Pebblebrook Hotel Trust (NYSE:PEB) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of Pebblebrook Hotel Trust (NYSE:PEB) have been given an average recommendation of “Reduce” by the seven brokerages that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $14.42.

A number of equities analysts have issued reports on PEB shares. StockNews.com raised Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research report on Sunday. Truist Financial lowered their price target on shares of Pebblebrook Hotel Trust from $16.00 to $15.00 and set a “hold” rating for the company in a research report on Thursday, May 30th.

Insider Activity at Pebblebrook Hotel Trust

In other Pebblebrook Hotel Trust news, Director Phillip M. Miller sold 3,500 shares of Pebblebrook Hotel Trust stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $13.29, for a total value of $46,515.00. Following the completion of the transaction, the director now directly owns 13,098 shares of the company’s stock, valued at $174,072.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Pebblebrook Hotel Trust news, Director Phillip M. Miller sold 3,500 shares of Pebblebrook Hotel Trust stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $13.29, for a total value of $46,515.00. Following the completion of the sale, the director now owns 13,098 shares of the company’s stock, valued at approximately $174,072.42. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jon E. Bortz purchased 66,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was acquired at an average price of $11.98 per share, with a total value of $790,680.00. Following 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 currently owned by insiders.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of Pebblebrook Hotel Trust in the fourth quarter worth approximately $8,798,000. Phocas Financial Corp. grew its position in Pebblebrook Hotel Trust by 437.3% in the 4th quarter. Phocas Financial Corp. now owns 220,570 shares of the real estate investment trust’s stock worth $3,525,000 after purchasing an additional 179,518 shares during the period. Jump Financial LLC raised its stake in Pebblebrook Hotel Trust by 241.7% during the 4th quarter. Jump Financial LLC now owns 234,076 shares of the real estate investment trust’s stock valued at $3,741,000 after buying an additional 165,576 shares during the last quarter. Nomura Holdings Inc. lifted its holdings in shares of Pebblebrook Hotel Trust by 44.3% during the 4th quarter. Nomura Holdings Inc. now owns 513,190 shares of the real estate investment trust’s stock valued at $8,201,000 after buying an additional 157,637 shares during the period. Finally, Louisiana State Employees Retirement System purchased a new position in shares of Pebblebrook Hotel Trust in the 4th quarter worth $964,000.

Pebblebrook Hotel Trust Trading Up 0.1 %

Shares of PEB opened at $12.46 on Monday. Pebblebrook Hotel Trust has a 1-year low of $11.39 and a 1-year high of $16.65. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of -12.22, a PEG ratio of 0.58 and a beta of 1.84. The firm’s 50-day moving average price is $13.52 and its 200-day moving average price is $14.68. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.78.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.42). The firm had revenue of $397.11 million for the quarter, compared to the consensus estimate of $396.29 million. Pebblebrook Hotel Trust had a negative net margin of 6.75% and a negative return on equity of 3.40%. The business’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.62 earnings per share. Sell-side analysts anticipate that Pebblebrook Hotel Trust will post 1.51 EPS for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend was Friday, June 28th. Pebblebrook Hotel Trust’s payout ratio is -3.92%.

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.