Wells Fargo & Company Forecasts Strong Price Appreciation for Pebblebrook Hotel Trust (NYSE:PEB) Stock

Pebblebrook Hotel Trust (NYSE:PEB) had its target price upped by investment analysts at Wells Fargo & Company from $14.00 to $16.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 7.17% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Robert W. Baird cut their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Stifel Nicolaus upgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and raised their price target for the stock from $14.75 to $15.00 in a report on Friday, November 22nd. Truist Financial reduced 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 research report on Monday, October 28th. Compass Point upgraded Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Thursday, November 21st. Finally, StockNews.com downgraded Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $14.92.

Pebblebrook Hotel Trust Stock Up 1.2 %

Shares of NYSE:PEB opened at $14.93 on Monday. Pebblebrook Hotel Trust has a 52-week low of $11.65 and a 52-week high of $16.65. The stock has a market cap of $1.79 billion, a P/E ratio of -51.48, a PEG ratio of 0.70 and a beta of 1.87. The business has a fifty day moving average of $13.02 and a two-hundred day moving average of $13.23. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78.

Insider Activity at Pebblebrook Hotel Trust

In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz purchased 13,000 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was acquired at an average price 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 in the company, valued at approximately $17,692,201.12. The trade was a 0.94 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jon E. Bortz sold 11,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $21.37, for a total value of $235,070.00. Following the sale, the chief executive officer now directly owns 1,349,284 shares in the company, valued at $28,834,199.08. This represents a 0.81 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Hedge funds have recently bought and sold shares of the stock. Covestor Ltd increased 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 worth $59,000 after buying 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 worth $62,000 after acquiring an additional 4,326 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Pebblebrook Hotel Trust by 35.0% in the 3rd 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 last quarter. FMR LLC raised its holdings in shares of 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 valued at $120,000 after purchasing an additional 884 shares in the last quarter. Finally, FORA Capital LLC acquired a new stake in shares of Pebblebrook Hotel Trust in the 3rd quarter valued at $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.