Pebblebrook Hotel Trust (NYSE:PEB) Given Consensus Recommendation of “Reduce” by Brokerages

Pebblebrook Hotel Trust (NYSE:PEB) has earned an average recommendation of “Reduce” from the five brokerages that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $13.90.

PEB has been the topic of a number of research reports. StockNews.com downgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Tuesday. Wells Fargo & Company cut their price objective on Pebblebrook Hotel Trust from $15.00 to $13.00 and set an “equal weight” rating for the company in a research report on Friday, September 13th.

Insider Buying and Selling

In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz bought 22,000 shares of Pebblebrook Hotel Trust stock in a transaction dated Tuesday, August 13th. The stock was bought at an average price of $12.21 per share, for a total transaction of $268,620.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,341,284 shares of the company’s stock, valued at approximately $16,377,077.64. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz bought 22,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were bought at an average price of $12.21 per share, for a total transaction of $268,620.00. Following the acquisition, the chief executive officer now directly owns 1,341,284 shares of the company’s stock, valued at approximately $16,377,077.64. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jon E. Bortz purchased 66,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average price of $11.98 per share, with a total value of $790,680.00. Following the completion of the acquisition, the chief executive officer now owns 1,319,284 shares of the company’s stock, valued at $15,805,022.32. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.40% of the company’s stock.

Institutional Trading of Pebblebrook Hotel Trust

Several hedge funds and other institutional investors have recently modified their holdings of the company. Louisiana State Employees Retirement System grew its stake in Pebblebrook Hotel Trust by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 60,600 shares of the real estate investment trust’s stock valued at $833,000 after purchasing an additional 900 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Pebblebrook Hotel Trust by 0.7% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 135,174 shares of the real estate investment trust’s stock worth $1,859,000 after buying an additional 916 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Pebblebrook Hotel Trust by 35.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,677 shares of the real estate investment trust’s stock valued at $63,000 after acquiring an additional 1,212 shares in the last quarter. Van ECK Associates Corp lifted its stake in 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 acquiring an additional 1,215 shares during the last quarter. Finally, Texas Permanent School Fund Corp grew its position in Pebblebrook Hotel Trust by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 105,462 shares of the real estate investment trust’s stock worth $1,625,000 after acquiring an additional 1,413 shares in the last quarter.

Pebblebrook Hotel Trust Stock Performance

Shares of NYSE PEB opened at $12.32 on Friday. Pebblebrook Hotel Trust has a 1 year low of $11.39 and a 1 year 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 stock has a fifty day moving average price of $12.97 and a two-hundred day moving average price of $13.62. The firm has a market cap of $1.48 billion, a P/E ratio of -11.20, a PEG ratio of 0.58 and a beta of 1.84.

Pebblebrook Hotel Trust (NYSE:PEB) last released its 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 return on equity of 3.40% and a negative net margin of 6.75%. The firm had revenue of $397.11 million for the quarter, compared to analyst estimates of $396.29 million. During the same period in the previous year, the firm earned $0.62 earnings per share. Pebblebrook Hotel Trust’s revenue was up 3.3% on a year-over-year basis. Research analysts forecast that Pebblebrook Hotel Trust will post 1.52 EPS for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.01 per share. The ex-dividend date was Monday, September 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.32%. Pebblebrook Hotel Trust’s dividend payout ratio is currently -3.64%.

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.