Pebblebrook Hotel Trust (NYSE:PEB) Upgraded to “Hold” by StockNews.com

Pebblebrook Hotel Trust (NYSE:PEB) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

Other equities analysts have also issued reports about the stock. Truist Financial increased their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $16.00 and gave the company a “hold” rating in a research report on Thursday, January 18th. Bank of America downgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.50 price target on the stock. in a research note on Monday, January 8th. Finally, Compass Point restated a “neutral” rating and issued a $17.00 price target on shares of Pebblebrook Hotel Trust in a research note on Thursday, March 28th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.78.

Pebblebrook Hotel Trust Stock Performance

NYSE PEB traded up $0.14 on Wednesday, hitting $15.59. 3,105,639 shares of the stock were exchanged, compared to its average volume of 1,559,783. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.97 and a quick ratio of 0.97. The business’s fifty day moving average is $15.65 and its 200 day moving average is $14.67. Pebblebrook Hotel Trust has a 52 week low of $11.39 and a 52 week high of $16.65. The company has a market capitalization of $1.87 billion, a PE ratio of -16.07, a P/E/G ratio of 0.69 and a beta of 1.86.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.48). The company had revenue of $314.10 million during the quarter, compared to the consensus estimate of $304.34 million. Pebblebrook Hotel Trust had a negative net margin of 5.49% and a negative return on equity of 2.65%. Pebblebrook Hotel Trust’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.18 earnings per share. Research analysts anticipate that Pebblebrook Hotel Trust will post 1.57 EPS for the current fiscal year.

Insider Transactions at Pebblebrook Hotel Trust

In related news, insider Thomas Charles Fisher sold 11,441 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $15.62, for a total value of $178,708.42. Following the completion of the transaction, the insider now owns 254,449 shares in the company, valued at approximately $3,974,493.38. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 2.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Principal Securities Inc. bought a new stake in shares of Pebblebrook Hotel Trust in the 4th quarter valued at $64,000. Allspring Global Investments Holdings LLC increased its stake in shares of Pebblebrook Hotel Trust by 13.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,687 shares of the real estate investment trust’s stock valued at $104,000 after acquiring an additional 884 shares in the last quarter. Quest Partners LLC bought a new stake in shares of Pebblebrook Hotel Trust in the 4th quarter valued at $157,000. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Pebblebrook Hotel Trust in the 3rd quarter valued at $148,000. Finally, Sequoia Financial Advisors LLC increased its stake in shares of Pebblebrook Hotel Trust by 6.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 14,579 shares of the real estate investment trust’s stock valued at $198,000 after acquiring an additional 942 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.