Pebblebrook Hotel Trust (NYSE:PEB) Upgraded to Hold by StockNews.com

StockNews.com upgraded shares of Pebblebrook Hotel Trust (NYSE:PEB) from a sell rating to a hold rating in a research report sent to investors on Friday.

Several other equities analysts also recently issued reports on the stock. Truist Financial reduced their price objective on shares of Pebblebrook Hotel Trust from $16.00 to $15.00 and set a hold rating on the stock in a research note on Thursday, May 30th. Compass Point reiterated a neutral rating and issued a $17.00 price target on shares of Pebblebrook Hotel Trust in a report on Thursday, March 28th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat.com, Pebblebrook Hotel Trust has an average rating of Hold and a consensus price target of $14.42.

Pebblebrook Hotel Trust Stock Performance

Pebblebrook Hotel Trust stock opened at $13.75 on Friday. Pebblebrook Hotel Trust has a fifty-two week low of $11.39 and a fifty-two week high of $16.65. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of -13.48, a PEG ratio of 0.65 and a beta of 1.84. The stock has a fifty day moving average of $13.77 and a two-hundred day moving average of $14.86. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.71 and a current ratio of 0.71.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.42). The company had revenue of $397.11 million for the quarter, compared to analysts’ expectations of $396.29 million. Pebblebrook Hotel Trust had a negative return on equity of 3.40% and a negative net margin of 6.75%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.62 EPS. On average, analysts anticipate that Pebblebrook Hotel Trust will post 1.51 EPS for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a $0.01 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.29%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -3.92%.

Insider Activity

In related news, Director Phillip M. Miller sold 3,500 shares of the stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $13.29, for a total value of $46,515.00. Following the transaction, the director now directly owns 13,098 shares of the company’s stock, valued at approximately $174,072.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz acquired 17,000 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was bought at an average cost of $13.67 per share, for a total transaction of $232,390.00. Following the completion of the purchase, the chief executive officer now directly owns 1,208,284 shares in the company, valued at $16,517,242.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Phillip M. Miller sold 3,500 shares of the stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $13.29, for a total transaction of $46,515.00. Following the completion of the sale, the director now directly owns 13,098 shares of the company’s stock, valued at approximately $174,072.42. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.

Institutional Trading of Pebblebrook Hotel Trust

Institutional investors have recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System lifted its stake in shares of Pebblebrook Hotel Trust by 1.5% during the second quarter. Louisiana State Employees Retirement System now owns 60,600 shares of the real estate investment trust’s stock worth $833,000 after purchasing an additional 900 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Pebblebrook Hotel Trust by 0.7% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 135,174 shares of the real estate investment trust’s stock valued at $1,859,000 after buying an additional 916 shares during the period. Blue Trust Inc. lifted its position in Pebblebrook Hotel Trust by 707.8% during the 2nd quarter. Blue Trust Inc. now owns 11,116 shares of the real estate investment trust’s stock worth $153,000 after acquiring an additional 9,740 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in Pebblebrook Hotel Trust by 6.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 249,445 shares of the real estate investment trust’s stock worth $3,842,000 after acquiring an additional 15,231 shares during the period. Finally, Centersquare Investment Management LLC purchased a new position in Pebblebrook Hotel Trust in the 1st quarter worth approximately $445,000.

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.