Pebblebrook Hotel Trust (NYSE:PEB) Upgraded to “Hold” by StockNews.com

Pebblebrook Hotel Trust (NYSE:PEB) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a report released on Wednesday.

A number of other research analysts also recently weighed in on PEB. Compass Point reissued a “neutral” rating and issued a $17.00 price objective on shares of Pebblebrook Hotel Trust in a research note on Thursday, March 28th. Truist Financial raised their price objective on Pebblebrook Hotel Trust from $15.00 to $16.00 and gave the company a “hold” rating in a research note on Thursday, January 18th. Finally, Bank of America downgraded Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.50 price objective on the stock. in a research note on Monday, January 8th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $14.78.

Pebblebrook Hotel Trust Stock Up 0.9 %

Shares of Pebblebrook Hotel Trust stock traded up $0.14 during trading on Wednesday, hitting $15.59. 3,105,639 shares of the stock traded hands, compared to its average volume of 1,559,783. The stock has a market cap of $1.87 billion, a P/E ratio of -16.07, a PEG ratio of 0.69 and a beta of 1.86. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.97 and a current ratio of 0.97. Pebblebrook Hotel Trust has a twelve month low of $11.39 and a twelve month high of $16.65. The company has a fifty day moving average price of $15.65 and a two-hundred day moving average price of $14.67.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.48). The firm had revenue of $314.10 million for the quarter, compared to analyst estimates of $304.34 million. Pebblebrook Hotel Trust had a negative net margin of 5.49% and a negative return on equity of 2.65%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.18 earnings per share. Equities research analysts predict that Pebblebrook Hotel Trust will post 1.57 EPS for the current fiscal year.

Insider Transactions at Pebblebrook Hotel Trust

In related news, insider Thomas Charles Fisher sold 11,441 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $15.62, for a total value of $178,708.42. Following the sale, the insider now owns 254,449 shares of the company’s stock, valued at approximately $3,974,493.38. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.40% of the stock is owned by insiders.

Institutional Trading of Pebblebrook Hotel Trust

Several institutional investors have recently bought and sold shares of PEB. Principal Securities Inc. acquired a new stake in Pebblebrook Hotel Trust in the 4th quarter valued at $64,000. Allspring Global Investments Holdings LLC boosted its stake in Pebblebrook Hotel Trust by 13.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 7,687 shares of the real estate investment trust’s stock worth $104,000 after purchasing an additional 884 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in Pebblebrook Hotel Trust in the third quarter worth $148,000. Quest Partners LLC acquired a new position in Pebblebrook Hotel Trust in the fourth quarter worth $157,000. Finally, Sequoia Financial Advisors LLC boosted its stake in Pebblebrook Hotel Trust by 6.9% in the third quarter. Sequoia Financial Advisors LLC now owns 14,579 shares of the real estate investment trust’s stock worth $198,000 after purchasing an additional 942 shares in the last quarter.

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.