Analysts Set Pebblebrook Hotel Trust (NYSE:PEB) PT at $14.58

Pebblebrook Hotel Trust (NYSE:PEB) has been given an average recommendation of “Hold” by the six brokerages that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $14.92.

PEB has been the topic of a number of research reports. Compass Point raised 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. Wells Fargo & Company increased their target price on Pebblebrook Hotel Trust from $14.00 to $16.00 and gave the stock an “equal weight” rating in a report on Monday, December 9th. StockNews.com lowered shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and raised their price objective for the company from $14.75 to $15.00 in a research note on Friday, November 22nd. Finally, Truist Financial decreased their target price on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating for the company in a research report on Monday, October 28th.

Insiders Place Their Bets

In other news, CEO Jon E. Bortz sold 11,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $21.37, for a total transaction of $235,070.00. Following the completion of the sale, the chief executive officer now directly owns 1,349,284 shares of the company’s stock, valued at $28,834,199.08. This trade represents a 0.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jon E. Bortz purchased 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 acquisition, the chief executive officer now directly owns 1,395,284 shares in the company, valued at $17,692,201.12. The trade was a 0.94 % increase in their position. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Several large investors have recently modified their holdings of PEB. Covestor Ltd lifted its stake in Pebblebrook Hotel Trust by 80.1% in the third quarter. Covestor Ltd now owns 4,471 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 1,989 shares during the last quarter. Quarry LP raised its stake in shares of Pebblebrook Hotel Trust by 2,376.9% in the second quarter. Quarry LP now owns 4,508 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 4,326 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Pebblebrook Hotel Trust by 35.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,677 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 1,212 shares during the last quarter. FMR LLC grew its stake in shares of Pebblebrook Hotel Trust by 10.8% during the 3rd quarter. FMR LLC now owns 9,069 shares of the real estate investment trust’s stock worth $120,000 after acquiring an additional 884 shares during the period. Finally, FORA Capital LLC bought a new position in shares of Pebblebrook Hotel Trust during the 3rd quarter worth $133,000.

Pebblebrook Hotel Trust Price Performance

Shares of NYSE PEB opened at $14.49 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. The firm’s 50-day moving average price is $13.11 and its 200-day moving average price is $13.25. The firm has a market capitalization of $1.73 billion, a P/E ratio of -49.96, a P/E/G ratio of 0.71 and a beta of 1.87. Pebblebrook Hotel Trust has a 1-year low of $11.65 and a 1-year high of $16.65.

Pebblebrook Hotel Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend was Monday, September 30th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -13.79%.

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.