Pebblebrook Hotel Trust (NYSE:PEB) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Pebblebrook Hotel Trust (NYSE:PEB) from a sell rating to a hold rating in a report released on Wednesday.

A number of other equities research analysts also recently issued reports on the stock. Bank of America downgraded shares of Pebblebrook Hotel Trust from a neutral rating to an underperform rating and set a $13.50 price objective on the stock. in a research note on Monday, January 8th. Compass Point reissued a neutral rating and issued a $17.00 price objective on shares of Pebblebrook Hotel Trust in a research note on Thursday, March 28th. Finally, Truist Financial raised their price objective on Pebblebrook Hotel Trust from $15.00 to $16.00 and gave the company a hold rating in a report on Thursday, January 18th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $14.69.

Pebblebrook Hotel Trust Trading Down 0.3 %

Pebblebrook Hotel Trust stock opened at $14.96 on Wednesday. The firm has a 50-day moving average of $15.61 and a 200-day moving average of $14.69. Pebblebrook Hotel Trust has a one year low of $11.39 and a one year high of $16.65. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.46 and a quick ratio of 0.97. The company has a market cap of $1.80 billion, a price-to-earnings ratio of -14.67, a P/E/G ratio of 0.68 and a beta of 1.86.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its earnings results on Tuesday, April 23rd. The real estate investment trust reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $314.10 million for the quarter, compared to analyst estimates of $304.34 million. During the same period in the previous year, the firm posted $0.18 earnings per share. The firm’s revenue was up 2.7% compared to the same quarter last year. On average, equities analysts expect that Pebblebrook Hotel Trust will post 1.58 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.27%. The ex-dividend date was Wednesday, March 27th. Pebblebrook Hotel Trust’s payout ratio is presently -3.92%.

Insider Activity

In related news, insider Thomas Charles Fisher sold 11,441 shares of Pebblebrook Hotel Trust stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $15.62, for a total value of $178,708.42. Following the transaction, the insider now directly owns 254,449 shares of the company’s stock, valued at $3,974,493.38. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

A number of hedge funds have recently bought and sold shares of the company. Principal Securities Inc. bought a new stake in shares of Pebblebrook Hotel Trust during the 4th quarter valued at about $64,000. Allspring Global Investments Holdings LLC increased its stake in Pebblebrook Hotel Trust by 13.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 7,687 shares of the real estate investment trust’s stock valued at $104,000 after purchasing an additional 884 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Pebblebrook Hotel Trust during the third quarter valued at about $148,000. Quest Partners LLC acquired a new stake in shares of Pebblebrook Hotel Trust in the 4th quarter valued at about $157,000. Finally, Sequoia Financial Advisors LLC increased its position in Pebblebrook Hotel Trust by 6.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 14,579 shares of the real estate investment trust’s stock valued at $198,000 after buying an additional 942 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.