Pebblebrook Hotel Trust (NYSE:PEB) Stock Rating Upgraded by 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 Wednesday morning.

Several other equities analysts have also commented on the stock. Truist Financial increased 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 report on Thursday, January 18th. Compass Point reaffirmed a neutral rating and issued a $17.00 price objective on shares of Pebblebrook Hotel Trust in a research report on Thursday, March 28th. Finally, Bank of America lowered shares of Pebblebrook Hotel Trust from a neutral rating to an underperform rating and set a $13.50 price objective for the company. in a research report on Monday, January 8th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of $14.78.

Pebblebrook Hotel Trust Stock Up 0.9 %

PEB stock opened at $15.59 on Wednesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a 50-day simple moving average of $15.65 and a two-hundred day simple moving average of $14.67. Pebblebrook Hotel Trust has a one year low of $11.39 and a one year high of $16.65.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported ($0.32) EPS for the quarter, missing the consensus estimate of $0.16 by ($0.48). The company had revenue of $314.10 million during 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 2.85%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.18 earnings per share. As a group, research analysts forecast that Pebblebrook Hotel Trust will post 1.57 earnings per share for the current year.

Pebblebrook Hotel Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.26%. Pebblebrook Hotel Trust’s payout ratio is -3.92%.

Insider Transactions at Pebblebrook Hotel Trust

In other news, insider Thomas Charles Fisher sold 11,441 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $15.62, for a total transaction of $178,708.42. Following the sale, the insider now owns 254,449 shares of the company’s stock, valued at approximately $3,974,493.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in PEB. Principal Securities Inc. acquired a new stake in shares of Pebblebrook Hotel Trust during the 4th quarter worth approximately $64,000. Allspring Global Investments Holdings LLC grew its stake in Pebblebrook Hotel Trust by 13.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,687 shares of the real estate investment trust’s stock valued at $104,000 after acquiring an additional 884 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new stake in Pebblebrook Hotel Trust in the 3rd quarter valued at $148,000. Quest Partners LLC acquired a new stake in Pebblebrook Hotel Trust in the 4th quarter valued at $157,000. Finally, Sequoia Financial Advisors LLC grew its stake in Pebblebrook Hotel Trust by 6.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 14,579 shares of the real estate investment trust’s stock valued at $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.