Pebblebrook Hotel Trust (NYSE:PEB) Given Average Recommendation of “Reduce” by Analysts

Pebblebrook Hotel Trust (NYSE:PEB) has received a consensus recommendation of “Reduce” from the seven research firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $14.42.

A number of research analysts have commented on PEB shares. Truist Financial reduced their price objective on 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. StockNews.com raised Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research report on Sunday.

Pebblebrook Hotel Trust Price Performance

PEB stock opened at $12.46 on Monday. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of -12.22, a price-to-earnings-growth ratio of 0.58 and a beta of 1.84. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.78. Pebblebrook Hotel Trust has a 52-week low of $11.39 and a 52-week high of $16.65. The stock’s fifty day simple moving average is $13.52 and its 200-day simple moving average is $14.68.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.42). The company had revenue of $397.11 million for the quarter, compared to analyst estimates 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 business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the company posted $0.62 EPS. Equities research analysts expect that Pebblebrook Hotel Trust will post 1.51 EPS for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend was Friday, June 28th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is currently -3.92%.

Insider Transactions at Pebblebrook Hotel Trust

In other news, Director Phillip M. Miller sold 3,500 shares of the business’s stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Pebblebrook Hotel Trust news, Director Phillip M. Miller sold 3,500 shares of the firm’s stock in a transaction dated 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 owns 13,098 shares in the company, valued at approximately $174,072.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jon E. Bortz purchased 66,000 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was bought at an average cost of $11.98 per share, with a total value of $790,680.00. Following the acquisition, the chief executive officer now owns 1,319,284 shares of the company’s stock, valued at $15,805,022.32. The disclosure for this purchase can be found here. Company insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Institutional investors have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC lifted its holdings in Pebblebrook Hotel Trust by 145.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 35,769 shares of the real estate investment trust’s stock worth $572,000 after acquiring an additional 21,190 shares in the last quarter. Custom Index Systems LLC bought a new stake in Pebblebrook Hotel Trust during the 4th quarter worth approximately $267,000. Louisiana State Employees Retirement System acquired a new stake in Pebblebrook Hotel Trust during the 4th quarter worth approximately $964,000. Phocas Financial Corp. raised its holdings in Pebblebrook Hotel Trust by 437.3% during the 4th quarter. Phocas Financial Corp. now owns 220,570 shares of the real estate investment trust’s stock worth $3,525,000 after buying an additional 179,518 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Pebblebrook Hotel Trust by 5.7% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 141,739 shares of the real estate investment trust’s stock valued at $2,265,000 after buying an additional 7,693 shares during the period.

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.