Pebblebrook Hotel Trust (NYSE:PEB) Given Average Recommendation of “Hold” by Brokerages

Pebblebrook Hotel Trust (NYSE:PEB) has earned a consensus rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $14.83.

PEB has been the subject of a number of research analyst reports. Stifel Nicolaus upgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and lifted their target price for the company from $14.75 to $15.00 in a research note on Friday, November 22nd. Truist Financial reduced their price objective on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating on the stock in a research note on Monday, October 28th. Wedbush lowered Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 target price for the company. in a research note on Thursday, January 2nd. Compass Point raised Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 price target for the company in a report on Thursday, November 21st. Finally, Robert W. Baird decreased their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st.

Insiders Place Their Bets

In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz sold 11,000 shares of Pebblebrook Hotel Trust stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $21.37, for a total transaction of $235,070.00. Following the completion of the sale, the chief executive officer now owns 1,349,284 shares of the company’s stock, valued at approximately $28,834,199.08. The trade was a 0.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jon E. Bortz bought 13,000 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were acquired at an average price of $12.68 per share, with a total value of $164,840.00. Following the transaction, the chief executive officer now directly owns 1,395,284 shares in the company, valued at approximately $17,692,201.12. The trade was a 0.94 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Hedge funds have recently added to or reduced their stakes in the stock. Van ECK Associates Corp raised its position in shares of Pebblebrook Hotel Trust by 7.1% in the 2nd 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 period. Victory Capital Management Inc. raised its holdings in Pebblebrook Hotel Trust by 166.1% in the second quarter. Victory Capital Management Inc. now owns 80,444 shares of the real estate investment trust’s stock worth $1,106,000 after purchasing an additional 50,210 shares during the period. Choreo LLC bought a new position in shares of Pebblebrook Hotel Trust during the second quarter worth $603,000. DekaBank Deutsche Girozentrale boosted its position in shares of Pebblebrook Hotel Trust by 22.1% during the second quarter. DekaBank Deutsche Girozentrale now owns 35,379 shares of the real estate investment trust’s stock worth $470,000 after purchasing an additional 6,393 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Pebblebrook Hotel Trust by 2.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 580,423 shares of the real estate investment trust’s stock valued at $7,981,000 after buying an additional 12,155 shares during the period.

Pebblebrook Hotel Trust Trading Down 0.4 %

Shares of Pebblebrook Hotel Trust stock opened at $13.00 on Thursday. Pebblebrook Hotel Trust has a 12-month low of $11.65 and a 12-month high of $16.65. The stock has a market capitalization of $1.56 billion, a P/E ratio of -44.83, a price-to-earnings-growth ratio of 0.69 and a beta of 1.86. The company has a 50-day simple moving average of $13.47 and a 200 day simple moving average of $13.20. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend is Tuesday, December 31st. Pebblebrook Hotel Trust’s dividend payout ratio is -13.79%.

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.