Pebblebrook Hotel Trust (NYSE:PEB) Downgraded by StockNews.com to “Sell”

StockNews.com cut shares of Pebblebrook Hotel Trust (NYSE:PEB) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning.

Separately, Wells Fargo & Company dropped their target price 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. Three analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $13.90.

Pebblebrook Hotel Trust Stock Down 0.8 %

Shares of PEB opened at $12.32 on Tuesday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.78. The business has a fifty day moving average of $12.97 and a 200 day moving average of $13.62. The company has a market cap of $1.48 billion, a PE ratio of -11.20, a P/E/G ratio of 0.58 and a beta of 1.84. Pebblebrook Hotel Trust has a 52-week low of $11.39 and a 52-week high of $16.65.

Pebblebrook Hotel Trust (NYSE:PEB) last released its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.42). The firm had revenue of $397.11 million during the quarter, compared to the consensus estimate of $396.29 million. Pebblebrook Hotel Trust had a negative return on equity of 3.40% and a negative net margin of 6.75%. Pebblebrook Hotel Trust’s revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.62 EPS. On average, sell-side analysts expect that Pebblebrook Hotel Trust will post 1.52 EPS for the current year.

Pebblebrook Hotel Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.01 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.32%. Pebblebrook Hotel Trust’s dividend payout ratio is currently -3.64%.

Insider Activity

In other news, CEO Jon E. Bortz acquired 22,000 shares of Pebblebrook Hotel Trust stock in a transaction on Tuesday, August 13th. The shares were bought at an average cost of $12.21 per share, for a total transaction of $268,620.00. Following the acquisition, the chief executive officer now directly owns 1,341,284 shares of the company’s stock, valued at $16,377,077.64. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz purchased 66,000 shares of the stock in a transaction dated Monday, August 5th. The stock was purchased at an average price of $11.98 per share, with a total value of $790,680.00. Following the transaction, the chief executive officer now owns 1,319,284 shares of the company’s stock, valued at approximately $15,805,022.32. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jon E. Bortz acquired 22,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were acquired at an average price of $12.21 per share, for a total transaction of $268,620.00. Following the completion of the purchase, the chief executive officer now owns 1,341,284 shares of the company’s stock, valued at approximately $16,377,077.64. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 2.40% of the company’s stock.

Institutional Trading of Pebblebrook Hotel Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quadrature Capital Ltd bought a new stake in Pebblebrook Hotel Trust during the fourth quarter valued at about $266,000. Daiwa Securities Group Inc. grew its position in shares of Pebblebrook Hotel Trust by 7.4% in the 1st quarter. Daiwa Securities Group Inc. now owns 39,147 shares of the real estate investment trust’s stock worth $603,000 after buying an additional 2,708 shares during the last quarter. Texas Permanent School Fund Corp lifted its position in Pebblebrook Hotel Trust by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 105,462 shares of the real estate investment trust’s stock valued at $1,625,000 after acquiring an additional 1,413 shares during the last quarter. SG Americas Securities LLC boosted its stake in Pebblebrook Hotel Trust by 350.3% in the first quarter. SG Americas Securities LLC now owns 56,913 shares of the real estate investment trust’s stock valued at $877,000 after acquiring an additional 44,273 shares in the last quarter. Finally, ProShare Advisors LLC grew its holdings in Pebblebrook Hotel Trust by 7.4% in the first quarter. ProShare Advisors LLC now owns 24,014 shares of the real estate investment trust’s stock worth $370,000 after purchasing an additional 1,661 shares during the last quarter.

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.