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

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

Other equities analysts have also recently issued reports about the stock. Truist Financial reduced their price target on shares of 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 decreased their target price on Pebblebrook Hotel Trust from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Friday, September 13th. Three investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $13.92.

Pebblebrook Hotel Trust Price Performance

PEB opened at $13.55 on Wednesday. The company has a fifty day moving average price of $13.08 and a two-hundred day moving average price of $14.03. The firm has a market capitalization of $1.63 billion, a PE ratio of -13.29, a P/E/G ratio of 0.66 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 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 announced its quarterly earnings results 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). 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 the consensus estimate of $396.29 million. During the same period last year, the company earned $0.62 earnings per share. The business’s revenue was up 3.3% compared to the same quarter last year. As a group, analysts anticipate that Pebblebrook Hotel Trust will post 1.51 earnings per share for the current year.

Insider Buying and Selling at Pebblebrook Hotel Trust

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP boosted its holdings in shares of Pebblebrook Hotel Trust by 2,376.9% during the 2nd quarter. Quarry LP now owns 4,508 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 4,326 shares during the period. Blue Trust Inc. lifted its position in Pebblebrook Hotel Trust by 707.8% during the second 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 during the last quarter. Algert Global LLC bought a new stake in shares of Pebblebrook Hotel Trust during the second quarter worth approximately $167,000. Quadrature Capital Ltd bought a new stake in shares of Pebblebrook Hotel Trust during the fourth quarter worth approximately $266,000. Finally, Van ECK Associates Corp grew its position in shares of Pebblebrook Hotel Trust by 7.1% in the second quarter. Van ECK Associates Corp now owns 18,270 shares of the real estate investment trust’s stock valued at $251,000 after purchasing an additional 1,215 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.