Morgan Stanley Trims Pebblebrook Hotel Trust (NYSE:PEB) Target Price to $13.00

Pebblebrook Hotel Trust (NYSE:PEBGet Rating) had its price target cut by Morgan Stanley from $15.00 to $13.00 in a research note issued to investors on Wednesday, Benzinga reports. They currently have an underweight rating on the real estate investment trust’s stock.

PEB has been the subject of a number of other reports. StockNews.com initiated coverage on Pebblebrook Hotel Trust in a report on Wednesday, October 12th. They issued a sell rating for the company. Raymond James cut Pebblebrook Hotel Trust from an outperform rating to a market perform rating in a report on Friday, December 9th. Truist Financial dropped their price objective on Pebblebrook Hotel Trust from $24.00 to $18.00 and set a hold rating for the company in a report on Thursday, October 20th. Barclays dropped their price objective on Pebblebrook Hotel Trust from $22.00 to $18.00 and set an equal weight rating for the company in a report on Wednesday, December 21st. Finally, BMO Capital Markets cut Pebblebrook Hotel Trust from an outperform rating to a market perform rating and dropped their price objective for the stock from $20.00 to $18.00 in a report on Friday, December 2nd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $20.27.

Pebblebrook Hotel Trust Stock Performance

Pebblebrook Hotel Trust stock opened at $14.89 on Wednesday. The stock has a 50-day simple moving average of $14.75 and a 200 day simple moving average of $16.32. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.75. Pebblebrook Hotel Trust has a 12-month low of $12.54 and a 12-month high of $26.14. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of -14.32, a P/E/G ratio of 0.49 and a beta of 1.78.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 17th. Investors of record on Friday, December 30th were given a $0.01 dividend. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $0.04 annualized dividend and a dividend yield of 0.27%. Pebblebrook Hotel Trust’s dividend payout ratio is presently -3.85%.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

A number of large investors have recently bought and sold shares of PEB. Assetmark Inc. boosted its position in Pebblebrook Hotel Trust by 148.3% during the 2nd quarter. Assetmark Inc. now owns 2,446 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 1,461 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new position in Pebblebrook Hotel Trust during the 3rd quarter worth $48,000. Neo Ivy Capital Management bought a new position in Pebblebrook Hotel Trust during the 2nd quarter worth $50,000. Wipfli Financial Advisors LLC bought a new position in Pebblebrook Hotel Trust during the 3rd quarter worth $64,000. Finally, Quantbot Technologies LP bought a new position in Pebblebrook Hotel Trust during the 3rd quarter worth $79,000.

Pebblebrook Hotel Trust Company Profile

(Get Rating)

Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels in the United States. The Company owns 53 hotels, totaling approximately 13,200 guestrooms across 14 urban and resort markets, with a focus on the west coast gateway cities.

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