Pebblebrook Hotel Trust (NYSE:PEB) Given New $13.25 Price Target at Stifel Nicolaus

Pebblebrook Hotel Trust (NYSE:PEB - Free Report) had its target price cut by Stifel Nicolaus from $16.50 to $13.25 in a report published on Wednesday,Benzinga reports. They currently have a buy rating on the real estate investment trust's stock.

PEB has been the topic of a number of other research reports. Raymond James set a $14.00 target price on shares of Pebblebrook Hotel Trust and gave the company an "outperform" rating in a research note on Thursday, February 27th. Wedbush cut 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. StockNews.com lowered Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research note on Wednesday, March 5th. Truist Financial reduced their price target on 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Pebblebrook Hotel Trust has a consensus rating of "Hold" and an average target price of $13.61.

Pebblebrook Hotel Trust Trading Down 1.4 %

Shares of NYSE PEB traded down $0.12 during midday trading on Wednesday, hitting $8.58. The stock had a trading volume of 717,771 shares, compared to its average volume of 1,916,317. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78. Pebblebrook Hotel Trust has a 1-year low of $7.41 and a 1-year high of $16.06. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of -29.59, a PEG ratio of 0.60 and a beta of 1.69. The company has a fifty day moving average price of $10.56 and a 200 day moving average price of $12.32.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend was Monday, March 31st. Pebblebrook Hotel Trust's payout ratio is currently -9.30%.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

A number of institutional investors have recently modified their holdings of PEB. SG Americas Securities LLC acquired a new position in shares of Pebblebrook Hotel Trust in the 1st quarter worth approximately $510,000. GAMMA Investing LLC increased its holdings in shares of Pebblebrook Hotel Trust by 948.3% during the first quarter. GAMMA Investing LLC now owns 17,413 shares of the real estate investment trust's stock valued at $1,719,000 after purchasing an additional 15,752 shares during the period. Palogic Value Management L.P. raised its position in shares of Pebblebrook Hotel Trust by 11.5% during the 4th quarter. Palogic Value Management L.P. now owns 194,000 shares of the real estate investment trust's stock worth $2,629,000 after buying an additional 20,000 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in Pebblebrook Hotel Trust during the fourth quarter worth approximately $8,993,000. Finally, GF Fund Management CO. LTD. bought a new stake in shares of Pebblebrook Hotel Trust in the 4th quarter worth $30,000.

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.