Pebblebrook Hotel Trust (NYSE:PEB – Get Free Report) was upgraded by analysts at Compass Point from a “neutral” rating to a “buy” rating in a report issued on Thursday,Briefing.com Automated Import reports. The brokerage presently has a $17.00 price objective on the real estate investment trust’s stock. Compass Point’s target price indicates a potential upside of 37.43% from the company’s current price.
PEB has been the subject of several other reports. Truist Financial dropped their target price on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating for the company in a research report on Monday, October 28th. Robert W. Baird cut their target price on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Wells Fargo & Company cut their price objective on Pebblebrook Hotel Trust from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Friday, September 13th. Finally, StockNews.com cut Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $14.30.
View Our Latest Analysis on Pebblebrook Hotel Trust
Pebblebrook Hotel Trust Price Performance
Insider Buying and Selling
In other news, CEO Jon E. Bortz sold 11,000 shares of Pebblebrook Hotel Trust stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $21.37, for a total transaction of $235,070.00. Following the sale, the chief executive officer now owns 1,349,284 shares of the company’s stock, valued at approximately $28,834,199.08. The trade was a 0.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.40% of the stock is owned by insiders.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its position in shares of Pebblebrook Hotel Trust by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,043,473 shares of the real estate investment trust’s stock worth $40,272,000 after buying an additional 28,871 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in Pebblebrook Hotel Trust by 0.7% in the third quarter. Public Employees Retirement System of Ohio now owns 191,009 shares of the real estate investment trust’s stock worth $2,527,000 after acquiring an additional 1,402 shares in the last quarter. Stifel Financial Corp grew its stake in shares of Pebblebrook Hotel Trust by 11.3% in the third quarter. Stifel Financial Corp now owns 25,302 shares of the real estate investment trust’s stock worth $335,000 after acquiring an additional 2,575 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Pebblebrook Hotel Trust during the third quarter valued at $185,000. Finally, Heitman Real Estate Securities LLC boosted its stake in Pebblebrook Hotel Trust by 4.7% in the 3rd quarter. Heitman Real Estate Securities LLC now owns 89,527 shares of the real estate investment trust’s stock worth $1,184,000 after purchasing an additional 4,033 shares in the last quarter.
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.
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