Pebblebrook Hotel Trust (PEB) Downgraded by BidaskClub to Hold

Pebblebrook Hotel Trust (NYSE:PEB) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, July 11th.

Several other equities research analysts also recently commented on PEB. Goldman Sachs Group, Inc. (The) initiated coverage on Pebblebrook Hotel Trust in a report on Monday, April 10th. They issued a “neutral” rating and a $27.00 price objective for the company. Boenning Scattergood reissued a “neutral” rating on shares of Pebblebrook Hotel Trust in a research report on Wednesday, April 12th. Zacks Investment Research raised Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research report on Saturday, April 29th. ValuEngine raised Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Stifel Nicolaus raised their target price on Pebblebrook Hotel Trust from $30.00 to $31.50 and gave the stock a “hold” rating in a research report on Wednesday, June 21st. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $31.92.

Pebblebrook Hotel Trust (PEB) opened at 31.96 on Tuesday. The company has a 50 day moving average of $32.80 and a 200-day moving average of $30.71. Pebblebrook Hotel Trust has a one year low of $23.56 and a one year high of $34.38. The stock has a market capitalization of $2.20 billion, a P/E ratio of 116.22 and a beta of 1.24.

Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.75 EPS for the quarter, topping the consensus estimate of $0.67 by $0.08. Pebblebrook Hotel Trust had a return on equity of 2.59% and a net margin of 5.09%. The company had revenue of $205.72 million during the quarter, compared to the consensus estimate of $199.30 million. During the same period last year, the company earned $0.81 EPS. Pebblebrook Hotel Trust’s revenue for the quarter was down 3.1% on a year-over-year basis. Equities research analysts predict that Pebblebrook Hotel Trust will post $1.03 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust declared that its board has authorized a share buyback plan on Thursday, July 27th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to purchase up to 4.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

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Several hedge funds and other institutional investors have recently bought and sold shares of PEB. Dimensional Fund Advisors LP boosted its position in Pebblebrook Hotel Trust by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,059,676 shares of the real estate investment trust’s stock worth $34,166,000 after buying an additional 49,972 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in Pebblebrook Hotel Trust by 22.9% in the second quarter. Parametric Portfolio Associates LLC now owns 79,619 shares of the real estate investment trust’s stock worth $2,567,000 after buying an additional 14,818 shares during the last quarter. M&T Bank Corp boosted its position in Pebblebrook Hotel Trust by 12.5% in the second quarter. M&T Bank Corp now owns 8,848 shares of the real estate investment trust’s stock worth $286,000 after buying an additional 986 shares during the last quarter. California Public Employees Retirement System boosted its position in Pebblebrook Hotel Trust by 1.5% in the second quarter. California Public Employees Retirement System now owns 167,400 shares of the real estate investment trust’s stock worth $5,397,000 after buying an additional 2,500 shares during the last quarter. Finally, FIL Ltd boosted its position in Pebblebrook Hotel Trust by 35.4% in the second quarter. FIL Ltd now owns 228,507 shares of the real estate investment trust’s stock worth $7,367,000 after buying an additional 59,765 shares during the last quarter.

Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust is an internally managed hotel investment company. The Company is a real estate investment trust (REIT) that acquires and invests in hotel properties located primarily in cities of the United States. As of December 31, 2016, the Company owned 29 hotels with a total of 7,219 guest rooms.

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