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

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

Separately, Truist Financial decreased their target price on shares of 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 company. According to MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $14.42.

Pebblebrook Hotel Trust Stock Performance

Shares of PEB opened at $13.20 on Tuesday. Pebblebrook Hotel Trust has a one year low of $11.39 and a one year high of $16.65. The company has a market cap of $1.59 billion, a PE ratio of -12.94, a P/E/G ratio of 0.59 and a beta of 1.84. The stock has a 50-day moving average of $13.24 and a 200-day moving average of $14.49. 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 announced its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates 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 last year, the business posted $0.62 EPS. The company’s revenue was up 3.3% on a year-over-year basis. On average, equities research analysts predict that Pebblebrook Hotel Trust will post 1.53 EPS for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend was Friday, June 28th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -3.92%.

Insiders Place Their Bets

In other news, Director Phillip M. Miller sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $13.29, for a total value of $46,515.00. Following the transaction, the director now owns 13,098 shares in the company, valued at approximately $174,072.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Phillip M. Miller sold 3,500 shares of the firm’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $13.29, for a total transaction of $46,515.00. Following the completion of the sale, the director now directly owns 13,098 shares of the company’s stock, valued at approximately $174,072.42. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jon E. Bortz purchased 22,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was bought at an average cost of $12.21 per share, for a total transaction of $268,620.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,341,284 shares in the company, valued at approximately $16,377,077.64. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 105,000 shares of company stock valued at $1,291,690. Corporate insiders own 2.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of Montreal Can lifted its stake in Pebblebrook Hotel Trust by 68.1% in the second 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. Norges Bank bought a new stake in shares of Pebblebrook Hotel Trust in the fourth quarter valued at $8,798,000. D. E. Shaw & Co. Inc. lifted its position in shares of Pebblebrook Hotel Trust by 38.1% during 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 buying an additional 541,573 shares during the last quarter. Jump Financial LLC grew its stake in shares of Pebblebrook Hotel Trust by 241.7% during the 4th quarter. Jump Financial LLC now owns 234,076 shares of the real estate investment trust’s stock worth $3,741,000 after acquiring an additional 165,576 shares during the period. Finally, Nomura Holdings Inc. increased its holdings in Pebblebrook Hotel Trust by 44.3% in the 4th quarter. Nomura Holdings Inc. now owns 513,190 shares of the real estate investment trust’s stock worth $8,201,000 after acquiring an additional 157,637 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.