Pebblebrook Hotel Trust (NYSE:PEB) Price Target Raised to $14.00 at Wells Fargo & Company

Pebblebrook Hotel Trust (NYSE:PEB) had its price objective boosted by equities research analysts at Wells Fargo & Company from $13.00 to $14.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s target price points to a potential upside of 1.97% from the stock’s previous close.

Several other research analysts have also issued reports on PEB. StockNews.com lowered shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Robert W. Baird decreased their target price on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Truist Financial reduced their target price on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating for the company in a report on Monday, October 28th. Compass Point raised Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Thursday, November 21st. Finally, Stifel Nicolaus raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and upped their price objective for the company from $14.75 to $15.00 in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $14.58.

Pebblebrook Hotel Trust Stock Performance

Shares of PEB opened at $13.73 on Tuesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81. The firm’s 50 day moving average is $12.87 and its 200-day moving average is $13.27. Pebblebrook Hotel Trust has a 12-month low of $11.65 and a 12-month high of $16.65. The stock has a market capitalization of $1.64 billion, a P/E ratio of -47.34, a P/E/G ratio of 0.64 and a beta of 1.85.

Insider Buying and Selling

In other news, CEO Jon E. Bortz acquired 13,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was acquired at an average cost of $12.68 per share, for a total transaction of $164,840.00. Following the completion of the acquisition, the chief executive officer now owns 1,395,284 shares in the company, valued at approximately $17,692,201.12. The trade was a 0.94 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jon E. Bortz sold 11,000 shares of Pebblebrook Hotel Trust stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $21.37, for a total value of $235,070.00. Following 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. The trade was a 0.81 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Earnest Partners LLC lifted its holdings in shares of Pebblebrook Hotel Trust by 1.0% during 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 buying an additional 51,677 shares during the last quarter. Geode Capital Management LLC lifted its stake in Pebblebrook Hotel Trust by 1.0% in the third quarter. Geode Capital Management LLC now owns 3,043,473 shares of the real estate investment trust’s stock valued at $40,272,000 after acquiring an additional 28,871 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Pebblebrook Hotel Trust by 5.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,418,159 shares of the real estate investment trust’s stock valued at $31,992,000 after acquiring an additional 130,265 shares during the last quarter. D. E. Shaw & Co. Inc. grew its position 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 worth $26,997,000 after acquiring an additional 541,573 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Pebblebrook Hotel Trust by 68.1% during the 2nd quarter. Bank of Montreal Can now owns 1,875,288 shares of the real estate investment trust’s stock worth $25,841,000 after purchasing an additional 759,964 shares during the last quarter.

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.