Pebblebrook Hotel Trust (NYSE:PEB) Downgraded by StockNews.com

Pebblebrook Hotel Trust (NYSE:PEB) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Thursday.

Several other equities analysts have also issued reports on the company. Bank of America lowered Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.50 target price on the stock. in a research note on Monday, January 8th. Truist Financial increased their price target on Pebblebrook Hotel Trust from $15.00 to $16.00 and gave the company a “hold” rating in a research report on Thursday, January 18th. Finally, Compass Point reiterated a “neutral” rating and issued a $17.00 price target on shares of Pebblebrook Hotel Trust in a research note on Thursday, March 28th. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $14.69.

Pebblebrook Hotel Trust Stock Performance

Pebblebrook Hotel Trust stock opened at $14.34 on Thursday. The firm has a 50 day simple moving average of $15.51 and a 200-day simple moving average of $14.72. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of -14.06, a price-to-earnings-growth ratio of 0.68 and a beta of 1.86. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.46 and a quick ratio of 0.46. Pebblebrook Hotel Trust has a 1-year low of $11.39 and a 1-year high of $16.65.

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 for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.48). Pebblebrook Hotel Trust had a negative return on equity of 2.88% and a negative net margin of 5.84%. The business had revenue of $314.10 million for the quarter, compared to analysts’ expectations of $304.34 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, analysts expect that Pebblebrook Hotel Trust will post 1.58 EPS for the current year.

Insiders Place Their Bets

In other news, insider Thomas Charles Fisher sold 11,441 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $15.62, for a total value 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 $3,974,493.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Several institutional investors have recently bought and sold shares of the company. Principal Securities Inc. acquired a new position in shares of Pebblebrook Hotel Trust during the fourth quarter worth about $64,000. Allspring Global Investments Holdings LLC increased its position in Pebblebrook Hotel Trust by 13.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,687 shares of the real estate investment trust’s stock worth $104,000 after purchasing an additional 884 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Pebblebrook Hotel Trust during the 3rd quarter worth approximately $148,000. Quest Partners LLC purchased a new position in shares of Pebblebrook Hotel Trust during the 4th quarter worth approximately $157,000. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of Pebblebrook Hotel Trust by 6.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 14,579 shares of the real estate investment trust’s stock valued at $198,000 after buying an additional 942 shares during the period.

About Pebblebrook Hotel Trust

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.