Pebblebrook Hotel Trust (NYSE:PEB) Given Average Rating of “Reduce” by Brokerages

Pebblebrook Hotel Trust (NYSE:PEB) has been assigned an average recommendation of “Reduce” from the five ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $13.90.

Several research firms recently issued reports on PEB. StockNews.com downgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Tuesday. Wells Fargo & Company decreased their price objective on shares of 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.

Pebblebrook Hotel Trust Price Performance

NYSE PEB opened at $12.04 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.78. The company has a fifty day simple moving average of $12.99 and a 200 day simple moving average of $13.65. The company has a market cap of $1.45 billion, a P/E ratio of -11.80, a P/E/G ratio of 0.59 and a beta of 1.84. Pebblebrook Hotel Trust has a 1 year low of $11.39 and a 1 year high of $16.65.

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

Pebblebrook Hotel Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend was Monday, September 30th. Pebblebrook Hotel Trust’s payout ratio is currently -3.92%.

Insider Activity at Pebblebrook Hotel Trust

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

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC raised its stake in shares of Pebblebrook Hotel Trust by 350.3% in the 1st quarter. SG Americas Securities LLC now owns 56,913 shares of the real estate investment trust’s stock valued at $877,000 after buying an additional 44,273 shares in the last quarter. D. E. Shaw & Co. Inc. increased its position in shares of Pebblebrook Hotel Trust by 38.1% during 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 in the last quarter. Earnest Partners LLC increased its position in shares of Pebblebrook Hotel Trust by 1.0% during the 2nd quarter. Earnest Partners LLC now owns 5,036,155 shares of the real estate investment trust’s stock worth $69,247,000 after purchasing an additional 51,677 shares in the last quarter. Texas Permanent School Fund Corp increased its position in shares of Pebblebrook Hotel Trust by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 105,462 shares of the real estate investment trust’s stock worth $1,625,000 after purchasing an additional 1,413 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of 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 purchasing an additional 9,740 shares in the last quarter.

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.