Pebblebrook Hotel Trust (NYSE:PEB) Stock Rating Lowered by Compass Point

Compass Point cut shares of Pebblebrook Hotel Trust (NYSE:PEB) from a buy rating to a neutral rating in a report issued on Monday, MarketBeat Ratings reports. They currently have $15.00 target price on the real estate investment trust’s stock, down from their prior target price of $17.00.

Several other research analysts have also commented on the company. 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 report on Thursday, January 2nd. Raymond James set a $14.00 target price on shares of Pebblebrook Hotel Trust and gave the company an “outperform” rating in a report on Thursday, February 27th. StockNews.com cut shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, March 5th. Truist Financial dropped their price objective on shares of Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. Finally, Stifel Nicolaus upgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and increased their target price for the stock from $14.75 to $15.00 in a research note on Friday, November 22nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $13.86.

Pebblebrook Hotel Trust Stock Up 1.4 %

PEB opened at $11.11 on Monday. Pebblebrook Hotel Trust has a one year low of $10.74 and a one year high of $16.19. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $1.33 billion, a P/E ratio of -38.29, a price-to-earnings-growth ratio of 0.60 and a beta of 1.87. The business’s 50-day simple moving average is $12.74 and its 200-day simple moving average is $13.05.

Pebblebrook Hotel Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.36%. Pebblebrook Hotel Trust’s payout ratio is currently -9.30%.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in PEB. Centersquare Investment Management LLC grew its holdings in Pebblebrook Hotel Trust by 2,448.9% during the fourth quarter. Centersquare Investment Management LLC now owns 1,879,327 shares of the real estate investment trust’s stock worth $25,465,000 after acquiring an additional 1,805,597 shares during the period. Alyeska Investment Group L.P. lifted its holdings in Pebblebrook Hotel Trust by 43.3% in the fourth quarter. Alyeska Investment Group L.P. now owns 4,167,770 shares of the real estate investment trust’s stock valued at $56,473,000 after acquiring an additional 1,260,077 shares during the period. Nuveen Asset Management LLC boosted its position in shares of Pebblebrook Hotel Trust by 82.3% during the 4th quarter. Nuveen Asset Management LLC now owns 2,345,333 shares of the real estate investment trust’s stock worth $31,779,000 after purchasing an additional 1,058,664 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC acquired a new position in shares of Pebblebrook Hotel Trust during the 4th quarter worth $13,788,000. Finally, Landmark Investment Partners L.P. purchased a new position in shares of Pebblebrook Hotel Trust in the 4th quarter valued at about $13,075,000.

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.