Pebblebrook Hotel Trust (NYSE:PEB) Cut to “Sell” at StockNews.com

Pebblebrook Hotel Trust (NYSE:PEB) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

Separately, Wells Fargo & Company decreased their price target on Pebblebrook Hotel Trust from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Friday, September 13th. Three equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat, Pebblebrook Hotel Trust has an average rating of “Hold” and a consensus price target of $13.90.

Pebblebrook Hotel Trust Price Performance

NYSE PEB opened at $12.49 on Tuesday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.78. The stock has a market capitalization 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. Pebblebrook Hotel Trust has a 12-month low of $11.39 and a 12-month high of $16.65. The company has a 50 day moving average price of $12.99 and a two-hundred day moving average price of $13.68.

Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings data 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). The business had revenue of $397.11 million during the quarter, compared to analyst estimates 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 firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.62 EPS. As a group, equities analysts predict that Pebblebrook Hotel Trust will post 1.52 earnings per share for the current fiscal year.

Insider Activity

In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz acquired 22,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was acquired 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 trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz purchased 66,000 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was bought at an average cost of $11.98 per share, for a total transaction of $790,680.00. Following the completion of the acquisition, 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jon E. Bortz acquired 22,000 shares of the stock in a transaction dated Tuesday, August 13th. The stock was bought at an average price of $12.21 per share, for a total transaction of $268,620.00. Following the purchase, the chief executive officer now owns 1,341,284 shares of the company’s stock, valued at $16,377,077.64. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Large investors have recently bought and sold shares of the stock. Quarry LP grew its position in Pebblebrook Hotel Trust by 2,376.9% in the 2nd quarter. Quarry LP now owns 4,508 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 4,326 shares during the last quarter. Blue Trust Inc. increased its position in shares of Pebblebrook Hotel Trust by 707.8% during the second quarter. Blue Trust Inc. now owns 11,116 shares of the real estate investment trust’s stock valued at $153,000 after purchasing an additional 9,740 shares during the period. Algert Global LLC acquired a new position in shares of Pebblebrook Hotel Trust in the second quarter valued at $167,000. Van ECK Associates Corp lifted its position in Pebblebrook Hotel Trust by 7.1% in the second quarter. Van ECK Associates Corp now owns 18,270 shares of the real estate investment trust’s stock worth $251,000 after purchasing an additional 1,215 shares during the period. Finally, Quadrature Capital Ltd bought a new position in Pebblebrook Hotel Trust in the fourth quarter worth $266,000.

About Pebblebrook Hotel Trust

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.