Pebblebrook Hotel Trust (NYSE:PEB) Receives Average Rating of “Reduce” from Analysts

Pebblebrook Hotel Trust (NYSE:PEB) has earned an average recommendation of “Reduce” from the eight brokerages that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $14.78.

PEB has been the topic of several research reports. Compass Point reaffirmed a “neutral” rating and issued a $17.00 target price on shares of Pebblebrook Hotel Trust in a research report on Thursday, March 28th. StockNews.com raised Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research report on Wednesday. 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 report on Thursday, January 18th. Finally, Bank of America lowered Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.50 price objective on the stock. in a report on Monday, January 8th.

Insider Activity at Pebblebrook Hotel Trust

In related news, insider Thomas Charles Fisher sold 11,441 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $15.62, for a total transaction of $178,708.42. Following the completion of the sale, the insider now owns 254,449 shares in the company, valued at approximately $3,974,493.38. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.40% of the stock is owned by corporate insiders.

Institutional Trading of Pebblebrook Hotel Trust

Hedge funds have recently added to or reduced their stakes in the business. Nordea Investment Management AB boosted its stake in Pebblebrook Hotel Trust by 54.9% during the 4th quarter. Nordea Investment Management AB now owns 317,276 shares of the real estate investment trust’s stock valued at $5,122,000 after purchasing an additional 112,472 shares during the period. Phocas Financial Corp. lifted its position in shares of Pebblebrook Hotel Trust by 437.3% in the 4th quarter. Phocas Financial Corp. now owns 220,570 shares of the real estate investment trust’s stock worth $3,525,000 after acquiring an additional 179,518 shares during the period. William Blair Investment Management LLC lifted its position in shares of Pebblebrook Hotel Trust by 49.8% in the 3rd quarter. William Blair Investment Management LLC now owns 3,656,930 shares of the real estate investment trust’s stock worth $49,698,000 after acquiring an additional 1,215,683 shares during the period. Illinois Municipal Retirement Fund bought a new stake in shares of Pebblebrook Hotel Trust in the 3rd quarter worth approximately $950,000. Finally, Principal Financial Group Inc. lifted its position in shares of Pebblebrook Hotel Trust by 1.6% in the 3rd quarter. Principal Financial Group Inc. now owns 7,009,009 shares of the real estate investment trust’s stock worth $95,252,000 after acquiring an additional 112,616 shares during the period.

Pebblebrook Hotel Trust Stock Down 0.3 %

NYSE:PEB opened at $14.96 on Friday. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of -14.66, a PEG ratio of 0.71 and a beta of 1.86. Pebblebrook Hotel Trust has a 1-year low of $11.39 and a 1-year high of $16.65. 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 business’s fifty day moving average price is $15.61 and its 200 day moving average price is $14.69.

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 for the quarter, missing the consensus estimate of $0.16 by ($0.48). Pebblebrook Hotel Trust had a negative return on equity of 2.88% and a negative net margin of 5.84%. The firm had revenue of $314.10 million during the quarter, compared to analyst estimates of $304.34 million. During the same period in the previous year, the company earned $0.18 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, sell-side analysts forecast that Pebblebrook Hotel Trust will post 1.57 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors 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 annualized dividend and a yield of 0.27%. Pebblebrook Hotel Trust’s payout ratio is -3.92%.

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.