Pebblebrook Hotel Trust (NYSE:PEB) Cut to "Sell" at StockNews.com

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) was downgraded by investment analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued to investors on Wednesday.

A number of other equities analysts have also commented on PEB. Compass Point raised shares of Pebblebrook Hotel Trust from a "neutral" rating to a "buy" rating and set a $17.00 target price on the stock in a research report on Thursday, November 21st. Truist Financial reduced their target price on shares of Pebblebrook Hotel Trust from $14.00 to $13.00 and set a "hold" rating on the stock in a research report on Tuesday, February 4th. Raymond James set a $14.00 price objective on shares of Pebblebrook Hotel Trust and gave the company an "outperform" rating in a research note on Thursday, February 27th. Wells Fargo & Company dropped their price objective on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 18th. Finally, Wedbush downgraded shares of Pebblebrook Hotel Trust from a "neutral" rating to an "underperform" rating and set a $13.00 price objective on the stock. in a research note on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $14.14.

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Pebblebrook Hotel Trust Trading Up 3.8 %

Shares of NYSE:PEB traded up $0.44 during trading on Wednesday, reaching $12.11. 2,328,785 shares of the company were exchanged, compared to its average volume of 1,979,245. The firm has a market capitalization of $1.45 billion, a PE ratio of -41.77, a P/E/G ratio of 0.60 and a beta of 1.87. The business's fifty day simple moving average is $12.88 and its 200-day simple moving average is $13.09. Pebblebrook Hotel Trust has a 12-month low of $11.47 and a 12-month high of $16.44. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Institutional investors have recently bought and sold shares of the company. Nordea Investment Management AB boosted its stake in Pebblebrook Hotel Trust by 90.2% in the fourth quarter. Nordea Investment Management AB now owns 746,763 shares of the real estate investment trust's stock valued at $10,193,000 after acquiring an additional 354,116 shares in the last quarter. Entropy Technologies LP boosted its stake in Pebblebrook Hotel Trust by 93.3% in the fourth quarter. Entropy Technologies LP now owns 54,880 shares of the real estate investment trust's stock valued at $744,000 after acquiring an additional 26,487 shares in the last quarter. Atom Investors LP acquired a new stake in Pebblebrook Hotel Trust in the third quarter valued at approximately $1,363,000. Fisher Asset Management LLC boosted its stake in Pebblebrook Hotel Trust by 5.9% in the fourth quarter. Fisher Asset Management LLC now owns 572,994 shares of the real estate investment trust's stock valued at $7,764,000 after acquiring an additional 31,677 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its stake in Pebblebrook Hotel Trust by 47.4% in the third quarter. GSA Capital Partners LLP now owns 223,654 shares of the real estate investment trust's stock valued at $2,959,000 after acquiring an additional 71,920 shares in 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.