Pebblebrook Hotel Trust (NYSE:PEB) Given New $13.00 Price Target at Truist Financial

Pebblebrook Hotel Trust (NYSE:PEB) had its price target lowered by analysts at Truist Financial from $14.00 to $13.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s target price would suggest a potential upside of 1.52% from the stock’s current price.

Several other brokerages have also recently issued reports on PEB. StockNews.com cut Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus upgraded Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and lifted their price target for the company from $14.75 to $15.00 in a research report on Friday, November 22nd. Wedbush cut Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price target for the company. in a research report on Thursday, January 2nd. Compass Point upgraded Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Thursday, November 21st. Finally, Wells Fargo & Company lifted their price target on Pebblebrook Hotel Trust from $14.00 to $16.00 and gave the company an “equal weight” rating in a research report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.67.

Pebblebrook Hotel Trust Stock Performance

Shares of NYSE:PEB traded up $0.08 during trading on Tuesday, hitting $12.81. The stock had a trading volume of 368,105 shares, compared to its average volume of 1,796,167. Pebblebrook Hotel Trust has a 12-month low of $11.65 and a 12-month high of $16.65. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of -44.19, a price-to-earnings-growth ratio of 0.62 and a beta of 1.85. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78. The stock has a 50-day simple moving average of $13.82 and a two-hundred day simple moving average of $13.23.

Insider Activity

In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz acquired 13,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was acquired at an average cost of $12.68 per share, for a total transaction of $164,840.00. Following the completion of the transaction, the chief executive officer now directly owns 1,395,284 shares of the company’s stock, valued at $17,692,201.12. This represents a 0.94 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jon E. Bortz sold 11,000 shares of Pebblebrook Hotel Trust stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $21.37, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.

Institutional Trading of Pebblebrook Hotel Trust

A number of institutional investors have recently made changes to their positions in the company. Y Intercept Hong Kong Ltd acquired a new position in Pebblebrook Hotel Trust during the fourth quarter worth $358,000. Sanctuary Advisors LLC acquired a new position in Pebblebrook Hotel Trust during the fourth quarter worth $470,000. State of New Jersey Common Pension Fund D boosted its stake in Pebblebrook Hotel Trust by 6.2% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 317,254 shares of the real estate investment trust’s stock worth $4,299,000 after buying an additional 18,467 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in Pebblebrook Hotel Trust by 1.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 177,178 shares of the real estate investment trust’s stock worth $2,406,000 after buying an additional 2,337 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in Pebblebrook Hotel Trust by 10.2% during the fourth quarter. Van ECK Associates Corp now owns 22,619 shares of the real estate investment trust’s stock worth $306,000 after buying an additional 2,096 shares during 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.