Pebblebrook Hotel Trust (NYSE:PEB) Given New $14.00 Price Target at Robert W. Baird

Pebblebrook Hotel Trust (NYSE:PEB) had its target price trimmed by Robert W. Baird from $15.00 to $14.00 in a report published on Thursday morning, Benzinga reports. The firm currently has a neutral rating on the real estate investment trust’s stock.

PEB has been the topic of several other research reports. Wells Fargo & Company dropped their price objective on Pebblebrook Hotel Trust from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Friday, September 13th. StockNews.com downgraded Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Finally, Truist Financial decreased their price objective on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating for the company in a report on Monday, October 28th. Three investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, Pebblebrook Hotel Trust currently has a consensus rating of “Hold” and a consensus price target of $13.75.

Pebblebrook Hotel Trust Price Performance

Pebblebrook Hotel Trust stock opened at $11.85 on Thursday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of -10.77, a price-to-earnings-growth ratio of 0.56 and a beta of 1.85. The firm has a 50-day moving average of $12.91 and a two-hundred day moving average of $13.49. Pebblebrook Hotel Trust has a 1 year low of $11.39 and a 1 year high of $16.65.

Pebblebrook Hotel Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend was Monday, September 30th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is currently -3.64%.

Insider Activity at Pebblebrook Hotel Trust

In other news, CEO Jon E. Bortz purchased 22,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was acquired at an average cost of $12.21 per share, with a total value of $268,620.00. Following the completion of the transaction, the chief executive officer now owns 1,341,284 shares in the company, valued at $16,377,077.64. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

A number of large investors have recently made changes to their positions in the business. SG Americas Securities LLC grew its stake in Pebblebrook Hotel Trust by 350.3% during the 1st quarter. SG Americas Securities LLC now owns 56,913 shares of the real estate investment trust’s stock worth $877,000 after buying an additional 44,273 shares during the last quarter. D. E. Shaw & Co. Inc. grew its stake in shares of Pebblebrook Hotel Trust by 38.1% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,963,388 shares of the real estate investment trust’s stock worth $26,997,000 after acquiring an additional 541,573 shares during the last quarter. Earnest Partners LLC increased its holdings in shares of Pebblebrook Hotel Trust by 1.0% during the second quarter. Earnest Partners LLC now owns 5,036,155 shares of the real estate investment trust’s stock valued at $69,247,000 after acquiring an additional 51,677 shares in the last quarter. Texas Permanent School Fund Corp raised its position in shares of Pebblebrook Hotel Trust by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 105,462 shares of the real estate investment trust’s stock valued at $1,625,000 after purchasing an additional 1,413 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in Pebblebrook Hotel Trust by 707.8% in the 2nd quarter. Blue Trust Inc. now owns 11,116 shares of the real estate investment trust’s stock worth $153,000 after purchasing an additional 9,740 shares in the last quarter.

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.