StockNews.com Upgrades Pebblebrook Hotel Trust (NYSE:PEB) to Hold

Pebblebrook Hotel Trust (NYSE:PEB) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report issued on Wednesday.

PEB has been the topic of a number of other reports. Truist Financial increased their target price on Pebblebrook Hotel Trust from $15.00 to $16.00 and gave the stock a “hold” rating in a report on Thursday, January 18th. Compass Point reiterated a “neutral” rating and issued a $17.00 target price on shares of Pebblebrook Hotel Trust in a report on Thursday, March 28th. Finally, Bank of America lowered Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.50 price target for the company. in a research report on Monday, January 8th. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat.com, Pebblebrook Hotel Trust has an average rating of “Hold” and an average price target of $14.78.

Pebblebrook Hotel Trust Price Performance

Pebblebrook Hotel Trust stock opened at $15.00 on Wednesday. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of -14.71, a PEG ratio of 0.70 and a beta of 1.86. Pebblebrook Hotel Trust has a 52-week low of $11.39 and a 52-week high of $16.65. The stock’s 50 day moving average price is $15.63 and its two-hundred day moving average price is $14.67. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.97 and a current ratio of 0.97.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.48). Pebblebrook Hotel Trust had a negative return on equity of 2.85% and a negative net margin of 5.84%. The business had revenue of $314.10 million for the quarter, compared to the consensus estimate of $304.34 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. Pebblebrook Hotel Trust’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities analysts predict that Pebblebrook Hotel Trust will post 1.57 earnings per share for the current year.

Insider Activity

In other news, insider Thomas Charles Fisher sold 11,441 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $15.62, for a total transaction of $178,708.42. Following the completion of the sale, the insider now directly owns 254,449 shares of the company’s stock, valued at approximately $3,974,493.38. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Several large investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its holdings in Pebblebrook Hotel Trust by 13.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,687 shares of the real estate investment trust’s stock worth $104,000 after acquiring an additional 884 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in Pebblebrook Hotel Trust by 6.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 14,579 shares of the real estate investment trust’s stock worth $198,000 after acquiring an additional 942 shares during the last quarter. UniSuper Management Pty Ltd increased its holdings in Pebblebrook Hotel Trust by 4.2% in the 3rd quarter. UniSuper Management Pty Ltd now owns 34,968 shares of the real estate investment trust’s stock worth $475,000 after acquiring an additional 1,400 shares during the last quarter. Connable Office Inc. increased its holdings in Pebblebrook Hotel Trust by 5.3% in the 4th quarter. Connable Office Inc. now owns 28,842 shares of the real estate investment trust’s stock worth $461,000 after acquiring an additional 1,443 shares during the last quarter. Finally, White Pine Capital LLC increased its holdings in Pebblebrook Hotel Trust by 5.1% in the 4th quarter. White Pine Capital LLC now owns 42,692 shares of the real estate investment trust’s stock worth $682,000 after acquiring an additional 2,090 shares during the last quarter.

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.