Robert W. Baird Lowers Pebblebrook Hotel Trust (NYSE:PEB) Price Target to $14.00

Pebblebrook Hotel Trust (NYSE:PEB) had its price target lowered by investment analysts at Robert W. Baird from $15.00 to $14.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. Robert W. Baird’s price objective would suggest a potential upside of 10.76% from the company’s current price.

A number of other research firms have also commented on PEB. Truist Financial lowered their target price on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating for the company in a report on Monday. Wells Fargo & Company decreased their price objective on 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. Finally, StockNews.com downgraded Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $13.75.

Pebblebrook Hotel Trust Stock Up 1.4 %

Shares of NYSE PEB opened at $12.64 on Thursday. Pebblebrook Hotel Trust has a 1 year low of $11.39 and a 1 year high of $16.65. The firm’s 50-day moving average is $12.96 and its 200-day moving average is $13.54. 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 has a market capitalization of $1.52 billion, a PE ratio of -11.49, a price-to-earnings-growth ratio of 0.58 and a beta of 1.84.

Insider Activity

In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz bought 22,000 shares of the stock in a transaction that occurred 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 purchase, the chief executive officer now owns 1,341,284 shares in the company, valued at $16,377,077.64. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz acquired 66,000 shares of the stock in a transaction dated Monday, August 5th. The shares were bought at an average cost of $11.98 per share, for a total transaction of $790,680.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,319,284 shares of the company’s stock, valued at approximately $15,805,022.32. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jon E. Bortz purchased 22,000 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were acquired at an average cost of $12.21 per share, for a total transaction of $268,620.00. Following the completion of the transaction, the chief executive officer now directly owns 1,341,284 shares in the company, valued at approximately $16,377,077.64. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. SG Americas Securities LLC raised its stake in shares of 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 purchasing an additional 44,273 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its stake in Pebblebrook Hotel Trust by 38.1% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,963,388 shares of the real estate investment trust’s stock valued at $26,997,000 after acquiring an additional 541,573 shares during the last quarter. Earnest Partners LLC grew its position in shares of Pebblebrook Hotel Trust by 1.0% in the 2nd 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 during the period. Texas Permanent School Fund Corp raised its holdings 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 period. Finally, Blue Trust Inc. raised its holdings in shares of 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 valued at $153,000 after purchasing an additional 9,740 shares during the period.

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.