Pebblebrook Hotel Trust (NYSE:PEB) Cut to “Sell” at StockNews.com

StockNews.com lowered shares of Pebblebrook Hotel Trust (NYSE:PEB) from a hold rating to a sell rating in a research report released on Wednesday morning.

A number of other equities research analysts have also issued reports on PEB. Raymond James set a $14.00 price target on Pebblebrook Hotel Trust and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Compass Point raised Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Thursday, November 21st. Truist Financial decreased their price target on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating for the company in a research note on Tuesday, February 4th. Wedbush lowered Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price target for the company. in a research note on Thursday, January 2nd. Finally, Wells Fargo & Company decreased their target price on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Pebblebrook Hotel Trust currently has a consensus rating of “Hold” and a consensus price target of $14.14.

Pebblebrook Hotel Trust Price Performance

NYSE:PEB opened at $11.89 on Wednesday. Pebblebrook Hotel Trust has a 1 year low of $11.47 and a 1 year high of $16.61. 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 $1.42 billion, a price-to-earnings ratio of -40.99, a PEG ratio of 0.60 and a beta of 1.85. The business has a 50 day simple moving average of $12.96 and a 200-day simple moving average of $13.10.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.01 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.34%. Pebblebrook Hotel Trust’s dividend payout ratio is presently -9.30%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Nordea Investment Management AB grew its stake in Pebblebrook Hotel Trust by 90.2% during the 4th quarter. Nordea Investment Management AB now owns 746,763 shares of the real estate investment trust’s stock worth $10,193,000 after buying an additional 354,116 shares during the last quarter. Entropy Technologies LP grew its stake in Pebblebrook Hotel Trust by 93.3% during the 4th quarter. Entropy Technologies LP now owns 54,880 shares of the real estate investment trust’s stock worth $744,000 after buying an additional 26,487 shares during the last quarter. Atom Investors LP purchased a new position in Pebblebrook Hotel Trust during the 3rd quarter worth $1,363,000. GSA Capital Partners LLP grew its stake in Pebblebrook Hotel Trust by 47.4% during the 3rd quarter. GSA Capital Partners LLP now owns 223,654 shares of the real estate investment trust’s stock worth $2,959,000 after buying an additional 71,920 shares during the last quarter. Finally, PEAK6 Investments LLC purchased a new position in Pebblebrook Hotel Trust during the 3rd quarter worth $884,000.

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.