Pebblebrook Hotel Trust (NYSE:PEB) Upgraded by StockNews.com to Hold

StockNews.com upgraded shares of Pebblebrook Hotel Trust (NYSE:PEB) from a sell rating to a hold rating in a research note released on Sunday.

Separately, Truist Financial reduced their target price on shares of Pebblebrook Hotel Trust from $16.00 to $15.00 and set a hold rating on the stock in a report on Thursday, May 30th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $14.42.

Pebblebrook Hotel Trust Trading Up 3.3 %

Shares of Pebblebrook Hotel Trust stock opened at $12.37 on Friday. The firm has a market capitalization of $1.49 billion, a PE ratio of -12.13, a price-to-earnings-growth ratio of 0.58 and a beta of 1.84. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.78. The firm’s 50 day moving average is $13.43 and its 200 day moving average is $14.63. Pebblebrook Hotel Trust has a 1 year low of $11.39 and a 1 year high of $16.65.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.16 earnings per share 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 business had revenue of $397.11 million for the quarter, compared to the consensus estimate of $396.29 million. During the same period in the previous year, the firm earned $0.62 earnings per share. The company’s revenue was up 3.3% compared to the same quarter last year. Equities research analysts forecast that Pebblebrook Hotel Trust will post 1.51 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

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

Insider Transactions at Pebblebrook Hotel Trust

In other news, CEO Jon E. Bortz purchased 17,000 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were purchased at an average price of $13.67 per share, for a total transaction of $232,390.00. Following the transaction, the chief executive officer now owns 1,208,284 shares of the company’s stock, valued at $16,517,242.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Phillip M. Miller sold 3,500 shares of the business’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $13.29, for a total transaction of $46,515.00. Following the transaction, the director now owns 13,098 shares in the company, valued at approximately $174,072.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jon E. Bortz bought 17,000 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were bought at an average price of $13.67 per share, for a total transaction of $232,390.00. Following the transaction, the chief executive officer now directly owns 1,208,284 shares in the company, valued at $16,517,242.28. The disclosure for this purchase can be found here. Corporate insiders own 2.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Principal Securities Inc. acquired a new position in shares of Pebblebrook Hotel Trust during the 4th quarter valued at $64,000. Blue Trust Inc. raised its holdings 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 buying an additional 9,740 shares during the last quarter. Quest Partners LLC acquired a new position in Pebblebrook Hotel Trust during the fourth quarter worth $157,000. Van ECK Associates Corp raised its holdings in Pebblebrook Hotel Trust by 7.1% during the second quarter. Van ECK Associates Corp now owns 18,270 shares of the real estate investment trust’s stock worth $251,000 after buying an additional 1,215 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in Pebblebrook Hotel Trust during the fourth quarter worth $266,000.

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.