Pebblebrook Hotel Trust (NYSE:PEB) Upgraded by StockNews.com to Hold

StockNews.com upgraded shares of Pebblebrook Hotel Trust (NYSE:PEBFree Report) from a sell rating to a hold rating in a research note published on Monday morning.

Separately, Wells Fargo & Company dropped their target price on Pebblebrook Hotel Trust from $15.00 to $13.00 and set an equal weight rating on the stock in a research report on Friday, September 13th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat, Pebblebrook Hotel Trust has a consensus rating of Hold and a consensus target price of $13.90.

Get Our Latest Stock Report on Pebblebrook Hotel Trust

Pebblebrook Hotel Trust Stock Performance

Shares of NYSE PEB opened at $12.63 on Monday. Pebblebrook Hotel Trust has a 1 year low of $11.39 and a 1 year high of $16.65. The firm has a market cap of $1.52 billion, a P/E ratio of -12.38, a PEG ratio of 0.59 and a beta of 1.84. The stock has a fifty day moving average price of $12.95 and a two-hundred day moving average price of $13.78. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.71 and a current ratio of 0.71.

Pebblebrook Hotel Trust (NYSE:PEBGet Free Report) last released its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.42). Pebblebrook Hotel Trust had a negative return on equity of 3.40% and a negative net margin of 6.75%. The firm had revenue of $397.11 million for the quarter, compared to analyst estimates of $396.29 million. During the same period in the previous year, the firm earned $0.62 earnings per share. Pebblebrook Hotel Trust’s revenue was up 3.3% on a year-over-year basis. Research analysts forecast that Pebblebrook Hotel Trust will post 1.52 EPS for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.01 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.32%. Pebblebrook Hotel Trust’s payout ratio is presently -3.92%.

Insider Transactions at Pebblebrook Hotel Trust

In related news, CEO Jon E. Bortz bought 66,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average price of $11.98 per share, with a total value of $790,680.00. Following the completion of the transaction, the chief executive officer now owns 1,319,284 shares of the company’s stock, valued at $15,805,022.32. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Jon E. Bortz bought 22,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was acquired at an average cost of $12.21 per share, for a total transaction of $268,620.00. Following the completion of the purchase, the chief executive officer now owns 1,341,284 shares of the company’s stock, valued at $16,377,077.64. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jon E. Bortz bought 66,000 shares of Pebblebrook Hotel Trust stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average cost of $11.98 per share, with a total value of $790,680.00. Following the completion of the transaction, the chief executive officer now owns 1,319,284 shares of the company’s stock, valued at $15,805,022.32. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

A number of hedge funds have recently made changes to their positions in the business. Bank of Montreal Can increased 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 acquiring an additional 759,964 shares during the period. D. E. Shaw & Co. Inc. boosted its holdings in Pebblebrook Hotel Trust by 38.1% during the second 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 purchasing an additional 541,573 shares in the last quarter. Nomura Holdings Inc. grew its stake in shares of 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 valued at $8,201,000 after purchasing an additional 157,637 shares during the period. Earnest Partners LLC raised its holdings in shares of Pebblebrook Hotel Trust by 1.0% in the 2nd quarter. Earnest Partners LLC now owns 5,036,155 shares of the real estate investment trust’s stock worth $69,247,000 after buying an additional 51,677 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Pebblebrook Hotel Trust by 166.1% during the 2nd quarter. Victory Capital Management Inc. now owns 80,444 shares of the real estate investment trust’s stock worth $1,106,000 after buying an additional 50,210 shares during the period.

Pebblebrook Hotel Trust Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Pebblebrook Hotel Trust (NYSE:PEB)

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