Pebblebrook Hotel Trust (NYSE:PEB) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Pebblebrook Hotel Trust (NYSE:PEB) have been assigned an average recommendation of “Hold” from the seven brokerages that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $14.64.

Several equities research analysts have recently issued reports on PEB shares. Truist Financial lowered their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating on the stock in a research note on Monday, October 28th. Robert W. Baird dropped their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Wells Fargo & Company increased their target price on shares of Pebblebrook Hotel Trust from $14.00 to $16.00 and gave the company an “equal weight” rating in a research note on Monday, December 9th. Wedbush lowered Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price target on the stock. in a research note on Thursday, January 2nd. Finally, StockNews.com downgraded Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd.

Insider Activity at Pebblebrook Hotel Trust

In other news, CEO Jon E. Bortz bought 13,000 shares of Pebblebrook Hotel Trust stock in a transaction dated Thursday, November 21st. The shares were bought at an average price of $12.68 per share, for a total transaction of $164,840.00. Following the purchase, the chief executive officer now owns 1,395,284 shares of the company’s stock, valued at approximately $17,692,201.12. This trade represents a 0.94 % 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 sold 11,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $21.37, for a total transaction of $235,070.00. Following the completion of the sale, the chief executive officer now directly owns 1,349,284 shares in the company, valued at approximately $28,834,199.08. The trade was a 0.81 % decrease in their position. The disclosure for this sale can be found here. 2.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

A number of large investors have recently bought and sold shares of PEB. Covestor Ltd raised its position in Pebblebrook Hotel Trust by 80.1% in the 3rd quarter. Covestor Ltd now owns 4,471 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 1,989 shares during the last quarter. Quarry LP lifted 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 buying an additional 4,326 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Pebblebrook Hotel Trust by 35.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,677 shares of the real estate investment trust’s stock worth $63,000 after buying an additional 1,212 shares in the last quarter. FMR LLC grew its holdings in Pebblebrook Hotel Trust by 10.8% during the 3rd quarter. FMR LLC now owns 9,069 shares of the real estate investment trust’s stock worth $120,000 after acquiring an additional 884 shares during the last quarter. Finally, FORA Capital LLC acquired a new stake in Pebblebrook Hotel Trust in the 3rd quarter valued at about $133,000.

Pebblebrook Hotel Trust Price Performance

Shares of NYSE:PEB opened at $13.42 on Thursday. The company has a market cap of $1.61 billion, a price-to-earnings ratio of -46.27, a PEG ratio of 0.69 and a beta of 1.86. The business has a 50 day moving average price of $13.44 and a 200 day moving average price of $13.21. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78. Pebblebrook Hotel Trust has a twelve month low of $11.65 and a twelve month high of $16.65.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.30%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -13.79%.

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.