Pebblebrook Hotel Trust (NYSE:PEB) Downgraded to “Sell” at StockNews.com

Pebblebrook Hotel Trust (NYSE:PEB) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

Separately, Truist Financial reduced their target price on shares of Pebblebrook Hotel Trust from $16.00 to $15.00 and set a “hold” rating on the stock in a research note on Thursday, May 30th. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat.com, Pebblebrook Hotel Trust has an average rating of “Hold” and a consensus target price of $14.42.

Pebblebrook Hotel Trust Stock Up 1.7 %

Shares of NYSE:PEB opened at $13.02 on Wednesday. Pebblebrook Hotel Trust has a 52 week low of $11.39 and a 52 week high of $16.65. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.71 and a current ratio of 0.71. The company’s fifty day moving average is $13.16 and its 200-day moving average is $14.42. The company has a market capitalization of $1.57 billion, a PE ratio of -12.76, a P/E/G ratio of 0.59 and a beta of 1.84.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.42). Pebblebrook Hotel Trust had a negative net margin of 6.75% and a negative return on equity of 3.40%. The firm had revenue of $397.11 million during the quarter, compared to analyst estimates of $396.29 million. During the same quarter in the prior year, the firm posted $0.62 EPS. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. Equities research analysts predict that Pebblebrook Hotel Trust will post 1.53 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz bought 22,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was acquired at an average cost of $12.21 per share, with a total value of $268,620.00. Following the purchase, the chief executive officer now owns 1,341,284 shares in the company, valued at $16,377,077.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Jon E. Bortz purchased 66,000 shares of Pebblebrook Hotel Trust stock in a transaction on Monday, August 5th. The stock was purchased at an average price of $11.98 per share, with a total value of $790,680.00. Following the transaction, the chief executive officer now directly owns 1,319,284 shares in the company, valued at approximately $15,805,022.32. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jon E. Bortz purchased 22,000 shares of Pebblebrook Hotel Trust stock in a transaction on Tuesday, August 13th. The shares were purchased at an average cost of $12.21 per share, with a total value of $268,620.00. Following the transaction, the chief executive officer now owns 1,341,284 shares in the company, valued at $16,377,077.64. The disclosure for this purchase can be found here. 2.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Large investors have recently bought and sold shares of the company. Principal Securities Inc. acquired a new position in Pebblebrook Hotel Trust during the 4th quarter worth approximately $64,000. Quarry LP boosted its position in Pebblebrook Hotel Trust by 2,376.9% during the 2nd quarter. Quarry LP now owns 4,508 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 4,326 shares during the last quarter. Quest Partners LLC acquired a new position in Pebblebrook Hotel Trust during the 4th quarter worth approximately $157,000. Blue Trust Inc. boosted its position in Pebblebrook Hotel Trust by 707.8% during the 2nd quarter. Blue Trust Inc. now owns 11,116 shares of the real estate investment trust’s stock worth $153,000 after acquiring an additional 9,740 shares during the last quarter. Finally, Algert Global LLC acquired a new position in Pebblebrook Hotel Trust during the 2nd quarter worth approximately $167,000.

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.