Pebblebrook Hotel Trust (NYSE:PEB) Downgraded by StockNews.com to “Sell”

StockNews.com downgraded shares of Pebblebrook Hotel Trust (NYSE:PEB) from a hold rating to a sell rating in a research note published on Thursday morning.

A number of other research analysts have also commented on the company. Compass Point reiterated a neutral rating and issued a $17.00 price objective on shares of Pebblebrook Hotel Trust in a research report on Thursday, March 28th. Bank of America lowered 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. Finally, Truist Financial upped their target price 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. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat, Pebblebrook Hotel Trust currently has an average rating of Hold and an average price target of $14.69.

Pebblebrook Hotel Trust Stock Performance

Pebblebrook Hotel Trust stock opened at $14.46 on Thursday. The stock has a 50-day simple moving average of $15.44 and a 200 day simple moving average of $14.74. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of -14.18, a P/E/G ratio of 0.65 and a beta of 1.84. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.78. Pebblebrook Hotel Trust has a 12-month low of $11.39 and a 12-month high of $16.65.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings data 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). Pebblebrook Hotel Trust had a negative net margin of 5.84% and a negative return on equity of 2.88%. The company had revenue of $314.10 million during the quarter, compared to analyst estimates of $304.34 million. During the same quarter in the previous year, the business posted $0.18 EPS. The company’s revenue was up 2.7% compared to the same quarter last year. On average, research analysts anticipate that Pebblebrook Hotel Trust will post 1.58 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.04 annualized dividend and a dividend yield of 0.28%. Pebblebrook Hotel Trust’s payout ratio is currently -3.92%.

Insider Activity

In related news, insider Thomas Charles Fisher sold 11,441 shares of Pebblebrook Hotel Trust 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 transaction, the insider now owns 254,449 shares of the company’s stock, valued at approximately $3,974,493.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.40% of the stock is currently owned by company insiders.

Institutional Trading of Pebblebrook Hotel Trust

A number of large investors have recently made changes to their positions in the company. Principal Securities Inc. acquired a new position in Pebblebrook Hotel Trust in the fourth quarter valued at about $64,000. Allspring Global Investments Holdings LLC grew its position in shares of 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 purchasing an additional 884 shares during the period. Quest Partners LLC bought a new stake in Pebblebrook Hotel Trust during the 4th quarter worth approximately $157,000. Envestnet Portfolio Solutions Inc. acquired a new stake in Pebblebrook Hotel Trust during the 3rd quarter worth approximately $148,000. 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 valued at $198,000 after buying an additional 942 shares in 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.