StockNews.com Upgrades Pebblebrook Hotel Trust (NYSE:PEB) to Hold

Pebblebrook Hotel Trust (NYSE:PEB) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

Several other brokerages also recently weighed in on PEB. Truist Financial increased their target price on Pebblebrook Hotel Trust from $15.00 to $16.00 and gave the company a “hold” rating in a research note on Thursday, January 18th. Compass Point reaffirmed a “neutral” rating and issued a $17.00 price target on shares of Pebblebrook Hotel Trust in a report on Thursday, March 28th. Finally, Bank of America cut Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.50 price target for the company. in a report on Monday, January 8th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $14.78.

Pebblebrook Hotel Trust Stock Performance

PEB opened at $15.00 on Wednesday. The company has a market cap of $1.80 billion, a PE ratio of -14.71, a price-to-earnings-growth ratio of 0.70 and a beta of 1.86. The stock has a 50-day moving average of $15.63 and a 200-day moving average of $14.67. Pebblebrook Hotel Trust has a 52-week low of $11.39 and a 52-week high of $16.65. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.97 and a current ratio of 0.97.

Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.48). The company had revenue of $314.10 million for the quarter, compared to the consensus estimate of $304.34 million. Pebblebrook Hotel Trust had a negative return on equity of 2.85% and a negative net margin of 5.84%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.18 EPS. As a group, equities research analysts forecast that Pebblebrook Hotel Trust will post 1.57 earnings per share for the current fiscal year.

Insider Transactions at Pebblebrook Hotel Trust

In related news, insider Thomas Charles Fisher sold 11,441 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $15.62, for a total transaction of $178,708.42. Following the completion of the sale, the insider now directly owns 254,449 shares of the company’s stock, valued at approximately $3,974,493.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. William Blair Investment Management LLC increased its position in Pebblebrook Hotel Trust by 49.8% in the 3rd quarter. William Blair Investment Management LLC now owns 3,656,930 shares of the real estate investment trust’s stock valued at $49,698,000 after acquiring an additional 1,215,683 shares in the last quarter. Norges Bank acquired a new stake in Pebblebrook Hotel Trust in the 4th quarter valued at about $8,798,000. Envestnet Asset Management Inc. increased its position in Pebblebrook Hotel Trust by 81.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 582,908 shares of the real estate investment trust’s stock valued at $7,922,000 after acquiring an additional 262,200 shares in the last quarter. Phocas Financial Corp. increased its position in Pebblebrook Hotel Trust by 437.3% in the 4th quarter. Phocas Financial Corp. now owns 220,570 shares of the real estate investment trust’s stock valued at $3,525,000 after acquiring an additional 179,518 shares in the last quarter. Finally, Jump Financial LLC increased its position in Pebblebrook Hotel Trust by 241.7% in the 4th quarter. Jump Financial LLC now owns 234,076 shares of the real estate investment trust’s stock valued at $3,741,000 after acquiring an additional 165,576 shares in 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.