Pebblebrook Hotel Trust (PEB) Upgraded by Zacks Investment Research to “Hold”

Zacks Investment Research upgraded shares of Pebblebrook Hotel Trust (NYSE:PEB) from a sell rating to a hold rating in a report published on Wednesday morning.

According to Zacks, “Pebblebrook Hotel Trust is an internally managed hotel investment company organized to acquire and invest in hotel properties located primarily in large United States cities with an emphasis on the major coastal markets. The Company may invest in resort properties located near its primary urban target markets, as well as in select destination markets. Pebblebrook Hotel Trust focuses on hotel properties in the lodging industry. In addition, the Company may seek to acquire service properties in its primary urban target markets. “

A number of other research analysts also recently commented on the stock. Royal Bank of Canada reissued a buy rating and issued a $40.00 price objective on shares of Pebblebrook Hotel Trust in a research report on Wednesday, August 15th. Bank of America reissued a buy rating and issued a $36.00 price objective on shares of Pebblebrook Hotel Trust in a research report on Monday, October 29th. Stifel Nicolaus raised shares of Pebblebrook Hotel Trust from a hold rating to a buy rating and set a $38.00 price objective for the company in a research report on Monday, November 12th. ValuEngine downgraded shares of Pebblebrook Hotel Trust from a buy rating to a hold rating in a research report on Thursday, August 2nd. Finally, Robert W. Baird set a $38.00 price objective on shares of Pebblebrook Hotel Trust and gave the company a hold rating in a research report on Wednesday, October 10th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Pebblebrook Hotel Trust presently has an average rating of Buy and a consensus target price of $38.67.

Shares of PEB stock opened at $34.92 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.61. Pebblebrook Hotel Trust has a 1 year low of $31.05 and a 1 year high of $41.65. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 2.68 and a beta of 1.19.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Thursday, November 29th will be given a $0.2478 dividend. This represents a $0.99 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Wednesday, November 28th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently 38.52%.

Several institutional investors and hedge funds have recently made changes to their positions in PEB. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Pebblebrook Hotel Trust by 2.1% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 68,758 shares of the real estate investment trust’s stock worth $2,668,000 after buying an additional 1,405 shares during the period. Sigma Planning Corp boosted its holdings in shares of Pebblebrook Hotel Trust by 10.5% during the 2nd quarter. Sigma Planning Corp now owns 17,618 shares of the real estate investment trust’s stock worth $684,000 after buying an additional 1,672 shares during the period. United Services Automobile Association boosted its holdings in shares of Pebblebrook Hotel Trust by 14.0% during the 2nd quarter. United Services Automobile Association now owns 15,381 shares of the real estate investment trust’s stock worth $597,000 after buying an additional 1,883 shares during the period. Motley Fool Wealth Management LLC boosted its holdings in shares of Pebblebrook Hotel Trust by 2.6% during the 2nd quarter. Motley Fool Wealth Management LLC now owns 74,492 shares of the real estate investment trust’s stock worth $2,890,000 after buying an additional 1,910 shares during the period. Finally, Great West Life Assurance Co. Can boosted its holdings in shares of Pebblebrook Hotel Trust by 4.4% during the 3rd quarter. Great West Life Assurance Co. Can now owns 46,801 shares of the real estate investment trust’s stock worth $1,702,000 after buying an additional 1,974 shares during the period.

Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust is a publicly traded real estate investment trust (“REIT”) organized to opportunistically acquire and invest primarily in upper upscale, full-service hotels located in urban markets in major gateway cities. The Company owns 28 hotels, with a total of 6,973 guest rooms. The Company owns hotels located in 9 states and the District of Columbia, including: Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Washington, DC; Coral Gables, Florida; Naples, Florida; Buckhead, Georgia; Boston, Massachusetts; Minneapolis, Minnesota; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.

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