Pebblebrook Hotel Trust (NYSE:PEB) Receives $14.58 Average Price Target from Brokerages

Shares of Pebblebrook Hotel Trust (NYSE:PEB) have received a consensus recommendation of “Hold” from the six research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $14.92.

Several brokerages recently commented on PEB. Wells Fargo & Company raised their price objective 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. Compass Point upgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Thursday, November 21st. Stifel Nicolaus raised Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and boosted their price target for the stock from $14.75 to $15.00 in a research note on Friday, November 22nd. Robert W. Baird dropped their price objective 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. Finally, StockNews.com downgraded Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd.

Pebblebrook Hotel Trust Price Performance

Pebblebrook Hotel Trust stock opened at $14.93 on Friday. The company has a market cap of $1.79 billion, a P/E ratio of -51.48, a price-to-earnings-growth ratio of 0.70 and a beta of 1.87. Pebblebrook Hotel Trust has a one year low of $11.65 and a one year high of $16.65. The business has a fifty day moving average of $13.02 and a two-hundred day moving average of $13.23. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 0.81.

Pebblebrook Hotel Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.27%. Pebblebrook Hotel Trust’s dividend payout ratio is currently -13.79%.

Insider Activity at Pebblebrook Hotel Trust

In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz sold 11,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $21.37, for a total transaction of $235,070.00. Following the sale, the chief executive officer now directly owns 1,349,284 shares of the company’s stock, valued at $28,834,199.08. This trade represents a 0.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jon E. Bortz acquired 13,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was purchased at an average cost of $12.68 per share, with a total value of $164,840.00. Following the transaction, the chief executive officer now owns 1,395,284 shares of the company’s stock, valued at approximately $17,692,201.12. The trade was a 0.94 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.60% of the stock is owned by corporate insiders.

Institutional Trading of Pebblebrook Hotel Trust

Hedge funds have recently bought and sold shares of the company. Covestor Ltd raised its holdings 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 acquiring an additional 1,989 shares during the last quarter. Quarry LP grew its position in shares of Pebblebrook Hotel Trust by 2,376.9% in the second quarter. Quarry LP now owns 4,508 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 4,326 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in 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 valued at $63,000 after purchasing an additional 1,212 shares during the last quarter. FMR LLC lifted its position in 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 worth $120,000 after buying an additional 884 shares during the period. Finally, FORA Capital LLC acquired a new stake in Pebblebrook Hotel Trust in the 3rd quarter worth about $133,000.

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.