Compass Point Downgrades Pebblebrook Hotel Trust (NYSE:PEB) to Neutral

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) was downgraded by equities research analysts at Compass Point from a "buy" rating to a "neutral" rating in a report released on Monday, MarketBeat.com reports. They currently have a $15.00 price target on the real estate investment trust's stock, down from their previous price target of $17.00. Compass Point's price target would suggest a potential upside of 37.24% from the stock's current price.

A number of other analysts also recently commented on PEB. Truist Financial lowered their target price on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a "hold" rating on the stock in a research note on Tuesday, February 4th. Wedbush lowered Pebblebrook Hotel Trust from a "neutral" rating to an "underperform" rating and set a $13.00 price objective on the stock. in a research report on Thursday, January 2nd. Stifel Nicolaus raised shares of Pebblebrook Hotel Trust from a "hold" rating to a "buy" rating and lifted their target price for the company from $14.75 to $15.00 in a report on Friday, November 22nd. StockNews.com cut shares of Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research note on Wednesday, March 5th. Finally, Wells Fargo & Company cut their price objective on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an "equal weight" rating for the company in a report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Pebblebrook Hotel Trust has an average rating of "Hold" and a consensus target price of $13.86.

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Pebblebrook Hotel Trust Stock Performance

NYSE PEB traded down $0.58 on Monday, reaching $10.93. 5,370,317 shares of the company's stock traded hands, compared to its average volume of 2,068,091. Pebblebrook Hotel Trust has a fifty-two week low of $10.84 and a fifty-two week high of $16.25. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of -37.69, a P/E/G ratio of 0.60 and a beta of 1.87. The stock has a 50 day moving average price of $12.85 and a 200-day moving average price of $13.08.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. GF Fund Management CO. LTD. purchased a new stake in shares of Pebblebrook Hotel Trust during the fourth quarter worth $30,000. Quadrant Capital Group LLC grew its stake in Pebblebrook Hotel Trust by 100.2% during the 4th quarter. Quadrant Capital Group LLC now owns 2,644 shares of the real estate investment trust's stock valued at $36,000 after acquiring an additional 1,323 shares in the last quarter. Sterling Capital Management LLC grew its stake in Pebblebrook Hotel Trust by 815.6% during the 4th quarter. Sterling Capital Management LLC now owns 3,763 shares of the real estate investment trust's stock valued at $51,000 after acquiring an additional 3,352 shares in the last quarter. Covestor Ltd raised its holdings in Pebblebrook Hotel Trust by 80.1% in the 3rd quarter. Covestor Ltd now owns 4,471 shares of the real estate investment trust's stock valued at $59,000 after acquiring an additional 1,989 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Pebblebrook Hotel Trust in the 4th quarter worth approximately $99,000.

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.