Pebblebrook Hotel Trust (NYSE:PEB) Receives $14.83 Consensus Target Price from Brokerages

Pebblebrook Hotel Trust (NYSE:PEB) has earned a consensus recommendation of “Hold” from the six analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $14.83.

A number of research analysts have recently issued reports on PEB shares. StockNews.com cut shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Stifel Nicolaus upgraded Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and lifted their price target for the company from $14.75 to $15.00 in a research note on Friday, November 22nd. Robert W. Baird lowered their price objective on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Wedbush cut Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 target price on the stock. in a research report on Thursday, January 2nd. Finally, Truist Financial lowered their price target on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating for the company in a research report on Monday, October 28th.

Insider Activity

In other news, CEO Jon E. Bortz purchased 13,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were purchased at an average price of $12.68 per share, with a total value of $164,840.00. Following the transaction, the chief executive officer now directly owns 1,395,284 shares of the company’s stock, valued at approximately $17,692,201.12. This represents a 0.94 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jon E. Bortz sold 11,000 shares of Pebblebrook Hotel Trust stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $21.37, for a total value of $235,070.00. Following the completion of the sale, the chief executive officer now directly owns 1,349,284 shares of the company’s stock, valued at approximately $28,834,199.08. This trade represents a 0.81 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Several institutional investors have recently added to or reduced their stakes in the business. Covestor Ltd raised its position in shares of Pebblebrook Hotel Trust by 80.1% in the third quarter. Covestor Ltd now owns 4,471 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 1,989 shares during the period. Quarry LP grew its stake in Pebblebrook Hotel Trust by 2,376.9% in the 2nd quarter. Quarry LP now owns 4,508 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 4,326 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Pebblebrook Hotel Trust by 35.0% in the 3rd 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 buying an additional 1,212 shares in the last quarter. FMR LLC raised its holdings in Pebblebrook Hotel Trust by 10.8% during the 3rd quarter. FMR LLC now owns 9,069 shares of the real estate investment trust’s stock valued at $120,000 after acquiring an additional 884 shares during the period. Finally, FORA Capital LLC purchased a new stake in shares of Pebblebrook Hotel Trust during the third quarter worth $133,000.

Pebblebrook Hotel Trust Stock Performance

NYSE PEB opened at $13.13 on Monday. The company has a market cap of $1.57 billion, a P/E ratio of -45.27, a PEG ratio of 0.63 and a beta of 1.86. The company has a fifty day simple moving average of $13.82 and a 200 day simple moving average of $13.23. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. Pebblebrook Hotel Trust has a 12-month low of $11.65 and a 12-month high of $16.65.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.30%. The ex-dividend date was Tuesday, December 31st. Pebblebrook Hotel Trust’s dividend payout ratio is -13.79%.

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.