Robert W. Baird Cuts Pebblebrook Hotel Trust (NYSE:PEB) Price Target to $14.00

Pebblebrook Hotel Trust (NYSE:PEB - Free Report) had its price objective decreased by Robert W. Baird from $15.00 to $14.00 in a research report released on Thursday morning, Benzinga reports. Robert W. Baird currently has a neutral rating on the real estate investment trust's stock.

A number of other research firms have also recently weighed in on PEB. Truist Financial lowered their price objective on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a "hold" rating for the company in a research report on Monday. StockNews.com lowered Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company reduced their price objective on Pebblebrook Hotel Trust from $15.00 to $13.00 and set an "equal weight" rating for the company in a research note on Friday, September 13th. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $13.75.

Pebblebrook Hotel Trust Trading Down 5.3 %

PEB traded down $0.67 during trading on Thursday, hitting $11.98. 1,587,757 shares of the stock were exchanged, compared to its average volume of 1,677,528. The firm has a 50 day simple moving average of $12.94 and a 200 day simple moving average of $13.53. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of -10.89, a P/E/G ratio of 0.58 and a beta of 1.84. Pebblebrook Hotel Trust has a 1 year low of $11.39 and a 1 year high of $16.65. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.71 and a current ratio of 0.71.

Pebblebrook Hotel Trust Announces Dividend

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. This represents a $0.04 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend was Monday, September 30th. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is presently -3.64%.

Insider Transactions at Pebblebrook Hotel Trust

In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz bought 66,000 shares of the business's stock in a transaction dated Monday, August 5th. The shares were acquired at an average price of $11.98 per share, with a total value of $790,680.00. Following the transaction, 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz bought 66,000 shares of the business's stock in a transaction dated Monday, August 5th. The shares were acquired at an average price of $11.98 per share, with a total value of $790,680.00. Following the transaction, 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jon E. Bortz bought 22,000 shares of the business's stock in a transaction dated Tuesday, August 13th. The shares were acquired at an average cost of $12.21 per share, for a total transaction of $268,620.00. Following the transaction, the chief executive officer now directly owns 1,341,284 shares in the company, valued at approximately $16,377,077.64. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 2.40% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PEB. Quarry LP boosted its stake in shares of Pebblebrook Hotel Trust by 2,376.9% during the second 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. Mirae Asset Global Investments Co. Ltd. raised its stake in Pebblebrook Hotel Trust by 35.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,677 shares of the real estate investment trust's stock valued at $63,000 after acquiring an additional 1,212 shares during the last quarter. Blue Trust Inc. lifted its position in Pebblebrook Hotel Trust by 707.8% during the 2nd quarter. Blue Trust Inc. now owns 11,116 shares of the real estate investment trust's stock worth $153,000 after acquiring an additional 9,740 shares during the period. Algert Global LLC purchased a new position in shares of Pebblebrook Hotel Trust in the 2nd quarter valued at approximately $167,000. Finally, Van ECK Associates Corp raised its stake in shares of Pebblebrook Hotel Trust by 12.3% during the third quarter. Van ECK Associates Corp now owns 20,523 shares of the real estate investment trust's stock worth $247,000 after purchasing an additional 2,253 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.