Brokerages Set Pebblebrook Hotel Trust (NYSE:PEB) PT at $14.30

Shares of Pebblebrook Hotel Trust (NYSE:PEB) have earned an average rating of “Reduce” from the five brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $14.30.

A number of equities research analysts recently issued reports on the company. StockNews.com lowered Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. Robert W. Baird decreased their price target on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Wells Fargo & Company decreased their price target on Pebblebrook Hotel Trust from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Friday, September 13th. Finally, Truist Financial decreased their price target on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating for the company in a research note on Monday, October 28th.

Insiders Place Their Bets

In other news, CEO Jon E. Bortz sold 11,000 shares of Pebblebrook Hotel Trust 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 directly owns 1,349,284 shares in the company, valued at approximately $28,834,199.08. This trade represents a 0.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Earnest Partners LLC increased its holdings in shares of Pebblebrook Hotel Trust by 1.0% in the 2nd quarter. Earnest Partners LLC now owns 5,036,155 shares of the real estate investment trust’s stock valued at $69,247,000 after acquiring an additional 51,677 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Pebblebrook Hotel Trust by 5.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,418,159 shares of the real estate investment trust’s stock worth $31,992,000 after buying an additional 130,265 shares during the last quarter. D. E. Shaw & Co. Inc. grew its stake in Pebblebrook Hotel Trust by 38.1% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,963,388 shares of the real estate investment trust’s stock worth $26,997,000 after buying an additional 541,573 shares during the last quarter. Bank of Montreal Can grew its stake in Pebblebrook Hotel Trust by 68.1% during the 2nd quarter. Bank of Montreal Can now owns 1,875,288 shares of the real estate investment trust’s stock worth $25,841,000 after buying an additional 759,964 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Pebblebrook Hotel Trust by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,747,195 shares of the real estate investment trust’s stock worth $24,023,000 after buying an additional 41,659 shares during the last quarter.

Pebblebrook Hotel Trust Price Performance

Shares of PEB stock opened at $12.19 on Wednesday. Pebblebrook Hotel Trust has a 52-week low of $11.65 and a 52-week high of $16.65. 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 firm has a market capitalization of $1.46 billion, a P/E ratio of -41.62, a P/E/G ratio of 0.60 and a beta of 1.85. The stock has a 50 day moving average price of $12.85 and a 200 day moving average price of $13.37.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.01 per share. The ex-dividend date was Monday, September 30th. This represents a $0.04 annualized dividend and a yield of 0.33%. Pebblebrook Hotel Trust’s payout ratio is currently -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.