Pebblebrook Hotel Trust (NYSE:PEB) Given Average Rating of "Hold" by Analysts

Shares of Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) have earned an average recommendation of "Hold" from the six ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $14.58.

PEB has been the topic of several recent analyst reports. Truist Financial dropped their price target on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a "hold" rating on the stock in a research report on Monday, October 28th. Robert W. Baird dropped their price target on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday, October 31st. Wells Fargo & Company increased their price objective on Pebblebrook Hotel Trust from $13.00 to $14.00 and gave the stock an "equal weight" rating in a report on Tuesday, November 26th. Stifel Nicolaus upgraded Pebblebrook Hotel Trust from a "hold" rating to a "buy" rating and boosted their target price for the company from $14.75 to $15.00 in a research note on Friday, November 22nd. Finally, Compass Point raised Pebblebrook Hotel Trust from a "neutral" rating to a "buy" rating and set a $17.00 price target for the company in a research note on Thursday, November 21st.

Pebblebrook Hotel Trust Stock Performance

NYSE:PEB remained flat at $14.58 during trading hours on Friday. 945,096 shares of the company's stock traded hands, compared to its average volume of 1,797,469. The business's fifty day simple moving average is $12.95 and its 200 day simple moving average is $13.23. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of -50.28, a price-to-earnings-growth ratio of 0.70 and a beta of 1.87. Pebblebrook Hotel Trust has a 52 week low of $11.65 and a 52 week high of $16.65. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78.

Pebblebrook Hotel Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date was Monday, September 30th. Pebblebrook Hotel Trust's dividend payout ratio is -13.79%.

Insider Transactions at Pebblebrook Hotel Trust

In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz sold 11,000 shares of the company's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $21.37, for a total value of $235,070.00. Following the sale, the chief executive officer now directly owns 1,349,284 shares in the company, valued at $28,834,199.08. This represents a 0.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jon E. Bortz acquired 13,000 shares of the company's stock in a transaction dated Thursday, November 21st. The shares were purchased at an average cost of $12.68 per share, with a total value of $164,840.00. Following the acquisition, the chief executive officer now owns 1,395,284 shares of the company's stock, valued at approximately $17,692,201.12. This represents a 0.94 % increase in their position. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Pebblebrook Hotel Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Asset Management One Co. Ltd. raised its position in Pebblebrook Hotel Trust by 0.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 174,841 shares of the real estate investment trust's stock worth $2,313,000 after purchasing an additional 866 shares during the last quarter. FMR LLC lifted its stake in shares of Pebblebrook Hotel Trust by 10.8% during the third quarter. FMR LLC now owns 9,069 shares of the real estate investment trust's stock valued at $120,000 after acquiring an additional 884 shares during the period. Atria Investments Inc boosted its holdings in Pebblebrook Hotel Trust by 2.2% in the third quarter. Atria Investments Inc now owns 40,897 shares of the real estate investment trust's stock valued at $541,000 after acquiring an additional 889 shares during the last quarter. Louisiana State Employees Retirement System increased its position in Pebblebrook Hotel Trust by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 60,600 shares of the real estate investment trust's stock worth $833,000 after purchasing an additional 900 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in Pebblebrook Hotel Trust by 0.7% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 135,174 shares of the real estate investment trust's stock valued at $1,859,000 after purchasing an additional 916 shares during the period.

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.