Pebblebrook Hotel Trust (NYSE:PEB) Receives $14.92 Consensus PT from Brokerages

Shares of Pebblebrook Hotel Trust (NYSE:PEB) have earned an average rating of “Hold” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $14.64.

A number of research firms have issued reports on PEB. Wedbush cut shares of Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price objective on the stock. in a research report on Thursday. StockNews.com downgraded Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Robert W. Baird dropped their price objective 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. Compass Point upgraded Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Thursday, November 21st. Finally, Truist Financial decreased their target price on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating for the company in a report on Monday, October 28th.

Pebblebrook Hotel Trust Price Performance

Shares of NYSE:PEB opened at $13.45 on Thursday. 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 stock has a market cap of $1.61 billion, a PE ratio of -46.38, a PEG ratio of 0.69 and a beta of 1.86. The company’s fifty day moving average is $13.44 and its 200 day moving average is $13.22. Pebblebrook Hotel Trust has a 52 week low of $11.65 and a 52 week high of $16.65.

Pebblebrook Hotel Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.01 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.30%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -13.79%.

Insider Buying and Selling

In other news, CEO Jon E. Bortz sold 11,000 shares of Pebblebrook Hotel Trust stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $21.37, for a total transaction of $235,070.00. Following the completion of the sale, the chief executive officer now directly owns 1,349,284 shares in the company, valued at approximately $28,834,199.08. This trade represents a 0.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jon E. Bortz bought 13,000 shares of the stock in a transaction dated Thursday, November 21st. The shares were bought at an average cost of $12.68 per share, with a total value 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. This trade represents a 0.94 % increase in their position. The disclosure for this purchase can be found here. 2.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp lifted its stake in Pebblebrook Hotel Trust by 7.1% in the second quarter. Van ECK Associates Corp now owns 18,270 shares of the real estate investment trust’s stock worth $251,000 after acquiring an additional 1,215 shares during the period. Victory Capital Management Inc. lifted its position in shares of Pebblebrook Hotel Trust by 166.1% in the 2nd quarter. Victory Capital Management Inc. now owns 80,444 shares of the real estate investment trust’s stock worth $1,106,000 after purchasing an additional 50,210 shares during the period. Choreo LLC bought a new position in shares of Pebblebrook Hotel Trust during the second quarter valued at approximately $603,000. DekaBank Deutsche Girozentrale increased its holdings in Pebblebrook Hotel Trust by 22.1% during the second quarter. DekaBank Deutsche Girozentrale now owns 35,379 shares of the real estate investment trust’s stock valued at $470,000 after buying an additional 6,393 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of Pebblebrook Hotel Trust by 2.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 580,423 shares of the real estate investment trust’s stock worth $7,981,000 after acquiring an additional 12,155 shares in the last quarter.

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.