Pebblebrook Hotel Trust (NYSE:PEB) Downgraded by StockNews.com to “Sell”

StockNews.com cut shares of Pebblebrook Hotel Trust (NYSE:PEB) from a hold rating to a sell rating in a report issued on Wednesday morning.

A number of other research analysts also recently issued reports on PEB. Truist Financial lowered their price target on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. Wells Fargo & Company lowered their target price on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. Compass Point raised Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Thursday, November 21st. Wedbush downgraded Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 target price on the stock. in a report on Thursday, January 2nd. Finally, Raymond James set a $14.00 target price on Pebblebrook Hotel Trust and gave the company an “outperform” rating in a report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Pebblebrook Hotel Trust presently has an average rating of “Hold” and an average target price of $14.14.

Pebblebrook Hotel Trust Trading Up 0.4 %

Shares of NYSE:PEB opened at $11.89 on Wednesday. The company has a market cap of $1.42 billion, a P/E ratio of -40.99, a PEG ratio of 0.60 and a beta of 1.85. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81. Pebblebrook Hotel Trust has a 1 year low of $11.47 and a 1 year high of $16.61. The stock’s fifty day moving average price is $12.96 and its 200-day moving average price is $13.10.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend was Tuesday, December 31st. Pebblebrook Hotel Trust’s dividend payout ratio is currently -9.30%.

Institutional Trading of Pebblebrook Hotel Trust

Institutional investors have recently made changes to their positions in the business. GF Fund Management CO. LTD. purchased a new position in Pebblebrook Hotel Trust during the 4th quarter valued at approximately $30,000. Quadrant Capital Group LLC grew its holdings in Pebblebrook Hotel Trust by 100.2% during the 4th quarter. Quadrant Capital Group LLC now owns 2,644 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 1,323 shares in the last quarter. Sterling Capital Management LLC grew its holdings in Pebblebrook Hotel Trust by 815.6% during the 4th quarter. Sterling Capital Management LLC now owns 3,763 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 3,352 shares in the last quarter. Covestor Ltd grew its holdings in Pebblebrook Hotel Trust by 80.1% during the 3rd quarter. Covestor Ltd now owns 4,471 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 1,989 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Pebblebrook Hotel Trust by 35.0% during 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 buying an additional 1,212 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.