Pebblebrook Hotel Trust (NYSE:PEB) Given Consensus Rating of “Hold” by Analysts

Pebblebrook Hotel Trust (NYSE:PEB) has been assigned an average recommendation of “Hold” from the six analysts that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $14.58.

PEB has been the topic of a number of recent research reports. StockNews.com lowered shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Truist Financial reduced their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating on the stock in a research note on Monday, October 28th. Wells Fargo & Company raised their target price on shares of Pebblebrook Hotel Trust from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 26th. Compass Point upgraded Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 price target for the company in a report on Thursday, November 21st. Finally, Robert W. Baird decreased their price objective on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st.

Pebblebrook Hotel Trust Price Performance

Shares of NYSE:PEB opened at $14.58 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 0.81. The business’s fifty day moving average price is $12.95 and its two-hundred day moving average price is $13.23. The stock has a market cap of $1.75 billion, a PE ratio of -50.28, a price-to-earnings-growth ratio of 0.70 and a beta of 1.87. Pebblebrook Hotel Trust has a one year low of $11.65 and a one year high of $16.65.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.01 per share. The ex-dividend date was Monday, September 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.27%. Pebblebrook Hotel Trust’s payout ratio is -13.79%.

Insider Buying and Selling

In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz bought 13,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was purchased at an average price of $12.68 per share, with a total value of $164,840.00. Following the transaction, the chief executive officer now owns 1,395,284 shares in the company, valued at $17,692,201.12. This trade represents a 0.94 % increase in their ownership of the stock. The transaction 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 shares were sold at an average price of $21.37, for a total transaction 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 $28,834,199.08. The trade was a 0.81 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.

Institutional Trading of Pebblebrook Hotel Trust

Institutional investors have recently added to or reduced their stakes in the business. Covestor Ltd raised its stake in shares of Pebblebrook Hotel Trust by 80.1% during the third quarter. Covestor Ltd now owns 4,471 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 1,989 shares during the period. Quarry LP grew its holdings in Pebblebrook Hotel Trust by 2,376.9% during the 2nd 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake 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 buying an additional 1,212 shares during the period. FMR LLC lifted its holdings in Pebblebrook Hotel Trust by 10.8% in the 3rd quarter. FMR LLC now owns 9,069 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 884 shares in the last quarter. Finally, FORA Capital LLC purchased a new position in Pebblebrook Hotel Trust in the 3rd quarter valued at about $133,000.

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.