Pebblebrook Hotel Trust (NYSE:PEB) Rating Lowered to Neutral at Compass Point

Pebblebrook Hotel Trust (NYSE:PEB) was downgraded by Compass Point from a “buy” rating to a “neutral” rating in a research note issued on Monday,Briefing.com Automated Import reports. They currently have a $15.00 price target on the real estate investment trust’s stock, down from their prior price target of $17.00. Compass Point’s price target would indicate a potential upside of 23.83% from the stock’s previous close.

Several other equities research analysts have also recently commented on PEB. StockNews.com cut Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, March 5th. Stifel Nicolaus upgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and raised their target price for the company from $14.75 to $15.00 in a research note on Friday, November 22nd. Raymond James set a $14.00 price objective on shares of Pebblebrook Hotel Trust and gave the company an “outperform” rating in a report on Thursday, February 27th. Wells Fargo & Company lowered their price objective on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Finally, Truist Financial dropped their price target on shares of 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. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Pebblebrook Hotel Trust currently has a consensus rating of “Hold” and a consensus target price of $13.86.

Pebblebrook Hotel Trust Stock Performance

Shares of NYSE:PEB opened at $12.11 on Monday. Pebblebrook Hotel Trust has a fifty-two week low of $11.47 and a fifty-two week high of $16.44. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of -41.77, a P/E/G ratio of 0.60 and a beta of 1.87. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81. The firm’s 50 day simple moving average is $12.88 and its 200 day simple moving average is $13.09.

Institutional Trading of Pebblebrook Hotel Trust

Several institutional investors and hedge funds have recently modified their holdings of the stock. GF Fund Management CO. LTD. bought a new stake in Pebblebrook Hotel Trust in the 4th quarter worth about $30,000. Quadrant Capital Group LLC increased its position in Pebblebrook Hotel Trust by 100.2% in the fourth quarter. Quadrant Capital Group LLC now owns 2,644 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 1,323 shares during the last quarter. Sterling Capital Management LLC raised its stake in shares of Pebblebrook Hotel Trust by 815.6% in the fourth quarter. Sterling Capital Management LLC now owns 3,763 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 3,352 shares during the period. Covestor Ltd lifted its position in shares of Pebblebrook Hotel Trust by 80.1% during the 3rd quarter. Covestor Ltd now owns 4,471 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 1,989 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Pebblebrook Hotel Trust during the fourth quarter valued at about $99,000.

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.