Pebblebrook Hotel Trust (NYSE:PEB) Receives $14.30 Average Price Target from Analysts

Shares of Pebblebrook Hotel Trust (NYSE:PEB) have received a consensus rating of “Reduce” from the five brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $14.30.

A number of research analysts have recently issued reports on the company. StockNews.com downgraded Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Wells Fargo & Company lowered their price target 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. Robert W. Baird lowered their price target 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. Finally, Truist Financial lowered their target price on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating on the stock in a report on Monday, October 28th.

Pebblebrook Hotel Trust Trading Down 0.8 %

Shares of NYSE:PEB opened at $12.19 on Wednesday. The company has a market cap of $1.46 billion, a P/E ratio of -41.62, a PEG ratio of 0.60 and a beta of 1.85. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81. Pebblebrook Hotel Trust has a 1 year low of $11.65 and a 1 year high of $16.65. The stock’s fifty day moving average price is $12.85 and its 200-day moving average price is $13.37.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend was Monday, September 30th. Pebblebrook Hotel Trust’s dividend payout ratio is currently -13.79%.

Insider Buying and Selling at Pebblebrook Hotel Trust

In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz sold 11,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 1,349,284 shares in the company, valued at $28,834,199.08. This trade represents a 0.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Several institutional investors have recently modified their holdings of the stock. Earnest Partners LLC lifted its stake in shares of Pebblebrook Hotel Trust by 1.0% in the 2nd quarter. Earnest Partners LLC now owns 5,036,155 shares of the real estate investment trust’s stock valued at $69,247,000 after purchasing an additional 51,677 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Pebblebrook Hotel Trust by 5.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,418,159 shares of the real estate investment trust’s stock valued at $31,992,000 after purchasing an additional 130,265 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its stake in shares of Pebblebrook Hotel Trust by 38.1% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,963,388 shares of the real estate investment trust’s stock valued at $26,997,000 after purchasing an additional 541,573 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Pebblebrook Hotel Trust by 68.1% in the 2nd quarter. Bank of Montreal Can now owns 1,875,288 shares of the real estate investment trust’s stock valued at $25,841,000 after purchasing an additional 759,964 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Pebblebrook Hotel Trust by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,747,195 shares of the real estate investment trust’s stock valued at $24,023,000 after purchasing an additional 41,659 shares during 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.