Pebblebrook Hotel Trust (NYSE:PEB) Stock Rating Lowered by Compass Point

Pebblebrook Hotel Trust (NYSE:PEB) was downgraded by analysts at Compass Point from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday, MarketBeat.com reports. They presently have a $15.00 price objective on the real estate investment trust’s stock, down from their prior price objective of $17.00. Compass Point’s price objective suggests a potential upside of 23.83% from the stock’s current price.

PEB has been the subject of a number of other reports. StockNews.com downgraded Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, March 5th. Raymond James set a $14.00 price target on Pebblebrook Hotel Trust and gave the stock an “outperform” rating in a report on Thursday, February 27th. Stifel Nicolaus raised Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and boosted their price target for the stock from $14.75 to $15.00 in a research report on Friday, November 22nd. Truist Financial cut their price objective on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company dropped their price target on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $13.86.

Pebblebrook Hotel Trust Price Performance

PEB stock opened at $12.11 on Monday. The stock has a 50-day moving average price of $12.88 and a two-hundred day moving average price of $13.09. Pebblebrook Hotel Trust has a 1 year low of $11.47 and a 1 year high of $16.44. The stock has a market cap of $1.45 billion, a PE ratio of -41.77, a price-to-earnings-growth ratio of 0.60 and a beta of 1.87. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PEB. Nordea Investment Management AB raised its position in shares of Pebblebrook Hotel Trust by 90.2% in the 4th quarter. Nordea Investment Management AB now owns 746,763 shares of the real estate investment trust’s stock valued at $10,193,000 after buying an additional 354,116 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Pebblebrook Hotel Trust by 5.9% in the 4th quarter. Fisher Asset Management LLC now owns 572,994 shares of the real estate investment trust’s stock valued at $7,764,000 after purchasing an additional 31,677 shares in the last quarter. Entropy Technologies LP increased its stake in shares of Pebblebrook Hotel Trust by 93.3% in the 4th quarter. Entropy Technologies LP now owns 54,880 shares of the real estate investment trust’s stock valued at $744,000 after purchasing an additional 26,487 shares during the last quarter. Atom Investors LP acquired a new stake in Pebblebrook Hotel Trust in the third quarter valued at about $1,363,000. Finally, GSA Capital Partners LLP grew its position in Pebblebrook Hotel Trust by 47.4% in the third quarter. GSA Capital Partners LLP now owns 223,654 shares of the real estate investment trust’s stock valued at $2,959,000 after acquiring an additional 71,920 shares during 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.