StockNews.com Upgrades Pebblebrook Hotel Trust (NYSE:PEB) to “Hold”

StockNews.com upgraded shares of Pebblebrook Hotel Trust (NYSE:PEB) from a sell rating to a hold rating in a report published on Monday.

Separately, Wells Fargo & Company dropped their target price on Pebblebrook Hotel Trust from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Friday, September 13th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $13.90.

Pebblebrook Hotel Trust Stock Performance

Shares of NYSE:PEB opened at $12.89 on Monday. The firm has a fifty day simple moving average of $12.97 and a two-hundred day simple moving average of $13.75. Pebblebrook Hotel Trust has a 52 week low of $11.39 and a 52 week high of $16.65. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $1.55 billion, a P/E ratio of -12.64, a PEG ratio of 0.59 and a beta of 1.84.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.42). The business had revenue of $397.11 million during the quarter, compared to the consensus estimate of $396.29 million. Pebblebrook Hotel Trust had a negative net margin of 6.75% and a negative return on equity of 3.40%. During the same period in the previous year, the business posted $0.62 EPS. The firm’s revenue was up 3.3% on a year-over-year basis. On average, analysts expect that Pebblebrook Hotel Trust will post 1.52 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.01 per share. The ex-dividend date was Monday, September 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.31%. Pebblebrook Hotel Trust’s dividend payout ratio is -3.92%.

Insider Transactions at Pebblebrook Hotel Trust

In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz acquired 22,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was bought at an average price of $12.21 per share, for a total transaction of $268,620.00. Following the acquisition, the chief executive officer now directly owns 1,341,284 shares in the company, valued at $16,377,077.64. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Jon E. Bortz bought 66,000 shares of the company’s stock in a transaction on Monday, August 5th. The shares were acquired at an average cost of $11.98 per share, for a total transaction of $790,680.00. Following the purchase, the chief executive officer now directly owns 1,319,284 shares of the company’s stock, valued at approximately $15,805,022.32. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jon E. Bortz purchased 22,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was purchased at an average price of $12.21 per share, with a total value of $268,620.00. Following the acquisition, the chief executive officer now directly owns 1,341,284 shares of the company’s stock, valued at $16,377,077.64. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Quarry LP grew its position in shares of 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 buying an additional 4,326 shares in the last quarter. Blue Trust Inc. lifted its stake in Pebblebrook Hotel Trust by 707.8% in the second 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 period. Algert Global LLC bought a new position in Pebblebrook Hotel Trust during the 2nd quarter worth about $167,000. Van ECK Associates Corp increased its position in Pebblebrook Hotel Trust by 7.1% during the 2nd quarter. Van ECK Associates Corp now owns 18,270 shares of the real estate investment trust’s stock valued at $251,000 after purchasing an additional 1,215 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in shares of Pebblebrook Hotel Trust in the 4th quarter valued at about $266,000.

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.