Pebblebrook Hotel Trust (PEB) Upgraded to Hold at ValuEngine

ValuEngine upgraded shares of Pebblebrook Hotel Trust (NYSE:PEB) from a sell rating to a hold rating in a research note released on Thursday.

Several other analysts have also commented on PEB. Zacks Investment Research lowered shares of Pebblebrook Hotel Trust from a hold rating to a sell rating in a research report on Thursday, December 13th. Goldman Sachs Group reaffirmed a sell rating and issued a $26.00 price objective on shares of Pebblebrook Hotel Trust in a research report on Thursday. Bank of America reissued a buy rating and issued a $36.00 price target on shares of Pebblebrook Hotel Trust in a research report on Monday, October 29th. Finally, Robert W. Baird set a $38.00 price target on shares of Pebblebrook Hotel Trust and gave the company a hold rating in a research report on Wednesday, October 10th. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $36.88.

Shares of PEB stock opened at $30.69 on Thursday. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 11.94, a P/E/G ratio of 2.23 and a beta of 1.34. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.80 and a current ratio of 0.80. Pebblebrook Hotel Trust has a 52 week low of $26.59 and a 52 week high of $41.65.



The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Thursday, November 29th will be issued a $0.2478 dividend. The ex-dividend date is Wednesday, November 28th. This represents a $0.99 dividend on an annualized basis and a dividend yield of 3.23%. Pebblebrook Hotel Trust’s payout ratio is 20.62%.

In other Pebblebrook Hotel Trust news, Director Cydney Donnell acquired 1,400 shares of the stock in a transaction dated Friday, December 7th. The stock was purchased at an average cost of $35.58 per share, for a total transaction of $49,812.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.20% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in PEB. Fort Washington Investment Advisors Inc. OH bought a new stake in shares of Pebblebrook Hotel Trust in the 3rd quarter worth approximately $280,000. Paloma Partners Management Co bought a new stake in Pebblebrook Hotel Trust during the 2nd quarter valued at $305,000. Zeke Capital Advisors LLC bought a new stake in Pebblebrook Hotel Trust during the 3rd quarter valued at $331,000. Marshall Wace LLP bought a new stake in Pebblebrook Hotel Trust during the 2nd quarter valued at $395,000. Finally, Forsta AP Fonden bought a new stake in Pebblebrook Hotel Trust during the 2nd quarter valued at $458,000.

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust is a publicly traded real estate investment trust (“REIT”) organized to opportunistically acquire and invest primarily in upper upscale, full-service hotels located in urban markets in major gateway cities. The Company owns 64 hotels, totaling approximately 15,400 guest rooms, located in 11 states and the District of Columbia, in the following markets: Del Mar, California; Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Santa Cruz, California; Washington, DC; Coral Gables, Florida; Key West, Florida; Naples, Florida; Buckhead, Georgia; Chicago, Illinois; Boston, Massachusetts; Minneapolis, Minnesota; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.

See Also: Certificate of Deposit (CD)

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Pebblebrook Hotel Trust (NYSE:PEB)

Receive News & Ratings for Pebblebrook Hotel Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pebblebrook Hotel Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply