Pebblebrook Hotel Trust (NYSE:PEB) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Pebblebrook Hotel Trust (NYSE:PEB) from a sell rating to a hold rating in a report published on Friday.

Other analysts have also recently issued research reports about the stock. Compass Point reaffirmed a neutral rating and set a $17.00 price objective on shares of Pebblebrook Hotel Trust in a research note on Thursday, March 28th. Truist Financial dropped their price target on Pebblebrook Hotel Trust from $16.00 to $15.00 and set a hold rating for the company in a research report on Thursday, May 30th. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $14.42.

Pebblebrook Hotel Trust Price Performance

Shares of Pebblebrook Hotel Trust stock opened at $13.75 on Friday. The stock has a market capitalization of $1.66 billion, a P/E ratio of -13.48, a PEG ratio of 0.65 and a beta of 1.84. The business has a 50 day simple moving average of $13.77 and a two-hundred day simple moving average of $14.86. Pebblebrook Hotel Trust has a 12 month low of $11.39 and a 12 month high of $16.65. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.71 and a quick ratio of 0.71.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.42). Pebblebrook Hotel Trust had a negative net margin of 6.75% and a negative return on equity of 3.40%. The firm had revenue of $397.11 million during the quarter, compared to analyst estimates of $396.29 million. During the same period in the prior year, the company posted $0.62 earnings per share. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, analysts predict that Pebblebrook Hotel Trust will post 1.51 EPS for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.29%. The ex-dividend date was Friday, June 28th. Pebblebrook Hotel Trust’s payout ratio is presently -3.92%.

Insider Buying and Selling

In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz bought 17,000 shares of Pebblebrook Hotel Trust stock in a transaction on Thursday, May 30th. The shares were bought at an average price of $13.67 per share, for a total transaction of $232,390.00. Following the completion of the transaction, the chief executive officer now directly owns 1,208,284 shares of the company’s stock, valued at $16,517,242.28. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Phillip M. Miller sold 3,500 shares of Pebblebrook Hotel Trust stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $13.29, for a total value of $46,515.00. Following the completion of the sale, the director now owns 13,098 shares in the company, valued at approximately $174,072.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jon E. Bortz bought 17,000 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was purchased at an average cost of $13.67 per share, for a total transaction of $232,390.00. Following the transaction, the chief executive officer now owns 1,208,284 shares of the company’s stock, valued at $16,517,242.28. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

A number of institutional investors have recently modified their holdings of PEB. Principal Securities Inc. purchased a new position in Pebblebrook Hotel Trust during the 4th quarter valued at about $64,000. Blue Trust Inc. boosted its stake in shares of Pebblebrook Hotel Trust by 707.8% in the second quarter. Blue Trust Inc. now owns 11,116 shares of the real estate investment trust’s stock valued at $153,000 after purchasing an additional 9,740 shares during the period. Quest Partners LLC acquired a new position in shares of Pebblebrook Hotel Trust in the fourth quarter valued at approximately $157,000. Van ECK Associates Corp increased its stake in Pebblebrook Hotel Trust by 17.1% during the 4th quarter. Van ECK Associates Corp now owns 16,665 shares of the real estate investment trust’s stock worth $266,000 after buying an additional 2,438 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in Pebblebrook Hotel Trust during the 4th quarter worth approximately $266,000.

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.