Pebblebrook Hotel Trust (NYSE:PEB) Hits New 12-Month Low – Should You Sell?

Pebblebrook Hotel Trust (NYSE:PEB) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $9.97 and last traded at $10.04, with a volume of 380834 shares traded. The stock had previously closed at $10.58.

Analyst Upgrades and Downgrades

PEB has been the subject of several research reports. Compass Point downgraded shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $17.00 to $15.00 in a research note on Monday, March 10th. Raymond James set a $14.00 price objective on shares of Pebblebrook Hotel Trust and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Stifel Nicolaus upgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $14.75 to $15.00 in a research note on Friday, November 22nd. StockNews.com cut shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, March 5th. Finally, Wells Fargo & Company reduced their target price on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Pebblebrook Hotel Trust has a consensus rating of “Hold” and a consensus target price of $13.86.

Pebblebrook Hotel Trust Trading Down 4.7 %

The business’s 50-day moving average price is $12.44 and its 200 day moving average price is $12.95. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of -34.69, a PEG ratio of 0.60 and a beta of 1.87.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.01 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.04 annualized dividend and a yield of 0.40%. Pebblebrook Hotel Trust’s dividend payout ratio is presently -9.30%.

Institutional Trading of Pebblebrook Hotel Trust

Several institutional investors have recently added to or reduced their stakes in PEB. GF Fund Management CO. LTD. acquired a new stake in Pebblebrook Hotel Trust in the fourth quarter valued at $30,000. Quadrant Capital Group LLC raised its holdings in Pebblebrook Hotel Trust by 100.2% in the fourth 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 raised its holdings in Pebblebrook Hotel Trust by 815.6% in the fourth 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. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Pebblebrook Hotel Trust in the fourth quarter valued at $99,000. Finally, FMR LLC raised its holdings 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 valued at $120,000 after acquiring an additional 884 shares in 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.