Pebblebrook Hotel Trust (NYSE:PEB) Upgraded to “Buy” at Compass Point

Compass Point upgraded shares of Pebblebrook Hotel Trust (NYSE:PEB) from a neutral rating to a buy rating in a research report report published on Thursday morning, MarketBeat reports. They currently have $17.00 price target on the real estate investment trust’s stock.

Several other equities research analysts have also recently commented on PEB. Truist Financial lowered their price target 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. Wells Fargo & Company lowered their price target on Pebblebrook Hotel Trust from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Friday, September 13th. StockNews.com downgraded Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Finally, Robert W. Baird decreased their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Pebblebrook Hotel Trust presently has a consensus rating of “Hold” and a consensus target price of $14.42.

Pebblebrook Hotel Trust Trading Up 3.2 %

NYSE:PEB opened at $13.41 on Thursday. The stock has a market cap of $1.61 billion, a PE ratio of -44.83, a price-to-earnings-growth ratio of 0.59 and a beta of 1.85. The stock’s 50-day moving average is $12.84 and its two-hundred day moving average is $13.30. Pebblebrook Hotel Trust has a fifty-two week low of $11.65 and a fifty-two week high of $16.65. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81.

Pebblebrook Hotel Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend was Monday, September 30th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -13.79%.

Insider Transactions at Pebblebrook Hotel Trust

In other news, CEO Jon E. Bortz acquired 13,000 shares of the stock in a transaction dated Thursday, November 21st. The shares were acquired at an average cost of $12.68 per share, for a total transaction of $164,840.00. Following the completion of the transaction, the chief executive officer now owns 1,395,284 shares in the company, valued at approximately $17,692,201.12. This trade represents a 0.94 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jon E. Bortz sold 11,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $21.37, for a total value of $235,070.00. Following the completion of the transaction, the chief executive officer now owns 1,349,284 shares of the company’s stock, valued at $28,834,199.08. The trade was a 0.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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 PEB. Covestor Ltd raised its position in Pebblebrook Hotel Trust by 80.1% in the third quarter. Covestor Ltd now owns 4,471 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 1,989 shares in the last quarter. Quarry LP raised 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Pebblebrook Hotel Trust by 35.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,677 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 1,212 shares in the last quarter. FMR LLC raised its position in Pebblebrook Hotel Trust by 10.8% in the third quarter. FMR LLC now owns 9,069 shares of the real estate investment trust’s stock worth $120,000 after purchasing an additional 884 shares in the last quarter. Finally, FORA Capital LLC acquired a new position in Pebblebrook Hotel Trust in the third quarter worth about $133,000.

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.