Pebblebrook Hotel Trust (NYSE:PEB) Downgraded to "Underperform" Rating by Wedbush

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) was downgraded by Wedbush from a "neutral" rating to an "underperform" rating in a research note issued on Thursday, Marketbeat.com reports. They presently have a $13.00 price objective on the real estate investment trust's stock. Wedbush's price target suggests a potential downside of 2.03% from the stock's current price.

PEB has been the subject of a number of other reports. Stifel Nicolaus raised shares of Pebblebrook Hotel Trust from a "hold" rating to a "buy" rating and lifted their price target for the company from $14.75 to $15.00 in a research report on Friday, November 22nd. Truist Financial lowered their target price on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a "hold" rating for the company in a report on Monday, October 28th. Compass Point upgraded Pebblebrook Hotel Trust from a "neutral" rating to a "buy" rating and set a $17.00 price target on the stock in a research note on Thursday, November 21st. StockNews.com cut Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research note on Tuesday, October 22nd. Finally, Robert W. Baird cut their target price 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. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $14.64.

Pebblebrook Hotel Trust Stock Down 2.1 %

PEB stock traded down $0.28 during midday trading on Thursday, hitting $13.27. The stock had a trading volume of 1,238,582 shares, compared to its average volume of 1,675,134. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of -45.76, a price-to-earnings-growth ratio of 0.69 and a beta of 1.87. The business has a 50-day moving average of $13.41 and a two-hundred day moving average of $13.23. Pebblebrook Hotel Trust has a 52-week low of $11.65 and a 52-week high of $16.65.

Insider Transactions at Pebblebrook Hotel Trust

In other news, CEO Jon E. Bortz bought 13,000 shares of the stock in a transaction on Thursday, November 21st. The shares were bought at an average price of $12.68 per share, with a total value of $164,840.00. Following the completion of the acquisition, the chief executive officer now owns 1,395,284 shares in the company, valued at $17,692,201.12. The trade was a 0.94 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jon E. Bortz sold 11,000 shares of the business's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $21.37, for a total value of $235,070.00. Following the sale, the chief executive officer now owns 1,349,284 shares of the company's stock, valued at approximately $28,834,199.08. This represents a 0.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.40% of the company's stock.

Institutional Trading of Pebblebrook Hotel Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of Montreal Can grew its position in shares of Pebblebrook Hotel Trust by 68.1% during the 2nd quarter. Bank of Montreal Can now owns 1,875,288 shares of the real estate investment trust's stock valued at $25,841,000 after acquiring an additional 759,964 shares during the period. D. E. Shaw & Co. Inc. grew its holdings in Pebblebrook Hotel Trust by 38.1% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,963,388 shares of the real estate investment trust's stock valued at $26,997,000 after purchasing an additional 541,573 shares during the period. Charles Schwab Investment Management Inc. increased its position in Pebblebrook Hotel Trust by 5.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,418,159 shares of the real estate investment trust's stock worth $31,992,000 after buying an additional 130,265 shares in the last quarter. Atom Investors LP bought a new position in shares of Pebblebrook Hotel Trust in the third quarter worth about $1,363,000. Finally, GSA Capital Partners LLP raised its stake in shares of 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 worth $2,959,000 after buying an additional 71,920 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.