Pebblebrook Hotel Trust (NYSE:PEB) Upgraded by StockNews.com to “Hold”

StockNews.com upgraded shares of Pebblebrook Hotel Trust (NYSE:PEB) from a sell rating to a hold rating in a research note issued to investors on Wednesday.

Several other research analysts also recently commented on the stock. Compass Point reaffirmed a neutral rating and issued a $17.00 target price on shares of Pebblebrook Hotel Trust in a research note on Thursday, March 28th. Truist Financial upped their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $16.00 and gave the company a hold rating in a research note on Thursday, January 18th. Finally, Bank of America lowered Pebblebrook Hotel Trust from a neutral rating to an underperform rating and set a $13.50 price target for the company. in a research note on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat, Pebblebrook Hotel Trust presently has an average rating of Hold and a consensus price target of $14.69.

Pebblebrook Hotel Trust Stock Performance

NYSE PEB opened at $14.96 on Wednesday. The company has a 50-day simple moving average of $15.61 and a two-hundred day simple moving average of $14.69. Pebblebrook Hotel Trust has a 12-month low of $11.39 and a 12-month high of $16.65. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of -14.67, a PEG ratio of 0.68 and a beta of 1.86. The company has a quick ratio of 0.97, a current ratio of 0.46 and a debt-to-equity ratio of 0.78.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its earnings results on Tuesday, April 23rd. The real estate investment trust reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.48). The company had revenue of $314.10 million for the quarter, compared to analysts’ expectations of $304.34 million. Pebblebrook Hotel Trust had a negative net margin of 5.84% and a negative return on equity of 2.88%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.18 earnings per share. On average, equities analysts forecast that Pebblebrook Hotel Trust will post 1.58 EPS for the current year.

Pebblebrook Hotel Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend was Wednesday, March 27th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -3.92%.

Insider Activity at Pebblebrook Hotel Trust

In other news, insider Thomas Charles Fisher sold 11,441 shares of Pebblebrook Hotel Trust stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $15.62, for a total value of $178,708.42. Following the sale, the insider now directly owns 254,449 shares of the company’s stock, valued at $3,974,493.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Pebblebrook Hotel Trust

A number of institutional investors have recently bought and sold shares of PEB. Principal Securities Inc. bought a new position in shares of Pebblebrook Hotel Trust in the fourth quarter worth about $64,000. Allspring Global Investments Holdings LLC increased its stake in shares of Pebblebrook Hotel Trust by 13.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 7,687 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 884 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Pebblebrook Hotel Trust in the third quarter valued at about $148,000. Quest Partners LLC purchased a new stake in Pebblebrook Hotel Trust in the fourth quarter worth about $157,000. Finally, Sequoia Financial Advisors LLC lifted its stake in Pebblebrook Hotel Trust by 6.9% in the third quarter. Sequoia Financial Advisors LLC now owns 14,579 shares of the real estate investment trust’s stock worth $198,000 after acquiring an additional 942 shares during the period.

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.