Pebblebrook Hotel Trust (NYSE:PEB) Price Target Lowered to $13.00 at Truist Financial

Pebblebrook Hotel Trust (NYSE:PEB - Free Report) had its target price decreased by Truist Financial from $14.00 to $13.00 in a research note published on Tuesday,Benzinga reports. Truist Financial currently has a hold rating on the real estate investment trust's stock.

Several other brokerages have also commented on PEB. StockNews.com lowered shares of Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research report on Tuesday, October 22nd. Compass Point raised shares of Pebblebrook Hotel Trust from a "neutral" rating to a "buy" rating and set a $17.00 target price for the company in a report on Thursday, November 21st. Robert W. Baird decreased their price target on 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. Stifel Nicolaus raised Pebblebrook Hotel Trust from a "hold" rating to a "buy" rating and raised their price objective for the company from $14.75 to $15.00 in a research note on Friday, November 22nd. Finally, Wells Fargo & Company upped their target price on Pebblebrook Hotel Trust from $14.00 to $16.00 and gave the company an "equal weight" rating in a report on Monday, December 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $14.67.

Pebblebrook Hotel Trust Stock Performance

NYSE PEB traded down $0.04 on Tuesday, hitting $12.81. 1,152,262 shares of the company's stock were exchanged, compared to its average volume of 1,823,251. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81. Pebblebrook Hotel Trust has a fifty-two week low of $11.65 and a fifty-two week high of $16.65. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of -44.15, a P/E/G ratio of 0.62 and a beta of 1.85. The firm's 50-day moving average price is $13.73 and its two-hundred day moving average price is $13.20.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.01 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.31%. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is -13.79%.

Insider Activity

In other news, CEO Jon E. Bortz sold 11,000 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $21.37, for a total transaction of $235,070.00. Following the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jon E. Bortz bought 13,000 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The stock was bought at an average cost of $12.68 per share, for a total transaction of $164,840.00. Following the completion of the transaction, the chief executive officer now directly owns 1,395,284 shares of the company's stock, valued at approximately $17,692,201.12. The trade was a 0.94 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.60% of the company's stock.

Institutional Trading of Pebblebrook Hotel Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Pebblebrook Hotel Trust by 2.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 83,899 shares of the real estate investment trust's stock worth $1,137,000 after purchasing an additional 1,918 shares in the last quarter. Aigen Investment Management LP acquired a new position in shares of Pebblebrook Hotel Trust during the 4th quarter valued at $189,000. Cbre Investment Management Listed Real Assets LLC purchased a new stake in Pebblebrook Hotel Trust during the 4th quarter worth $13,788,000. Charles Schwab Investment Management Inc. increased its holdings in Pebblebrook Hotel Trust by 3.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,504,751 shares of the real estate investment trust's stock valued at $33,939,000 after purchasing an additional 86,592 shares in the last quarter. Finally, Metis Global Partners LLC raised its position in Pebblebrook Hotel Trust by 11.4% in the fourth quarter. Metis Global Partners LLC now owns 13,823 shares of the real estate investment trust's stock valued at $187,000 after purchasing an additional 1,412 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.