Pebblebrook Hotel Trust (NYSE:PEB) Downgraded by StockNews.com

StockNews.com downgraded shares of Pebblebrook Hotel Trust (NYSE:PEB) from a hold rating to a sell rating in a research report released on Monday.

A number of other equities analysts also recently commented on PEB. Wells Fargo & Company reduced their target price on shares of Pebblebrook Hotel Trust from $15.00 to $13.00 and set an equal weight rating on the stock in a research note on Friday, September 13th. Truist Financial reduced their price target on shares of Pebblebrook Hotel Trust from $16.00 to $15.00 and set a hold rating on the stock in a research report on Thursday, May 30th. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat, Pebblebrook Hotel Trust currently has an average rating of Hold and an average target price of $13.92.

Pebblebrook Hotel Trust Trading Up 1.3 %

Shares of Pebblebrook Hotel Trust stock opened at $13.43 on Monday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.71 and a quick ratio of 0.71. The stock’s 50 day simple moving average is $13.05 and its 200-day simple moving average is $14.11. The stock has a market cap of $1.62 billion, a P/E ratio of -13.17, a P/E/G ratio of 0.60 and a beta of 1.84. Pebblebrook Hotel Trust has a 1-year low of $11.39 and a 1-year high of $16.65.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.42). Pebblebrook Hotel Trust had a negative net margin of 6.75% and a negative return on equity of 3.40%. The company had revenue of $397.11 million during the quarter, compared to analysts’ expectations of $396.29 million. During the same quarter in the previous year, the company earned $0.62 earnings per share. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. Analysts predict that Pebblebrook Hotel Trust will post 1.51 EPS for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date is Monday, September 30th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is -3.92%.

Insider Buying and Selling

In other Pebblebrook Hotel Trust news, Director Phillip M. Miller sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $13.29, for a total value of $46,515.00. Following the sale, the director now owns 13,098 shares of the company’s stock, valued at $174,072.42. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Phillip M. Miller sold 3,500 shares of Pebblebrook Hotel Trust stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $13.29, for a total value of $46,515.00. Following the completion of the sale, the director now directly owns 13,098 shares of the company’s stock, valued at $174,072.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jon E. Bortz acquired 66,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average price of $11.98 per share, for a total transaction of $790,680.00. Following the acquisition, the chief executive officer now directly owns 1,319,284 shares in the company, valued at approximately $15,805,022.32. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Earnest Partners LLC lifted its holdings in Pebblebrook Hotel Trust by 1.0% during the 2nd quarter. Earnest Partners LLC now owns 5,036,155 shares of the real estate investment trust’s stock worth $69,247,000 after buying an additional 51,677 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Pebblebrook Hotel Trust by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,206,660 shares of the real estate investment trust’s stock valued at $35,262,000 after acquiring an additional 18,325 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in Pebblebrook Hotel Trust by 38.1% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,963,388 shares of the real estate investment trust’s stock valued at $26,997,000 after purchasing an additional 541,573 shares during the period. 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 purchasing an additional 759,964 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings 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 purchasing an additional 41,659 shares during the period.

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.