Pebblebrook Hotel Trust (NYSE:PEB) Upgraded by Raymond James to Moderate Buy Rating

Raymond James upgraded shares of Pebblebrook Hotel Trust (NYSE:PEB) from a hold rating to a moderate buy rating in a research note released on Thursday morning,Zacks.com reports.

Several other equities analysts also recently issued reports on PEB. Stifel Nicolaus upgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and upped their price objective for the company from $14.75 to $15.00 in a report on Friday, November 22nd. Compass Point upgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Thursday, November 21st. Wedbush downgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price objective for the company. in a research note on Thursday, January 2nd. Wells Fargo & Company cut their target price on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Finally, Robert W. Baird lowered their price target on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $14.14.

Pebblebrook Hotel Trust Stock Up 4.0 %

Shares of PEB stock opened at $12.22 on Thursday. The stock’s fifty day moving average price is $13.08 and its 200 day moving average price is $13.11. Pebblebrook Hotel Trust has a 1-year low of $11.47 and a 1-year high of $16.61. The company has a market cap of $1.46 billion, a price-to-earnings ratio of -42.14, a price-to-earnings-growth ratio of 0.60 and a beta of 1.85. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81.

Pebblebrook Hotel Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.33%. Pebblebrook Hotel Trust’s payout ratio is currently -13.79%.

Institutional Trading of Pebblebrook Hotel Trust

A number of hedge funds have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. boosted its position in Pebblebrook Hotel Trust by 35.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,677 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 1,212 shares in the last quarter. abrdn plc boosted its holdings in Pebblebrook Hotel Trust by 10.2% during the third quarter. abrdn plc now owns 24,579 shares of the real estate investment trust’s stock worth $325,000 after buying an additional 2,281 shares in the last quarter. Van ECK Associates Corp grew its position in Pebblebrook Hotel Trust by 12.3% during the third quarter. Van ECK Associates Corp now owns 20,523 shares of the real estate investment trust’s stock valued at $247,000 after buying an additional 2,253 shares during the period. Asset Management One Co. Ltd. grew its position in Pebblebrook Hotel Trust by 0.5% during the third quarter. Asset Management One Co. Ltd. now owns 174,841 shares of the real estate investment trust’s stock valued at $2,313,000 after buying an additional 866 shares during the period. Finally, Atria Investments Inc increased its holdings in Pebblebrook Hotel Trust by 2.2% in the third quarter. Atria Investments Inc now owns 40,897 shares of the real estate investment trust’s stock valued at $541,000 after buying an additional 889 shares in the last quarter.

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.