Wells Fargo & Company Raises Pebblebrook Hotel Trust (NYSE:PEB) Price Target to $14.00

Pebblebrook Hotel Trust (NYSE:PEB) had its price target boosted by research analysts at Wells Fargo & Company from $13.00 to $14.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 1.97% from the company’s previous close.

A number of other equities research analysts have also weighed in on PEB. Compass Point upgraded Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Thursday, November 21st. Stifel Nicolaus upgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and lifted their price target for the stock from $14.75 to $15.00 in a research note on Friday. Truist Financial cut their price target on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating on the stock in a report on Monday, October 28th. Robert W. Baird dropped their target price on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Finally, StockNews.com lowered shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Pebblebrook Hotel Trust presently has a consensus rating of “Hold” and a consensus price target of $14.58.

Pebblebrook Hotel Trust Stock Performance

Shares of PEB stock opened at $13.73 on Tuesday. 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 company’s fifty day moving average price is $12.87 and its two-hundred day moving average price is $13.27. The firm has a market capitalization of $1.64 billion, a P/E ratio of -47.34, a P/E/G ratio of 0.64 and a beta of 1.85. Pebblebrook Hotel Trust has a 12 month low of $11.65 and a 12 month high of $16.65.

Insider Activity

In related news, CEO Jon E. Bortz purchased 13,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were acquired at an average price of $12.68 per share, with a total value of $164,840.00. Following the acquisition, the chief executive officer now owns 1,395,284 shares in the company, valued at approximately $17,692,201.12. This trade represents a 0.94 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jon E. Bortz sold 11,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $21.37, for a total value of $235,070.00. Following the transaction, the chief executive officer now owns 1,349,284 shares of the company’s stock, valued at approximately $28,834,199.08. The trade was a 0.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.

Institutional Trading of Pebblebrook Hotel Trust

Large investors have recently modified their holdings of the company. Asset Management One Co. Ltd. increased its stake in Pebblebrook Hotel Trust by 0.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 174,841 shares of the real estate investment trust’s stock valued at $2,313,000 after buying an additional 866 shares during the period. FMR LLC increased its stake in shares of Pebblebrook Hotel Trust by 10.8% during the third quarter. FMR LLC now owns 9,069 shares of the real estate investment trust’s stock valued at $120,000 after acquiring an additional 884 shares during the period. Atria Investments Inc increased its stake in shares of Pebblebrook Hotel Trust by 2.2% during the third quarter. Atria Investments Inc now owns 40,897 shares of the real estate investment trust’s stock valued at $541,000 after acquiring an additional 889 shares during the period. Louisiana State Employees Retirement System raised its holdings in Pebblebrook Hotel Trust by 1.5% during the second quarter. Louisiana State Employees Retirement System now owns 60,600 shares of the real estate investment trust’s stock worth $833,000 after purchasing an additional 900 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in Pebblebrook Hotel Trust by 0.7% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 135,174 shares of the real estate investment trust’s stock worth $1,859,000 after purchasing an additional 916 shares during the period.

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.