Pebblebrook Hotel Trust (NYSE:PEB) Given Average Recommendation of “Reduce” by Analysts

Shares of Pebblebrook Hotel Trust (NYSE:PEB) have been assigned an average recommendation of “Reduce” from the thirteen ratings firms that are currently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $12.0833.

PEB has been the subject of a number of recent research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Pebblebrook Hotel Trust in a research note on Monday, December 29th. Morgan Stanley set a $9.00 price target on Pebblebrook Hotel Trust in a report on Wednesday, October 22nd. Wells Fargo & Company upped their price objective on Pebblebrook Hotel Trust from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Monday, December 1st. Stifel Nicolaus set a $13.50 price objective on Pebblebrook Hotel Trust in a research report on Thursday, November 6th. Finally, Truist Financial boosted their target price on shares of Pebblebrook Hotel Trust from $11.00 to $12.00 and gave the stock a “hold” rating in a report on Monday, January 12th.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Institutional investors and hedge funds have recently bought and sold shares of the company. Cullen Frost Bankers Inc. acquired a new position in shares of Pebblebrook Hotel Trust during the fourth quarter worth $38,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Pebblebrook Hotel Trust by 33.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,465 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 865 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Pebblebrook Hotel Trust by 115.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,683 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 2,507 shares in the last quarter. Hantz Financial Services Inc. raised its stake in Pebblebrook Hotel Trust by 188.0% in the fourth quarter. Hantz Financial Services Inc. now owns 5,049 shares of the real estate investment trust’s stock valued at $57,000 after buying an additional 3,296 shares during the last quarter. Finally, Pensionfund Sabic purchased a new stake in Pebblebrook Hotel Trust in the fourth quarter valued at about $72,000.

Pebblebrook Hotel Trust Trading Down 1.9%

NYSE:PEB opened at $12.61 on Friday. The firm has a 50-day simple moving average of $11.75 and a 200-day simple moving average of $11.18. Pebblebrook Hotel Trust has a one year low of $7.41 and a one year high of $13.11. The firm has a market cap of $1.43 billion, a P/E ratio of -10.60 and a beta of 1.54. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.13 and a current ratio of 1.13.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Wednesday, December 31st. Pebblebrook Hotel Trust’s payout ratio is -3.36%.

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust (NYSE:PEB) is a real estate investment trust specializing in premium, high-barrier-to-entry hotel properties in gateway markets across the United States. Established in 2009, PEB focuses on lifestyle-oriented lodging assets that cater to business and leisure travelers seeking elevated experiences. The company’s investment strategy emphasizes select-service and full-service hotels with established brands and prime urban or resort locations.

PEB’s portfolio comprises more than 30 properties in major metropolitan areas including New York City, Los Angeles, Chicago, Miami and San Francisco.