Pebblebrook Hotel Trust (NYSE:PEB) Upgraded at StockNews.com

Pebblebrook Hotel Trust (NYSE:PEB) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

PEB has been the subject of several other reports. Wells Fargo & Company decreased their target price on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. Truist Financial decreased their price objective on shares of Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. Robert W. Baird cut their target price on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Compass Point upgraded Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Thursday, November 21st. Finally, Wedbush downgraded Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price target on the stock. in a report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $14.17.

Pebblebrook Hotel Trust Stock Down 2.3 %

PEB traded down $0.27 during trading on Tuesday, reaching $11.52. The stock had a trading volume of 2,931,081 shares, compared to its average volume of 1,898,461. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of -39.74, a P/E/G ratio of 0.60 and a beta of 1.85. The stock’s 50 day moving average is $13.20 and its two-hundred day moving average is $13.13. Pebblebrook Hotel Trust has a one year low of $11.49 and a one year high of $16.61.

Institutional Trading of Pebblebrook Hotel Trust

A number of institutional investors have recently bought and sold shares of PEB. Asset Management One Co. Ltd. increased its position in Pebblebrook Hotel Trust by 0.5% during the third 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 acquiring an additional 866 shares during the last quarter. FMR LLC lifted its stake in Pebblebrook Hotel Trust by 10.8% in the third quarter. FMR LLC now owns 9,069 shares of the real estate investment trust’s stock worth $120,000 after purchasing an additional 884 shares during the last quarter. Atria Investments Inc boosted its position 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 buying an additional 889 shares during the period. Sei Investments Co. grew its stake in shares of Pebblebrook Hotel Trust by 0.3% during the fourth quarter. Sei Investments Co. now owns 397,337 shares of the real estate investment trust’s stock valued at $5,384,000 after buying an additional 1,098 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Pebblebrook Hotel Trust by 35.0% in the third 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 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.