Shares of Pebblebrook Hotel Trust (NYSE:PEB) have earned a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $24.71.
PEB has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Wednesday, November 3rd. Robert W. Baird reiterated a “hold” rating and set a $26.00 price target on shares of Pebblebrook Hotel Trust in a report on Friday, September 10th. Finally, Citigroup cut their price target on shares of Pebblebrook Hotel Trust from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, October 6th.
In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz sold 20,000 shares of the business’s stock in a transaction dated Wednesday, September 29th. The shares were sold at an average price of $24.75, for a total value of $495,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders sold 21,354 shares of company stock valued at $529,036. 1.90% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Pebblebrook Hotel Trust by 0.7% during the second quarter. Vanguard Group Inc. now owns 19,224,026 shares of the real estate investment trust’s stock valued at $452,726,000 after purchasing an additional 128,762 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Pebblebrook Hotel Trust by 13.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 6,794,545 shares of the real estate investment trust’s stock valued at $160,012,000 after purchasing an additional 821,565 shares in the last quarter. Brookfield Asset Management Inc. boosted its stake in shares of Pebblebrook Hotel Trust by 21.6% during the second quarter. Brookfield Asset Management Inc. now owns 3,698,578 shares of the real estate investment trust’s stock valued at $87,102,000 after purchasing an additional 656,442 shares in the last quarter. Heitman Real Estate Securities LLC lifted its position in Pebblebrook Hotel Trust by 20.0% during the second quarter. Heitman Real Estate Securities LLC now owns 3,185,944 shares of the real estate investment trust’s stock valued at $75,029,000 after acquiring an additional 529,949 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in Pebblebrook Hotel Trust by 1.4% during the third quarter. Principal Financial Group Inc. now owns 2,774,917 shares of the real estate investment trust’s stock valued at $62,186,000 after acquiring an additional 37,181 shares during the last quarter.
Pebblebrook Hotel Trust stock opened at $20.64 on Friday. The company’s 50-day moving average price is $23.02 and its 200-day moving average price is $22.65. Pebblebrook Hotel Trust has a twelve month low of $17.56 and a twelve month high of $26.45. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.74. The company has a market cap of $2.71 billion, a PE ratio of -7.42 and a beta of 1.89.
Pebblebrook Hotel Trust (NYSE:PEB) last posted its earnings results on Thursday, October 28th. The real estate investment trust reported ($0.34) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.34). Pebblebrook Hotel Trust had a negative net margin of 56.31% and a negative return on equity of 9.74%. The firm had revenue of $238.80 million for the quarter, compared to the consensus estimate of $232.39 million. During the same period in the previous year, the firm posted ($0.51) EPS. The business’s quarterly revenue was up 210.1% on a year-over-year basis. As a group, sell-side analysts expect that Pebblebrook Hotel Trust will post -0.36 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 15th. Shareholders of record on Thursday, September 30th were given a $0.01 dividend. The ex-dividend date was Wednesday, September 29th. This represents a $0.04 annualized dividend and a yield of 0.19%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is -1.44%.
Pebblebrook Hotel Trust Company Profile
Pebblebrook Hotel Trust is a real estate investment trust, which engages in the investments and acquisition in hotel properties. Its hotels are located in the markets like: Atlanta, Georgia; Boston, Massachusetts; Chicago, Illinois; Key West, Florida; Miami, Los Angeles, Naples, Nashville, Tennessee; New York, Philadelphia, Pennsylvania; Portland, Oregon; San Diego, California; San Francisco, Seattle, Stevenson, and Washington, DC The company was founded by Jon E.
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