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

StockNews.com upgraded shares of Pebblebrook Hotel Trust (NYSE:PEB) from a sell rating to a hold rating in a research note issued to investors on Wednesday morning.

Several other research firms have also recently weighed in on PEB. Compass Point restated a neutral rating and issued a $17.00 price target on shares of Pebblebrook Hotel Trust in a research note on Thursday, March 28th. Bank of America downgraded shares of Pebblebrook Hotel Trust from a neutral rating to an underperform rating and set a $13.50 price target on the stock. in a report on Monday, January 8th. Finally, Truist Financial boosted their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $16.00 and gave the company a hold rating in a report on Thursday, January 18th. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat, Pebblebrook Hotel Trust has an average rating of Hold and a consensus price target of $14.78.

Pebblebrook Hotel Trust Trading Up 0.9 %

Shares of Pebblebrook Hotel Trust stock opened at $15.59 on Wednesday. Pebblebrook Hotel Trust has a 1 year low of $11.39 and a 1 year high of $16.65. The firm’s 50-day moving average is $15.65 and its 200 day moving average is $14.67. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.81.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its 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 firm had revenue of $314.10 million during the quarter, compared to the consensus estimate of $304.34 million. Pebblebrook Hotel Trust had a negative return on equity of 2.85% and a negative net margin of 5.84%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.18 EPS. As a group, equities analysts anticipate that Pebblebrook Hotel Trust will post 1.57 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

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

Insider Activity at Pebblebrook Hotel Trust

In other Pebblebrook Hotel Trust news, insider Thomas Charles Fisher sold 11,441 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $15.62, for a total value of $178,708.42. Following the transaction, the insider now directly owns 254,449 shares in the company, valued at $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 hedge funds and other institutional investors have recently bought and sold shares of the stock. New Mexico Educational Retirement Board bought a new position in shares of Pebblebrook Hotel Trust during the 1st quarter valued at approximately $420,000. Nomura Holdings Inc. boosted its position in shares of Pebblebrook Hotel Trust by 44.3% in the fourth quarter. Nomura Holdings Inc. now owns 513,190 shares of the real estate investment trust’s stock worth $8,201,000 after purchasing an additional 157,637 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of Pebblebrook Hotel Trust in the fourth quarter worth $266,000. Teachers Retirement System of The State of Kentucky raised its position in shares of Pebblebrook Hotel Trust by 3.5% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 135,877 shares of the real estate investment trust’s stock valued at $2,171,000 after purchasing an additional 4,645 shares during the period. Finally, Heitman Real Estate Securities LLC raised its position in shares of Pebblebrook Hotel Trust by 7.3% during the 4th quarter. Heitman Real Estate Securities LLC now owns 92,110 shares of the real estate investment trust’s stock valued at $1,472,000 after purchasing an additional 6,286 shares during the period.

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.