Wells Fargo & Company Cuts Pebblebrook Hotel Trust (NYSE:PEB) Price Target to $13.00

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) had its price objective decreased by research analysts at Wells Fargo & Company from $16.00 to $13.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an "equal weight" rating on the real estate investment trust's stock. Wells Fargo & Company's price target would indicate a potential upside of 9.34% from the company's current price.

A number of other equities research analysts have also commented on the company. 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 report on Thursday, November 21st. StockNews.com cut Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a report on Tuesday, October 22nd. Truist Financial lowered their target price on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a "hold" rating for the company in a research note on Tuesday, February 4th. Stifel Nicolaus upgraded shares of Pebblebrook Hotel Trust from a "hold" rating to a "buy" rating and upped their price target for the stock from $14.75 to $15.00 in a research report on Friday, November 22nd. Finally, Robert W. Baird lowered their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $14.17.

Pebblebrook Hotel Trust Stock Performance

PEB traded down $0.39 during trading on Tuesday, reaching $11.89. 2,509,286 shares of the company's stock were exchanged, compared to its average volume of 1,785,821. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78. The business has a 50 day moving average price of $13.31 and a 200 day moving average price of $13.12. The company has a market capitalization of $1.42 billion, a P/E ratio of -41.00, a PEG ratio of 0.60 and a beta of 1.85. Pebblebrook Hotel Trust has a fifty-two week low of $11.65 and a fifty-two week high of $16.61.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

A number of institutional investors and hedge funds have recently modified their holdings of the business. Asset Management One Co. Ltd. boosted its stake in Pebblebrook Hotel Trust by 0.5% in the third quarter. Asset Management One Co. Ltd. now owns 174,841 shares of the real estate investment trust's stock valued at $2,313,000 after acquiring an additional 866 shares during the last quarter. FMR LLC boosted its position in shares of Pebblebrook Hotel Trust by 10.8% in the 3rd quarter. FMR LLC now owns 9,069 shares of the real estate investment trust's stock worth $120,000 after purchasing an additional 884 shares during the last quarter. Atria Investments Inc grew its stake in shares of Pebblebrook Hotel Trust by 2.2% during the third quarter. Atria Investments Inc now owns 40,897 shares of the real estate investment trust's stock worth $541,000 after purchasing an additional 889 shares during the period. Sei Investments Co. increased its holdings in Pebblebrook Hotel Trust by 0.3% in the fourth quarter. Sei Investments Co. now owns 397,337 shares of the real estate investment trust's stock valued at $5,384,000 after purchasing an additional 1,098 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Pebblebrook Hotel Trust by 35.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,677 shares of the real estate investment trust's stock worth $63,000 after buying an additional 1,212 shares during 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.