Pebblebrook Hotel Trust (NYSE:PEB) Lifted to Hold at StockNews.com

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) was upgraded by stock analysts at StockNews.com from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Monday.

Separately, Wells Fargo & Company lowered their target price 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. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $13.90.

Pebblebrook Hotel Trust Stock Down 0.4 %

NYSE:PEB traded down $0.05 on Monday, hitting $12.63. The stock had a trading volume of 1,567,442 shares, compared to its average volume of 1,668,377. Pebblebrook Hotel Trust has a 52 week low of $11.39 and a 52 week high of $16.65. The business's fifty day moving average is $12.95 and its 200 day moving average is $13.78. 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 company has a market cap of $1.52 billion, a PE ratio of -12.38, a P/E/G ratio of 0.59 and a beta of 1.84.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last announced its quarterly 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). Pebblebrook Hotel Trust had a negative return on equity of 3.40% and a negative net margin of 6.75%. The company had revenue of $397.11 million for the quarter, compared to the consensus estimate of $396.29 million. During the same quarter last year, the company posted $0.62 EPS. The company's quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts expect that Pebblebrook Hotel Trust will post 1.52 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Trading of Pebblebrook Hotel Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP increased 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 valued at $62,000 after buying an additional 4,326 shares during the period. Blue Trust Inc. raised its holdings in shares of 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 purchasing an additional 9,740 shares during the last quarter. Algert Global LLC bought a new position in shares of Pebblebrook Hotel Trust during the 2nd quarter valued at $167,000. Quadrature Capital Ltd purchased a new position in Pebblebrook Hotel Trust in the fourth quarter worth about $266,000. Finally, Van ECK Associates Corp grew its position in Pebblebrook Hotel Trust by 7.1% during the second quarter. Van ECK Associates Corp now owns 18,270 shares of the real estate investment trust's stock valued at $251,000 after buying an additional 1,215 shares during the period.

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.

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