Zacks Investment Research cut shares of Pebblebrook Hotel Trust (NYSE:PEB) from a hold rating to a sell rating in a research note issued to investors on Friday.

According to Zacks, “Pebblebrook Hotel Trust is an internally managed hotel investment company organized to acquire and invest in hotel properties located primarily in large United States cities with an emphasis on the major coastal markets. The Company may invest in resort properties located near its primary urban target markets, as well as in select destination markets. Pebblebrook Hotel Trust focuses on hotel properties in the lodging industry. In addition, the Company may seek to acquire service properties in its primary urban target markets. “

Several other equities analysts have also weighed in on PEB. ValuEngine lowered shares of Pebblebrook Hotel Trust from a buy rating to a hold rating in a research report on Thursday, July 20th. BidaskClub upgraded shares of Pebblebrook Hotel Trust from a hold rating to a buy rating in a research report on Wednesday, July 19th. Raymond James Financial, Inc. restated an outperform rating and set a $35.00 price target (up previously from $32.00) on shares of Pebblebrook Hotel Trust in a research report on Wednesday, June 28th. Barclays PLC restated a buy rating and set a $35.00 price target on shares of Pebblebrook Hotel Trust in a research report on Wednesday, June 28th. Finally, Stifel Nicolaus increased their price target on shares of Pebblebrook Hotel Trust from $30.00 to $31.50 and gave the company a hold rating in a research report on Wednesday, June 21st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $32.08.

Shares of Pebblebrook Hotel Trust (NYSE PEB) opened at 32.22 on Friday. Pebblebrook Hotel Trust has a 1-year low of $23.56 and a 1-year high of $34.38. The firm has a market cap of $2.24 billion, a PE ratio of 46.70 and a beta of 1.23. The stock’s 50 day moving average is $32.75 and its 200-day moving average is $30.39.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings results on Thursday, April 27th. The real estate investment trust reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.05. The company had revenue of $182.18 million during the quarter, compared to analyst estimates of $184.69 million. Pebblebrook Hotel Trust had a net margin of 8.87% and a return on equity of 4.38%. The firm’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.56 earnings per share. Analysts expect that Pebblebrook Hotel Trust will post $0.86 earnings per share for the current year.

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The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 4.72%. The ex-dividend date of this dividend was Wednesday, June 28th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently 220.29%.

Large investors have recently added to or reduced their stakes in the stock. Somerset Trust Co increased its stake in Pebblebrook Hotel Trust by 0.6% in the second quarter. Somerset Trust Co now owns 8,495 shares of the real estate investment trust’s stock valued at $274,000 after buying an additional 52 shares during the period. Prudential Financial Inc. increased its stake in shares of Pebblebrook Hotel Trust by 1.2% in the first quarter. Prudential Financial Inc. now owns 9,858 shares of the real estate investment trust’s stock worth $288,000 after buying an additional 120 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Pebblebrook Hotel Trust by 1.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,531 shares of the real estate investment trust’s stock worth $921,000 after buying an additional 298 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Pebblebrook Hotel Trust by 3.1% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,549 shares of the real estate investment trust’s stock worth $337,000 after buying an additional 350 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of Pebblebrook Hotel Trust by 8.6% in the second quarter. Nisa Investment Advisors LLC now owns 6,410 shares of the real estate investment trust’s stock worth $200,000 after buying an additional 510 shares during the last quarter.

Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust is an internally managed hotel investment company. The Company is a real estate investment trust (REIT) that acquires and invests in hotel properties located primarily in cities of the United States. As of December 31, 2016, the Company owned 29 hotels with a total of 7,219 guest rooms.

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