Pebblebrook Hotel Trust (NYSE:PEB) Receives Consensus Recommendation of “Reduce” from Analysts

Pebblebrook Hotel Trust (NYSE:PEB) has earned a consensus recommendation of “Reduce” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $13.92.

PEB has been the topic of a number of research reports. Wells Fargo & Company lowered their price objective 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. StockNews.com cut Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, September 25th.

Pebblebrook Hotel Trust Stock Performance

Shares of NYSE PEB opened at $13.23 on Tuesday. The company has a market cap of $1.59 billion, a P/E ratio of -12.97, a P/E/G ratio of 0.66 and a beta of 1.84. The company has a quick ratio of 0.71, a current ratio of 0.71 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. The business’s 50 day moving average is $13.07 and its two-hundred day moving average is $13.99.

Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings data 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). The firm had revenue of $397.11 million for the quarter, compared to the consensus estimate of $396.29 million. Pebblebrook Hotel Trust had a negative net margin of 6.75% and a negative return on equity of 3.40%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.62 earnings per share. On average, equities analysts expect that Pebblebrook Hotel Trust will post 1.51 EPS for the current year.

Pebblebrook Hotel Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend is Monday, September 30th. Pebblebrook Hotel Trust’s dividend payout ratio is -3.92%.

Insider Activity at Pebblebrook Hotel Trust

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

Institutional Trading of Pebblebrook Hotel Trust

Large investors have recently made changes to their positions in the business. Quarry LP grew its holdings in shares of Pebblebrook Hotel Trust by 2,376.9% during the second quarter. Quarry LP now owns 4,508 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 4,326 shares during the last quarter. Blue Trust Inc. boosted its holdings in Pebblebrook Hotel Trust by 707.8% in the second quarter. Blue Trust Inc. now owns 11,116 shares of the real estate investment trust’s stock valued at $153,000 after acquiring an additional 9,740 shares during the last quarter. Quest Partners LLC bought a new position in Pebblebrook Hotel Trust in the fourth quarter valued at about $157,000. Algert Global LLC bought a new position in Pebblebrook Hotel Trust in the second quarter valued at about $167,000. Finally, Van ECK Associates Corp boosted its holdings in Pebblebrook Hotel Trust by 7.1% in the second quarter. Van ECK Associates Corp now owns 18,270 shares of the real estate investment trust’s stock valued at $251,000 after acquiring an additional 1,215 shares during the last quarter.

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.