Pebblebrook Hotel Trust (NYSE:PEB) Given New $13.00 Price Target at Truist Financial

Pebblebrook Hotel Trust (NYSE:PEBGet Free Report) had its price objective dropped by investment analysts at Truist Financial from $14.00 to $13.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s price target would suggest a potential upside of 1.52% from the stock’s current price.

Several other equities research analysts have also commented on the stock. Robert W. Baird reduced their price target on shares of 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. Compass Point raised shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Thursday, November 21st. StockNews.com lowered shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and upped their price target for the company from $14.75 to $15.00 in a research report on Friday, November 22nd. Finally, Wedbush downgraded 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. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, Pebblebrook Hotel Trust currently has a consensus rating of “Hold” and an average target price of $14.67.

Get Our Latest Stock Analysis on PEB

Pebblebrook Hotel Trust Stock Performance

NYSE PEB traded up $0.08 during trading hours on Tuesday, hitting $12.81. The company’s stock had a trading volume of 368,105 shares, compared to its average volume of 1,796,167. The company’s 50 day simple moving average is $13.82 and its two-hundred day simple moving average is $13.23. The company has a market cap of $1.53 billion, a P/E ratio of -44.19, a price-to-earnings-growth ratio of 0.62 and a beta of 1.85. Pebblebrook Hotel Trust has a 12 month low of $11.65 and a 12 month high of $16.65. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC increased its stake in Pebblebrook Hotel Trust by 1.0% in the third quarter. Geode Capital Management LLC now owns 3,043,473 shares of the real estate investment trust’s stock worth $40,272,000 after purchasing an additional 28,871 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Pebblebrook Hotel Trust by 5.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,418,159 shares of the real estate investment trust’s stock valued at $31,992,000 after buying an additional 130,265 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its position in Pebblebrook Hotel Trust by 4.0% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 950,475 shares of the real estate investment trust’s stock valued at $12,575,000 after purchasing an additional 36,270 shares in the last quarter. Nordea Investment Management AB boosted its position in Pebblebrook Hotel Trust by 90.2% during the fourth quarter. Nordea Investment Management AB now owns 746,763 shares of the real estate investment trust’s stock valued at $10,193,000 after purchasing an additional 354,116 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its position in Pebblebrook Hotel Trust by 6.2% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 317,254 shares of the real estate investment trust’s stock valued at $4,299,000 after purchasing an additional 18,467 shares in the last quarter.

Pebblebrook Hotel Trust Company Profile

(Get Free Report)

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.

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