Pebblebrook Hotel Trust (PEB) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research downgraded shares of Pebblebrook Hotel Trust (NYSE:PEB) from a hold rating to a sell rating in a research report released on Tuesday morning.

According to Zacks, “Pebblebrook Hotel Trust is an internally managed hotel investment company organized to acquire and invest in hotel properties located primarily in large United States cities with an emphasis on the major coastal markets. The Company may invest in resort properties located near its primary urban target markets, as well as in select destination markets. Pebblebrook Hotel Trust focuses on hotel properties in the lodging industry. In addition, the Company may seek to acquire service properties in its primary urban target markets. “

Several other analysts also recently weighed in on PEB. Stifel Nicolaus upgraded Pebblebrook Hotel Trust from a hold rating to a buy rating and set a $38.00 price objective for the company in a research report on Monday, November 12th. Raymond James lowered their price objective on Pebblebrook Hotel Trust from $40.00 to $38.00 and set an outperform rating for the company in a research report on Friday, December 21st. Barclays reiterated a buy rating and issued a $38.00 price objective on shares of Pebblebrook Hotel Trust in a research report on Sunday, December 23rd. ValuEngine downgraded Pebblebrook Hotel Trust from a hold rating to a sell rating in a research report on Wednesday, January 2nd. Finally, Goldman Sachs Group reiterated a sell rating and issued a $26.00 price objective on shares of Pebblebrook Hotel Trust in a research report on Thursday, January 10th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $36.88.



Shares of PEB stock opened at $32.06 on Tuesday. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.73. Pebblebrook Hotel Trust has a fifty-two week low of $26.59 and a fifty-two week high of $41.65. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of 11.85, a P/E/G ratio of 2.43 and a beta of 1.35.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its quarterly earnings data on Monday, February 25th. The real estate investment trust reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.23. Pebblebrook Hotel Trust had a return on equity of 0.64% and a net margin of 1.62%. The firm had revenue of $235.64 million during the quarter, compared to the consensus estimate of $207.53 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The business’s revenue was up 31.2% on a year-over-year basis. On average, equities analysts predict that Pebblebrook Hotel Trust will post 2.64 EPS for the current year.

Several institutional investors have recently made changes to their positions in PEB. Rehmann Capital Advisory Group bought a new position in shares of Pebblebrook Hotel Trust during the fourth quarter valued at approximately $25,000. San Francisco Sentry Investment Group CA bought a new position in shares of Pebblebrook Hotel Trust during the fourth quarter valued at approximately $36,000. Oregon Public Employees Retirement Fund bought a new position in shares of Pebblebrook Hotel Trust during the fourth quarter valued at approximately $53,000. LSV Asset Management bought a new position in shares of Pebblebrook Hotel Trust during the fourth quarter valued at approximately $57,000. Finally, Enlightenment Research LLC bought a new position in shares of Pebblebrook Hotel Trust during the fourth quarter valued at approximately $59,000.

Pebblebrook Hotel Trust Company Profile

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.

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