Robert W. Baird Issues Pessimistic Forecast for Pebblebrook Hotel Trust (NYSE:PEB) Stock Price

Pebblebrook Hotel Trust (NYSE:PEB) had its price objective decreased by research analysts at Robert W. Baird from $15.00 to $14.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. Robert W. Baird’s price objective would suggest a potential upside of 10.76% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on PEB. Truist Financial reduced 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 note on Monday. StockNews.com downgraded Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company lowered their price objective on Pebblebrook Hotel Trust from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Friday, September 13th. Three investment analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $13.75.

Pebblebrook Hotel Trust Trading Up 1.4 %

Shares of PEB stock opened at $12.64 on Thursday. The firm has a market capitalization of $1.52 billion, a P/E ratio of -11.49, a price-to-earnings-growth ratio of 0.58 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. The firm’s fifty day simple moving average is $12.96 and its 200 day simple moving average is $13.54. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.78.

Insiders Place Their Bets

In other news, CEO Jon E. Bortz bought 22,000 shares of the stock in a transaction dated Tuesday, August 13th. The shares were acquired 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 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz bought 22,000 shares of Pebblebrook Hotel Trust stock in a transaction dated Tuesday, August 13th. The shares were acquired at an average cost 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. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jon E. Bortz purchased 66,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average price of $11.98 per share, for a total transaction of $790,680.00. Following the completion of the transaction, the chief executive officer now owns 1,319,284 shares in the company, valued at $15,805,022.32. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Quarry LP grew its holdings 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. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Pebblebrook Hotel Trust by 35.0% during the third 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 purchasing an additional 1,212 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Pebblebrook Hotel Trust by 707.8% during the second quarter. Blue Trust Inc. now owns 11,116 shares of the real estate investment trust’s stock valued at $153,000 after purchasing an additional 9,740 shares during the last quarter. Algert Global LLC bought a new position in Pebblebrook Hotel Trust in the 2nd quarter worth approximately $167,000. Finally, Van ECK Associates Corp lifted its holdings in Pebblebrook Hotel Trust by 12.3% during the 3rd quarter. Van ECK Associates Corp now owns 20,523 shares of the real estate investment trust’s stock worth $247,000 after buying an additional 2,253 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.