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

Pebblebrook Hotel Trust (NYSE:PEB – Get Rating) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

A number of other research firms also recently issued reports on PEB. Wells Fargo & Company dropped their price target on Pebblebrook Hotel Trust from $17.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 30th. Morgan Stanley reduced their price target on shares of Pebblebrook Hotel Trust from $13.00 to $12.00 and set an “underweight” rating for the company in a report on Tuesday, February 7th. Truist Financial cut their price objective on shares of Pebblebrook Hotel Trust from $18.00 to $16.00 and set a “hold” rating on the stock in a report on Thursday, April 13th. Citigroup upped their target price on Pebblebrook Hotel Trust from $15.00 to $16.50 and gave the stock a “neutral” rating in a report on Wednesday, February 1st. Finally, 92 Resources reissued a “maintains” rating on shares of Pebblebrook Hotel Trust in a research report on Thursday, April 27th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $17.70.

Pebblebrook Hotel Trust Stock Down 1.2 %

Shares of PEB stock opened at $14.20 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.79. Pebblebrook Hotel Trust has a 12 month low of $12.37 and a 12 month high of $24.30. The stock has a market cap of $1.75 billion, a P/E ratio of -36.41, a P/E/G ratio of 0.64 and a beta of 1.85. The company has a 50 day simple moving average of $14.03 and a two-hundred day simple moving average of $14.75.

Pebblebrook Hotel Trust (NYSE:PEB – Get Rating) last released its earnings results on Tuesday, February 21st. The real estate investment trust reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.52). Pebblebrook Hotel Trust had a negative return on equity of 0.34% and a negative net margin of 0.73%. The firm had revenue of $319.61 million for the quarter, compared to the consensus estimate of $309.55 million. During the same quarter in the previous year, the business posted $0.06 EPS. Pebblebrook Hotel Trust’s revenue was up 29.3% on a year-over-year basis. On average, research analysts expect that Pebblebrook Hotel Trust will post 1.62 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Jon E. Bortz bought 14,865 shares of Pebblebrook Hotel Trust stock in a transaction that occurred on Wednesday, March 8th. The shares were purchased at an average price of $14.93 per share, for a total transaction of $221,934.45. Following the completion of the acquisition, the chief executive officer now owns 1,039,967 shares of the company’s stock, valued at $15,526,707.31. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz purchased 11,000 shares of the firm’s stock in a transaction dated Wednesday, March 22nd. The stock was acquired at an average cost of $12.95 per share, with a total value of $142,450.00. Following the acquisition, the chief executive officer now owns 1,122,102 shares of the company’s stock, valued at approximately $14,531,220.90. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jon E. Bortz purchased 14,865 shares of the stock in a transaction dated Wednesday, March 8th. The shares were purchased at an average price of $14.93 per share, with a total value of $221,934.45. Following the transaction, the chief executive officer now directly owns 1,039,967 shares of the company’s stock, valued at approximately $15,526,707.31. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 39,865 shares of company stock worth $555,064. 2.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Pebblebrook Hotel Trust by 1.2% during the first quarter. Vanguard Group Inc. now owns 19,551,178 shares of the real estate investment trust’s stock worth $478,613,000 after acquiring an additional 226,216 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Pebblebrook Hotel Trust by 7.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 8,824,851 shares of the real estate investment trust’s stock worth $146,228,000 after acquiring an additional 636,463 shares during the period. Principal Financial Group Inc. lifted its position in Pebblebrook Hotel Trust by 10.6% in the first quarter. Principal Financial Group Inc. now owns 5,683,445 shares of the real estate investment trust’s stock worth $79,796,000 after purchasing an additional 543,124 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in Pebblebrook Hotel Trust by 17.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,028,744 shares of the real estate investment trust’s stock valued at $67,335,000 after acquiring an additional 745,663 shares during the period. Finally, Fuller & Thaler Asset Management Inc. lifted its position in shares of Pebblebrook Hotel Trust by 243.1% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,746,603 shares of the real estate investment trust’s stock worth $63,557,000 after buying an additional 3,363,156 shares during the period.

Pebblebrook Hotel Trust Company Profile

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Pebblebrook Hotel Trust is a real estate investment trust, engages in investments and acquisitions in hotel properties. Its hotels are located in markets like Atlanta, Georgia, Boston, Massachusetts, Chicago, Illinois, Key West, Miami and Naples, Florida, Los Angeles, San Diego and San Francisco, California, Nashville, Tennessee, New York, New York, Philadelphia, Pennsylvania, Portland, Oregon, and Seattle, Washington.