Wells Fargo & Company Issues Positive Forecast for Pebblebrook Hotel Trust (NYSE:PEB) Stock Price

Pebblebrook Hotel Trust (NYSE:PEB) had its target price increased by stock analysts at Wells Fargo & Company from $13.00 to $14.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 1.45% from the company’s current price.

Several other equities analysts have also recently weighed in on the stock. StockNews.com cut shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and upped their target price for the company from $14.75 to $15.00 in a report on Friday, November 22nd. Robert W. Baird dropped their price target on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Truist Financial reduced their price objective on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating for the company in a research note on Monday, October 28th. Finally, Compass Point upgraded Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $14.58.

Pebblebrook Hotel Trust Stock Down 0.6 %

Pebblebrook Hotel Trust stock opened at $13.80 on Tuesday. Pebblebrook Hotel Trust has a one year low of $11.65 and a one year high of $16.65. The stock has a fifty day moving average of $12.89 and a 200 day moving average of $13.27. 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 stock has a market cap of $1.65 billion, a PE ratio of -47.58, a price-to-earnings-growth ratio of 0.65 and a beta of 1.85.

Insider Activity at Pebblebrook Hotel Trust

In related news, CEO Jon E. Bortz acquired 13,000 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was acquired at an average price of $12.68 per share, with a total value of $164,840.00. Following the acquisition, the chief executive officer now directly owns 1,395,284 shares of the company’s stock, valued at approximately $17,692,201.12. This trade represents a 0.94 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jon E. Bortz sold 11,000 shares of the firm’s 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 transaction, the chief executive officer now owns 1,349,284 shares of the company’s stock, valued at approximately $28,834,199.08. The trade was a 0.81 % decrease in their position. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Several institutional investors have recently added to or reduced their stakes in the company. Covestor Ltd raised its holdings in shares of Pebblebrook Hotel Trust by 80.1% during the 3rd quarter. Covestor Ltd now owns 4,471 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 1,989 shares in the last quarter. Quarry LP increased its position in Pebblebrook Hotel Trust by 2,376.9% in the second quarter. Quarry LP now owns 4,508 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 4,326 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Pebblebrook Hotel Trust by 35.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,677 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 1,212 shares in the last quarter. FMR LLC lifted its position in Pebblebrook Hotel Trust by 10.8% during the third quarter. FMR LLC now owns 9,069 shares of the real estate investment trust’s stock valued at $120,000 after purchasing an additional 884 shares during the last quarter. Finally, FORA Capital LLC bought a new position in Pebblebrook Hotel Trust during the third quarter valued at $133,000.

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.