Pebblebrook Hotel Trust (NYSE:PEB) Given Consensus Rating of "Hold" by Analysts

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) has been given a consensus recommendation of "Hold" by the seven ratings firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $14.64.

PEB has been the subject of a number of research reports. Truist Financial dropped 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. Wedbush downgraded shares of Pebblebrook Hotel Trust from a "neutral" rating to an "underperform" rating and set a $13.00 price objective for the company. in a research note on Thursday. Compass Point raised shares of Pebblebrook Hotel Trust from a "neutral" rating to a "buy" rating and set a $17.00 target price 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 reduced their price objective on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, October 31st.

Pebblebrook Hotel Trust Price Performance

PEB stock traded down $0.28 during mid-day 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 firm has a fifty day simple moving average of $13.41 and a 200 day simple moving average of $13.23. Pebblebrook Hotel Trust has a 52 week low of $11.65 and a 52 week high of $16.65. 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 firm has a market capitalization of $1.59 billion, a P/E ratio of -45.76, a P/E/G ratio of 0.69 and a beta of 1.87.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.30%. The ex-dividend date is Tuesday, December 31st. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is presently -13.79%.

Insiders Place Their Bets

In other news, CEO Jon E. Bortz sold 11,000 shares of Pebblebrook Hotel Trust 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 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 trade represents a 0.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jon E. Bortz purchased 13,000 shares of the business's 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 purchase, the chief executive officer now directly owns 1,395,284 shares in the company, 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. Corporate insiders own 2.40% of the company's stock.

Institutional Trading of Pebblebrook Hotel Trust

Several institutional investors have recently made changes to their positions in the company. D. E. Shaw & Co. Inc. grew its holdings in shares of 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 acquiring an additional 541,573 shares in the last quarter. Earnest Partners LLC grew its stake in Pebblebrook Hotel Trust by 1.0% in the 2nd quarter. Earnest Partners LLC now owns 5,036,155 shares of the real estate investment trust's stock valued at $69,247,000 after purchasing an additional 51,677 shares during the period. Atom Investors LP purchased a new stake in shares of Pebblebrook Hotel Trust during the 3rd quarter valued at $1,363,000. GSA Capital Partners LLP raised its stake in shares of Pebblebrook Hotel Trust by 47.4% during the 3rd quarter. GSA Capital Partners LLP now owns 223,654 shares of the real estate investment trust's stock worth $2,959,000 after purchasing an additional 71,920 shares during the period. Finally, PEAK6 Investments LLC purchased a new position in shares of Pebblebrook Hotel Trust in the 3rd quarter worth about $884,000.

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.