Pebblebrook Hotel Trust (NYSE:PEB) Stock Rating Upgraded by StockNews.com

Pebblebrook Hotel Trust (NYSE:PEB) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Separately, Wells Fargo & Company reduced their price objective on Pebblebrook Hotel Trust from $15.00 to $13.00 and set an “equal weight” rating for the company in a research report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $13.90.

Pebblebrook Hotel Trust Trading Up 0.7 %

Shares of NYSE:PEB opened at $12.72 on Monday. The company has a market cap of $1.53 billion, a P/E ratio of -12.47, a PEG ratio of 0.59 and a beta of 1.84. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.71 and a quick ratio of 0.71. Pebblebrook Hotel Trust has a 1 year low of $11.39 and a 1 year high of $16.65. The stock’s fifty day moving average price is $12.96 and its 200-day moving average price is $13.76.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.42). The business had revenue of $397.11 million for the quarter, compared to the consensus estimate of $396.29 million. Pebblebrook Hotel Trust had a negative net margin of 6.75% and a negative return on equity of 3.40%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.62 earnings per share. Sell-side analysts expect that Pebblebrook Hotel Trust will post 1.52 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Jon E. Bortz purchased 22,000 shares of Pebblebrook Hotel Trust stock in a transaction on Tuesday, August 13th. The stock was acquired at an average price of $12.21 per share, for a total transaction of $268,620.00. Following the completion of the transaction, the chief executive officer now directly owns 1,341,284 shares in the company, valued at $16,377,077.64. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Jon E. Bortz purchased 66,000 shares of Pebblebrook Hotel Trust stock in a transaction on Monday, August 5th. The stock was acquired at an average price of $11.98 per share, for a total transaction of $790,680.00. Following the completion of the transaction, the chief executive officer now directly owns 1,319,284 shares in the company, valued at $15,805,022.32. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jon E. Bortz purchased 22,000 shares of Pebblebrook Hotel Trust stock in a transaction on Tuesday, August 13th. The stock was bought at an average price of $12.21 per share, with a total value of $268,620.00. Following the transaction, the chief executive officer now owns 1,341,284 shares of the company’s stock, valued at approximately $16,377,077.64. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.40% of the company’s stock.

Institutional Trading of Pebblebrook Hotel Trust

Several institutional investors have recently made changes to their positions in the business. Earnest Partners LLC grew its position in shares of Pebblebrook Hotel Trust by 1.0% during the second quarter. Earnest Partners LLC now owns 5,036,155 shares of the real estate investment trust’s stock worth $69,247,000 after purchasing an additional 51,677 shares in the last quarter. D. E. Shaw & Co. Inc. grew its position in shares of Pebblebrook Hotel Trust by 38.1% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,963,388 shares of the real estate investment trust’s stock worth $26,997,000 after purchasing an additional 541,573 shares in the last quarter. Bank of Montreal Can grew its position in shares of Pebblebrook Hotel Trust by 68.1% during the second 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. Dimensional Fund Advisors LP grew its position in shares of Pebblebrook Hotel Trust by 2.4% during the second 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 in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Pebblebrook Hotel Trust by 2.1% during the second quarter. Envestnet Asset Management Inc. now owns 580,423 shares of the real estate investment trust’s stock worth $7,981,000 after purchasing an additional 12,155 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.