Pebblebrook Hotel Trust (NYSE:PEB) Given Consensus Rating of “Reduce” by Analysts

Pebblebrook Hotel Trust (NYSE:PEB) has been assigned an average rating of “Reduce” from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $14.78.

Several equities research analysts recently issued reports on the company. Compass Point reiterated a “neutral” rating and issued a $17.00 price target on shares of Pebblebrook Hotel Trust in a research note on Thursday, March 28th. Truist Financial upped their target price on Pebblebrook Hotel Trust from $15.00 to $16.00 and gave the stock a “hold” rating in a research note on Thursday, January 18th. Bank of America cut Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.50 target price for the company. in a research note on Monday, January 8th. Finally, StockNews.com upgraded Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research note on Wednesday.

Pebblebrook Hotel Trust Trading Down 0.3 %

Shares of PEB stock opened at $14.96 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.78. The stock has a market cap of $1.80 billion, a P/E ratio of -14.66, a price-to-earnings-growth ratio of 0.71 and a beta of 1.86. The stock has a 50 day simple moving average of $15.61 and a 200 day simple moving average of $14.69. Pebblebrook Hotel Trust has a 1 year low of $11.39 and a 1 year high of $16.65.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported ($0.32) earnings per share (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 the consensus estimate of $304.34 million. Pebblebrook Hotel Trust had a negative net margin of 5.84% and a negative return on equity of 2.88%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 earnings per share. On average, research analysts predict that Pebblebrook Hotel Trust will post 1.57 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.04 annualized dividend and a dividend yield of 0.27%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -3.92%.

Insider Transactions at Pebblebrook Hotel Trust

In other news, insider Thomas Charles Fisher sold 11,441 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now directly owns 254,449 shares in the company, valued at $3,974,493.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PEB. Principal Securities Inc. acquired a new stake in Pebblebrook Hotel Trust in the fourth quarter valued at $64,000. Allspring Global Investments Holdings LLC increased its holdings in Pebblebrook Hotel Trust by 13.0% in the third 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. Envestnet Portfolio Solutions Inc. acquired a new stake in Pebblebrook Hotel Trust in the third quarter valued at $148,000. Quest Partners LLC acquired a new stake in Pebblebrook Hotel Trust in the fourth quarter valued at $157,000. Finally, Sequoia Financial Advisors LLC increased its holdings 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 purchasing 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.