 and a 1-year high of $16.65. The firm’s fifty day simple moving average is $12.87 and its 200-day simple moving average is $13.40.

Pebblebrook Hotel Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.01 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.31%. Pebblebrook Hotel Trust’s payout ratio is -13.79%.

Institutional Trading of Pebblebrook Hotel Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Asset Management One Co. Ltd. lifted its stake in shares of Pebblebrook Hotel Trust by 0.5% in the third quarter. Asset Management One Co. Ltd. now owns 174,841 shares of the real estate investment trust’s stock valued at $2,313,000 after buying an additional 866 shares during the period. Atria Investments Inc raised its holdings in Pebblebrook Hotel Trust by 2.2% in the 3rd quarter. Atria Investments Inc now owns 40,897 shares of the real estate investment trust’s stock valued at $541,000 after acquiring an additional 889 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Pebblebrook Hotel Trust by 1.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 60,600 shares of the real estate investment trust’s stock worth $833,000 after acquiring an additional 900 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its holdings 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 worth $1,859,000 after purchasing an additional 916 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Pebblebrook Hotel Trust by 35.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,677 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 1,212 shares during the period.

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.