Pebblebrook Hotel Trust (NYSE:PEB) Cut to Sell at StockNews.com

StockNews.com downgraded shares of Pebblebrook Hotel Trust (NYSE:PEB) from a hold rating to a sell rating in a research note published on Saturday.

Separately, Truist Financial reduced their target price on shares of Pebblebrook Hotel Trust from $16.00 to $15.00 and set a hold rating on the stock in a report on Thursday, May 30th. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Pebblebrook Hotel Trust presently has a consensus rating of Hold and a consensus target price of $14.42.

Pebblebrook Hotel Trust Price Performance

Shares of NYSE:PEB opened at $11.81 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.78. The company has a market cap of $1.42 billion, a P/E ratio of -11.58, a PEG ratio of 0.63 and a beta of 1.84. Pebblebrook Hotel Trust has a 52 week low of $11.39 and a 52 week high of $16.65. The company has a 50-day moving average price of $13.68 and a 200 day moving average price of $14.80.

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

Pebblebrook Hotel Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date was Friday, June 28th. Pebblebrook Hotel Trust’s dividend payout ratio is currently -3.92%.

Insider Transactions at Pebblebrook Hotel Trust

In other news, CEO Jon E. Bortz purchased 17,000 shares of Pebblebrook Hotel Trust stock in a transaction that occurred on Thursday, May 30th. The stock was acquired at an average price of $13.67 per share, for a total transaction of $232,390.00. Following the transaction, the chief executive officer now owns 1,208,284 shares in the company, valued at $16,517,242.28. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Pebblebrook Hotel Trust news, Director Phillip M. Miller sold 3,500 shares of the stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $13.29, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jon E. Bortz purchased 17,000 shares of Pebblebrook Hotel Trust stock in a transaction on Thursday, May 30th. The stock was purchased at an average price of $13.67 per share, for a total transaction of $232,390.00. Following the completion of the transaction, the chief executive officer now owns 1,208,284 shares of the company’s stock, valued at $16,517,242.28. The disclosure for this purchase can be found here. Company insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

A number of institutional investors have recently modified their holdings of PEB. Phocas Financial Corp. increased its stake in Pebblebrook Hotel Trust by 437.3% in the fourth quarter. Phocas Financial Corp. now owns 220,570 shares of the real estate investment trust’s stock valued at $3,525,000 after purchasing an additional 179,518 shares in the last quarter. SG Americas Securities LLC increased its position in Pebblebrook Hotel Trust by 350.3% during the first quarter. SG Americas Securities LLC now owns 56,913 shares of the real estate investment trust’s stock worth $877,000 after acquiring an additional 44,273 shares during the period. Nomura Holdings Inc. increased its position in Pebblebrook Hotel Trust by 44.3% during the fourth quarter. Nomura Holdings Inc. now owns 513,190 shares of the real estate investment trust’s stock worth $8,201,000 after acquiring an additional 157,637 shares during the period. Norges Bank bought a new position in Pebblebrook Hotel Trust during the fourth quarter worth about $8,798,000. Finally, Jump Financial LLC grew its stake in Pebblebrook Hotel Trust by 241.7% during the fourth quarter. Jump Financial LLC now owns 234,076 shares of the real estate investment trust’s stock worth $3,741,000 after buying an additional 165,576 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.