Pebblebrook Hotel Trust (NYSE:PEB) Rating Lowered to Sell at StockNews.com

StockNews.com cut shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) from a hold rating to a sell rating in a research report released on Tuesday.

Separately, Wells Fargo & Company lowered their price objective on Pebblebrook Hotel Trust from $15.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Friday, September 13th. Three analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat, Pebblebrook Hotel Trust currently has a consensus rating of "Hold" and a consensus target price of $13.90.

Pebblebrook Hotel Trust Stock Performance

Shares of PEB stock traded down $0.04 during trading on Tuesday, hitting $12.45. The company's stock had a trading volume of 3,862,407 shares, compared to its average volume of 2,208,198. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.78. The company has a market cap of $1.50 billion, a PE ratio of -11.31, a P/E/G ratio of 0.59 and a beta of 1.84. The business has a fifty day moving average of $12.99 and a 200-day moving average of $13.66. 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 announced its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.42). The business had revenue of $397.11 million for the quarter, compared to analysts' expectations of $396.29 million. Pebblebrook Hotel Trust had a negative net margin of 6.75% and a negative return on equity of 3.40%. The company's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.62 earnings per share. As a group, research analysts anticipate that Pebblebrook Hotel Trust will post 1.52 earnings per share for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.01 dividend. 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 presently -3.64%.

Insider Activity at Pebblebrook Hotel Trust

In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz purchased 66,000 shares of the stock in a transaction on Monday, August 5th. The shares were purchased at an average price of $11.98 per share, with a total value of $790,680.00. Following the acquisition, the chief executive officer now directly owns 1,319,284 shares in the company, valued at approximately $15,805,022.32. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Jon E. Bortz acquired 22,000 shares of the company's stock in a transaction dated Tuesday, August 13th. The stock was bought at an average cost of $12.21 per share, with a total value 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. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jon E. Bortz bought 66,000 shares of the business's stock in a transaction that occurred on Monday, August 5th. The stock was bought at an average price of $11.98 per share, with a total value of $790,680.00. Following the completion of the transaction, the chief executive officer now directly owns 1,319,284 shares of the company's stock, valued at $15,805,022.32. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 2.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Several hedge funds have recently added to or reduced their stakes in the company. Quarry LP increased its position in shares of 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 valued at $62,000 after purchasing an additional 4,326 shares during the last quarter. Blue Trust Inc. grew its position in Pebblebrook Hotel Trust by 707.8% during the second quarter. Blue Trust Inc. now owns 11,116 shares of the real estate investment trust's stock valued at $153,000 after acquiring an additional 9,740 shares during the last quarter. Algert Global LLC purchased a new position in shares of Pebblebrook Hotel Trust during the second quarter worth approximately $167,000. Quadrature Capital Ltd bought a new stake in shares of Pebblebrook Hotel Trust in the 4th quarter worth approximately $266,000. Finally, Van ECK Associates Corp lifted its holdings in shares of Pebblebrook Hotel Trust by 7.1% in the 2nd quarter. Van ECK Associates Corp now owns 18,270 shares of the real estate investment trust's stock worth $251,000 after acquiring an additional 1,215 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.