Pebblebrook Hotel Trust (NYSE:PEB) Receives $14.92 Consensus Price Target from Analysts

Shares of Pebblebrook Hotel Trust (NYSE:PEB) have received an average rating of “Hold” from the seven research firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $14.64.

PEB has been the topic of several research analyst reports. Wells Fargo & Company boosted their target price on shares of Pebblebrook Hotel Trust from $14.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Monday, December 9th. StockNews.com lowered shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Stifel Nicolaus upgraded Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and raised their target price for the stock from $14.75 to $15.00 in a research note on Friday, November 22nd. Truist Financial dropped their price target on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating on the stock in a research note on Monday, October 28th. Finally, Compass Point upgraded Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Thursday, November 21st.

Insider Transactions at Pebblebrook Hotel Trust

In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz bought 13,000 shares of Pebblebrook Hotel Trust stock in a transaction dated Thursday, November 21st. The stock was acquired at an average cost of $12.68 per share, with a total value of $164,840.00. Following the purchase, the chief executive officer now directly owns 1,395,284 shares in the company, valued at $17,692,201.12. This represents a 0.94 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jon E. Bortz sold 11,000 shares of Pebblebrook Hotel Trust stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $21.37, for a total transaction of $235,070.00. Following the completion of the sale, the chief executive officer now directly owns 1,349,284 shares in the company, valued at $28,834,199.08. This represents a 0.81 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. D. E. Shaw & Co. Inc. increased 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. Earnest Partners LLC grew its holdings 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 buying an additional 51,677 shares in the last quarter. Atom Investors LP acquired a new stake in shares of Pebblebrook Hotel Trust in the third quarter valued at about $1,363,000. GSA Capital Partners LLP lifted its stake in shares of Pebblebrook Hotel Trust by 47.4% in the third quarter. GSA Capital Partners LLP now owns 223,654 shares of the real estate investment trust’s stock worth $2,959,000 after buying an additional 71,920 shares in the last quarter. Finally, PEAK6 Investments LLC acquired a new position in Pebblebrook Hotel Trust during the third quarter worth about $884,000.

Pebblebrook Hotel Trust Trading Up 1.4 %

Pebblebrook Hotel Trust stock opened at $13.45 on Thursday. Pebblebrook Hotel Trust has a one year low of $11.65 and a one year high of $16.65. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market cap of $1.61 billion, a PE ratio of -46.38, a price-to-earnings-growth ratio of 0.69 and a beta of 1.86. The stock has a 50-day moving average of $13.44 and a two-hundred day moving average of $13.22.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend is Tuesday, December 31st. Pebblebrook Hotel Trust’s payout ratio is presently -13.79%.

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.