Analysts Set Pebblebrook Hotel Trust (NYSE:PEB) Price Target at $13.90

Pebblebrook Hotel Trust (NYSE:PEB) has received an average recommendation of “Reduce” from the five research firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $13.90.

PEB has been the topic of several recent research reports. StockNews.com upgraded shares of Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research report on Monday, October 14th. Wells Fargo & Company decreased their price target on shares of Pebblebrook Hotel Trust from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Friday, September 13th.

Insiders Place Their Bets

In other news, CEO Jon E. Bortz acquired 22,000 shares of the stock in a transaction on Tuesday, August 13th. The shares were purchased at an average cost of $12.21 per share, for a total transaction of $268,620.00. Following the transaction, the chief executive officer now owns 1,341,284 shares in the company, valued at approximately $16,377,077.64. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Jon E. Bortz acquired 66,000 shares of the stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of $11.98 per share, for a total transaction of $790,680.00. Following the transaction, the chief executive officer now owns 1,319,284 shares in the company, valued at approximately $15,805,022.32. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jon E. Bortz acquired 22,000 shares of the stock in a transaction on Tuesday, August 13th. The shares were purchased 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 owns 1,341,284 shares in the company, valued at approximately $16,377,077.64. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Several institutional investors and hedge funds have recently modified their holdings of PEB. Bank of Montreal Can grew its holdings in shares of 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 valued at $25,841,000 after acquiring an additional 759,964 shares in the last quarter. D. E. Shaw & Co. Inc. grew its holdings in shares of Pebblebrook Hotel Trust by 38.1% during the 2nd 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 acquiring an additional 541,573 shares in the last quarter. Earnest Partners LLC grew its holdings in shares of 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 valued at $69,247,000 after acquiring an additional 51,677 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Pebblebrook Hotel Trust by 166.1% during the 2nd quarter. Victory Capital Management Inc. now owns 80,444 shares of the real estate investment trust’s stock valued at $1,106,000 after acquiring an additional 50,210 shares in the last quarter. Finally, Choreo LLC purchased a new position in shares of Pebblebrook Hotel Trust during the 2nd quarter valued at $603,000.

Pebblebrook Hotel Trust Stock Performance

PEB opened at $12.49 on Friday. The business’s 50 day moving average is $12.99 and its 200-day moving average is $13.68. The stock has a market cap of $1.51 billion, a PE ratio of -12.25, a price-to-earnings-growth ratio of 0.59 and a beta of 1.84. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.78. Pebblebrook Hotel Trust has a twelve month low of $11.39 and a twelve month high of $16.65.

Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.16 earnings per share 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 business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the firm posted $0.62 EPS. On average, analysts predict that Pebblebrook Hotel Trust will post 1.52 earnings per share for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.32%. The ex-dividend date was Monday, September 30th. Pebblebrook Hotel Trust’s payout ratio is -3.92%.

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.