Brokerages Set Pebblebrook Hotel Trust (NYSE:PEB) PT at $13.90

Shares of Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) have been assigned a consensus rating of "Reduce" from the five research firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $13.90.

A number of brokerages have recently issued reports on PEB. StockNews.com raised Pebblebrook Hotel Trust from a "sell" rating to a "hold" rating in a research report on Monday, October 14th. Wells Fargo & Company dropped their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $13.00 and set an "equal weight" rating on the stock in a report on Friday, September 13th.

Pebblebrook Hotel Trust Trading Down 0.3 %

PEB stock traded down $0.04 during trading on Friday, hitting $12.65. The company had a trading volume of 2,093,532 shares, compared to its average volume of 2,204,745. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $1.52 billion, a P/E ratio of -12.40, a PEG ratio of 0.59 and a beta of 1.84. The company has a 50 day simple moving average of $12.98 and a 200-day simple moving average of $13.71. Pebblebrook Hotel Trust has a 52-week low of $11.39 and a 52-week high of $16.65.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.58 by ($0.42). The business had revenue of $397.11 million during the quarter, compared to the consensus estimate of $396.29 million. Pebblebrook Hotel Trust had a negative return on equity of 3.40% and a negative net margin of 6.75%. The business's quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the firm earned $0.62 EPS. As a group, research analysts forecast that Pebblebrook Hotel Trust will post 1.52 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.32%. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is -3.92%.

Insider Buying and Selling

In other news, CEO Jon E. Bortz acquired 22,000 shares of the firm's stock in a transaction on Tuesday, August 13th. The shares were bought at an average price of $12.21 per share, for a total transaction of $268,620.00. Following the acquisition, the chief executive officer now owns 1,341,284 shares of the company's stock, valued at approximately $16,377,077.64. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz acquired 66,000 shares of the firm's stock in a transaction that occurred on Monday, August 5th. The shares were purchased 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 owns 1,319,284 shares of the company's stock, valued at approximately $15,805,022.32. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jon E. Bortz purchased 22,000 shares of the stock in a transaction dated Tuesday, August 13th. The shares were acquired at an average price of $12.21 per share, with a total value of $268,620.00. Following the completion of the acquisition, the chief executive officer now owns 1,341,284 shares in the company, valued at approximately $16,377,077.64. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 2.40% of the company's stock.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quarry LP increased its stake in Pebblebrook Hotel Trust by 2,376.9% during the 2nd quarter. Quarry LP now owns 4,508 shares of the real estate investment trust's stock worth $62,000 after buying an additional 4,326 shares during the period. Algert Global LLC acquired a new position in shares of Pebblebrook Hotel Trust in the 2nd quarter valued at $167,000. The Manufacturers Life Insurance Company increased its position in shares of Pebblebrook Hotel Trust by 3.8% during the second quarter. The Manufacturers Life Insurance Company now owns 65,587 shares of the real estate investment trust's stock worth $902,000 after purchasing an additional 2,407 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in shares of 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 period. Finally, Earnest Partners LLC grew its position in 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 worth $69,247,000 after purchasing an additional 51,677 shares during 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.