Stifel Nicolaus Upgrades Pebblebrook Hotel Trust (NYSE:PEB) to “Buy”

Pebblebrook Hotel Trust (NYSE:PEB) was upgraded by Stifel Nicolaus from a “hold” rating to a “buy” rating in a research note issued on Friday, Marketbeat Ratings reports. The firm currently has a $15.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $14.75. Stifel Nicolaus’ target price would suggest a potential upside of 11.03% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Wells Fargo & Company dropped their price target on shares of Pebblebrook Hotel Trust from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Friday, September 13th. Robert W. Baird cut their price target on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Compass Point upgraded Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Thursday. StockNews.com cut Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Finally, Truist Financial reduced their target price on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating for the company in a report on Monday, October 28th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $14.42.

Pebblebrook Hotel Trust Stock Up 3.9 %

Pebblebrook Hotel Trust stock opened at $13.51 on Friday. The firm has a 50 day moving average price of $12.85 and a 200-day moving average price of $13.29. 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 has a twelve month low of $11.65 and a twelve month high of $16.65. The company has a market capitalization of $1.62 billion, a P/E ratio of -46.58, a P/E/G ratio of 0.62 and a beta of 1.85.

Insider Transactions at Pebblebrook Hotel Trust

In related news, CEO Jon E. Bortz bought 13,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was bought at an average cost of $12.68 per share, for a total transaction of $164,840.00. Following the completion of the transaction, the chief executive officer now owns 1,395,284 shares of the company’s stock, valued at approximately $17,692,201.12. The trade was a 0.94 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jon E. Bortz sold 11,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $21.37, for a total value of $235,070.00. Following the sale, the chief executive officer now owns 1,349,284 shares in the company, valued at $28,834,199.08. The trade was a 0.81 % decrease in their position. The disclosure for this sale can be found here. 2.40% of the stock is owned by insiders.

Institutional Trading of Pebblebrook Hotel Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of Montreal Can lifted its holdings in shares of Pebblebrook Hotel Trust by 68.1% in the 2nd quarter. Bank of Montreal Can now owns 1,875,288 shares of the real estate investment trust’s stock worth $25,841,000 after acquiring an additional 759,964 shares during the last quarter. D. E. Shaw & Co. Inc. raised its position in Pebblebrook Hotel Trust by 38.1% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,963,388 shares of the real estate investment trust’s stock worth $26,997,000 after purchasing an additional 541,573 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Pebblebrook Hotel Trust by 5.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,418,159 shares of the real estate investment trust’s stock worth $31,992,000 after purchasing an additional 130,265 shares during the last quarter. Atom Investors LP purchased a new stake in Pebblebrook Hotel Trust during the third quarter valued at about $1,363,000. Finally, GSA Capital Partners LLP grew its stake in shares of Pebblebrook Hotel Trust by 47.4% during 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 buying an additional 71,920 shares during the last quarter.

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.