Truist Financial Cuts Pebblebrook Hotel Trust (NYSE:PEB) Price Target to $14.00

Pebblebrook Hotel Trust (NYSE:PEB) had its price objective decreased by analysts at Truist Financial from $15.00 to $14.00 in a research report issued on Monday, Benzinga reports. The firm currently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s price target would suggest a potential upside of 12.31% from the company’s current price.

Several other equities analysts have also recently issued reports on PEB. Wells Fargo & Company dropped their target price on 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. StockNews.com cut Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $13.70.

Pebblebrook Hotel Trust Trading Down 0.3 %

Shares of Pebblebrook Hotel Trust stock opened at $12.47 on Monday. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of -11.33, a price-to-earnings-growth ratio of 0.58 and a beta of 1.84. Pebblebrook Hotel Trust has a 52-week low of $11.39 and a 52-week high of $16.65. The company’s 50-day simple moving average is $12.96 and its 200-day simple moving average is $13.55. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.78.

Insider Buying and Selling

In other news, CEO Jon E. Bortz bought 22,000 shares of the stock in a transaction on Tuesday, August 13th. The shares were bought at an average price of $12.21 per share, with a total value of $268,620.00. Following the completion of the acquisition, 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 available through this hyperlink. In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz bought 22,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 1,341,284 shares in the company, valued at approximately $16,377,077.64. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jon E. Bortz purchased 66,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $15,805,022.32. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Hedge funds have recently bought and sold shares of the stock. Quarry LP lifted its position in shares of Pebblebrook Hotel Trust by 2,376.9% in the second quarter. Quarry LP now owns 4,508 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 4,326 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Pebblebrook Hotel Trust by 35.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,677 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 1,212 shares during the last quarter. Blue Trust Inc. lifted its holdings in Pebblebrook Hotel Trust by 707.8% in the 2nd 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 in the last quarter. Algert Global LLC acquired a new stake in shares of Pebblebrook Hotel Trust during the 2nd quarter worth about $167,000. Finally, Van ECK Associates Corp grew its holdings in shares of Pebblebrook Hotel Trust by 12.3% during the third quarter. Van ECK Associates Corp now owns 20,523 shares of the real estate investment trust’s stock worth $247,000 after buying an additional 2,253 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.