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

Pebblebrook Hotel Trust (NYSE:PEB) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Monday.

Several other equities research analysts have also commented on PEB. Truist Financial lowered their price objective on Pebblebrook Hotel Trust from $16.00 to $15.00 and set a “hold” rating on the stock in a research report on Thursday, May 30th. Wells Fargo & Company lowered their price target on shares of Pebblebrook Hotel Trust from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Friday. Three analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat, Pebblebrook Hotel Trust has a consensus rating of “Hold” and an average price target of $13.92.

Pebblebrook Hotel Trust Stock Performance

NYSE PEB traded down $0.07 on Monday, reaching $12.90. 914,324 shares of the company’s stock traded hands, compared to its average volume of 1,608,116. 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 debt-to-equity ratio of 0.78, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of -12.65, a P/E/G ratio of 0.60 and a beta of 1.84. The stock has a 50 day moving average price of $13.03 and a 200-day moving average price of $14.14.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $396.29 million. During the same period last year, the firm earned $0.62 EPS. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. Equities research analysts predict that Pebblebrook Hotel Trust will post 1.51 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Jon E. Bortz purchased 66,000 shares of Pebblebrook Hotel Trust stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average price of $11.98 per share, for a total transaction of $790,680.00. Following the transaction, the chief executive officer now directly owns 1,319,284 shares in the company, valued at $15,805,022.32. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Jon E. Bortz bought 22,000 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were acquired at an average price of $12.21 per share, for a total transaction of $268,620.00. Following the completion of the transaction, the chief executive officer now directly owns 1,341,284 shares in the company, valued at approximately $16,377,077.64. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jon E. Bortz purchased 66,000 shares of the stock in a transaction dated Monday, August 5th. The stock was purchased at an average cost of $11.98 per share, for a total transaction of $790,680.00. Following the completion of the purchase, the chief executive officer now directly 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. 2.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PEB. Victory Capital Management Inc. raised its holdings in Pebblebrook Hotel Trust by 21.8% in the 4th quarter. Victory Capital Management Inc. now owns 30,638 shares of the real estate investment trust’s stock valued at $490,000 after acquiring an additional 5,475 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Pebblebrook Hotel Trust by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,206,660 shares of the real estate investment trust’s stock worth $35,262,000 after buying an additional 18,325 shares in the last quarter. Principal Securities Inc. acquired a new position in Pebblebrook Hotel Trust during the fourth quarter worth $64,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Pebblebrook Hotel Trust by 5.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 76,603 shares of the real estate investment trust’s stock valued at $1,177,000 after buying an additional 3,724 shares in the last quarter. Finally, Norges Bank purchased a new stake in Pebblebrook Hotel Trust in the 4th quarter valued at $8,798,000.

About Pebblebrook Hotel Trust

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.