Pebblebrook Hotel Trust (NYSE:PEB) Lifted to Hold at StockNews.com

StockNews.com upgraded shares of Pebblebrook Hotel Trust (NYSE:PEB) from a sell rating to a hold rating in a research report sent to investors on Monday morning.

Separately, Wells Fargo & Company reduced their price target on shares of Pebblebrook Hotel Trust from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Friday, September 13th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $13.90.

Pebblebrook Hotel Trust Trading Up 1.3 %

NYSE:PEB opened at $12.89 on Monday. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of -12.64, a PEG ratio of 0.59 and a beta of 1.84. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.78. The company’s 50 day moving average price is $12.97 and its 200-day moving average price is $13.75. Pebblebrook Hotel Trust has a 52 week low of $11.39 and a 52 week 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 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.42). The business had revenue of $397.11 million during the quarter, compared to the consensus estimate of $396.29 million. Pebblebrook Hotel Trust had a negative return on equity of 3.40% and a negative net margin of 6.75%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.62 EPS. On average, equities research analysts forecast that Pebblebrook Hotel Trust will post 1.52 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.01 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.04 annualized dividend and a yield of 0.31%. Pebblebrook Hotel Trust’s payout ratio is presently -3.92%.

Insider Activity

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

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Several large investors have recently made changes to their positions in PEB. SG Americas Securities LLC grew its position in shares of Pebblebrook Hotel Trust by 350.3% during the first quarter. SG Americas Securities LLC now owns 56,913 shares of the real estate investment trust’s stock worth $877,000 after purchasing an additional 44,273 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its stake in Pebblebrook Hotel Trust by 38.1% in the 2nd 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 purchasing an additional 541,573 shares during the period. Nomura Holdings Inc. grew its holdings in 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 in the last quarter. Earnest Partners LLC raised its position 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 buying an additional 51,677 shares during the last quarter. Finally, Texas Permanent School Fund Corp lifted its holdings in shares of 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 buying an additional 1,413 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.