Pebblebrook Hotel Trust (NYSE:PEB) Upgraded at Stifel Nicolaus

Stifel Nicolaus upgraded shares of Pebblebrook Hotel Trust (NYSE:PEB) from a hold rating to a buy rating in a research report sent to investors on Friday, Marketbeat reports. They currently have $15.00 target price on the real estate investment trust’s stock, up from their prior target price of $14.75.

A number of other research analysts have also recently weighed in on PEB. Wells Fargo & Company reduced their target price on Pebblebrook Hotel Trust from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Friday, September 13th. Compass Point raised Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Thursday. Robert W. Baird decreased their target price 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. Truist Financial cut their price target on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating on the stock in a report on Monday, October 28th. Finally, StockNews.com downgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $14.42.

Pebblebrook Hotel Trust Stock Up 3.9 %

Shares of PEB opened at $13.51 on Friday. Pebblebrook Hotel Trust has a fifty-two week low of $11.65 and a fifty-two week high of $16.65. The company’s fifty day moving average is $12.85 and its two-hundred day moving average is $13.28. The firm has a market cap of $1.62 billion, a PE ratio of -46.58, a price-to-earnings-growth ratio of 0.62 and a beta of 1.85. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78.

Pebblebrook Hotel Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.30%. The ex-dividend date was Monday, September 30th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is -13.79%.

Insider Activity

In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz bought 13,000 shares of the stock in a transaction dated Thursday, November 21st. The stock was bought at an average cost of $12.68 per share, for a total transaction of $164,840.00. Following the completion of the purchase, the chief executive officer now directly owns 1,395,284 shares of the company’s stock, valued at approximately $17,692,201.12. The trade was a 0.94 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jon E. Bortz sold 11,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $21.37, for a total value of $235,070.00. Following the completion of the transaction, the chief executive officer now owns 1,349,284 shares in the company, valued at approximately $28,834,199.08. This trade represents a 0.81 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Institutional investors and hedge funds have recently made changes to their positions in the business. ProShare Advisors LLC raised its holdings in 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 valued at $370,000 after acquiring an additional 1,661 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Pebblebrook Hotel Trust by 23.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 42,717 shares of the real estate investment trust’s stock worth $600,000 after purchasing an additional 8,020 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its stake in shares of Pebblebrook Hotel Trust by 6.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 249,445 shares of the real estate investment trust’s stock valued at $3,842,000 after purchasing an additional 15,231 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Pebblebrook Hotel Trust by 707.8% during the second quarter. Blue Trust Inc. now owns 11,116 shares of the real estate investment trust’s stock worth $153,000 after purchasing an additional 9,740 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in Pebblebrook Hotel Trust by 0.7% in the second 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.

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.