Pebblebrook Hotel Trust (NYSE:PEB) Stock Rating Upgraded by Stifel Nicolaus

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) was upgraded by equities research analysts at Stifel Nicolaus from a "hold" rating to a "buy" rating in a research report issued on Friday, MarketBeat Ratings reports. The firm currently has a $15.00 target price on the real estate investment trust's stock, up from their previous target price of $14.75. Stifel Nicolaus' price target indicates a potential upside of 12.02% from the stock's previous close.

Several other research firms have also commented on PEB. Robert W. Baird reduced their price target on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, October 31st. Compass Point raised shares of Pebblebrook Hotel Trust from a "neutral" rating to a "buy" rating and set a $17.00 price objective for the company in a research note on Thursday. Truist Financial dropped their target price 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. Wells Fargo & Company reduced their price target on Pebblebrook Hotel Trust from $15.00 to $13.00 and set an "equal weight" rating for the company in a research report on Friday, September 13th. Finally, StockNews.com downgraded Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research report on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $14.42.

Pebblebrook Hotel Trust Stock Up 3.0 %

Shares of PEB traded up $0.39 during midday trading on Friday, reaching $13.39. 1,375,260 shares of the stock were exchanged, compared to its average volume of 1,679,971. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. The company's 50 day moving average is $12.84 and its two-hundred day moving average is $13.30. The company has a market capitalization of $1.60 billion, a P/E ratio of -44.83, a PEG ratio of 0.59 and a beta of 1.85. 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 purchased 13,000 shares of the company's stock in a transaction on Thursday, November 21st. The shares were acquired at an average price of $12.68 per share, for a total transaction of $164,840.00. Following the purchase, the chief executive officer now owns 1,395,284 shares in the company, valued at $17,692,201.12. This trade represents a 0.94 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $235,070.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.40% of the company's stock.

Institutional Trading of Pebblebrook Hotel Trust

Several institutional investors and hedge funds have recently bought and sold shares of PEB. Bank of Montreal Can raised its holdings in shares of Pebblebrook Hotel Trust by 68.1% during the second quarter. Bank of Montreal Can now owns 1,875,288 shares of the real estate investment trust's stock worth $25,841,000 after purchasing an additional 759,964 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in Pebblebrook Hotel Trust by 38.1% in 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 last quarter. Charles Schwab Investment Management Inc. grew its position in Pebblebrook Hotel Trust by 5.7% during the 3rd 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 purchasing an additional 130,265 shares during the period. Atom Investors LP purchased a new position in shares of Pebblebrook Hotel Trust during the 3rd quarter valued at about $1,363,000. Finally, GSA Capital Partners LLP lifted its holdings in shares of Pebblebrook Hotel Trust by 47.4% in the 3rd quarter. GSA Capital Partners LLP now owns 223,654 shares of the real estate investment trust's stock valued at $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.