StockNews.com Downgrades Pebblebrook Hotel Trust (NYSE:PEB) to Sell

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

Separately, Truist Financial lowered their target price on Pebblebrook Hotel Trust from $16.00 to $15.00 and set a “hold” rating for the company in a research note on Thursday, May 30th. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $14.42.

Pebblebrook Hotel Trust Trading Up 1.7 %

Shares of NYSE PEB opened at $13.02 on Wednesday. Pebblebrook Hotel Trust has a twelve month low of $11.39 and a twelve month high of $16.65. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.78. The stock has a fifty day simple moving average of $13.16 and a 200-day simple moving average of $14.42. The stock has a market capitalization of $1.57 billion, a PE ratio of -12.76, a PEG ratio of 0.59 and a beta of 1.84.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.42). Pebblebrook Hotel Trust had a negative net margin of 6.75% and a negative return on equity of 3.40%. The firm had revenue of $397.11 million during the quarter, compared to analyst estimates of $396.29 million. During the same period in the previous year, the firm posted $0.62 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities analysts forecast that Pebblebrook Hotel Trust will post 1.53 earnings per share for the current year.

Insider Transactions at Pebblebrook Hotel Trust

In other news, Director Phillip M. Miller sold 3,500 shares of the company’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $13.29, for a total transaction of $46,515.00. Following the completion of the transaction, the director now directly owns 13,098 shares of the company’s stock, valued at approximately $174,072.42. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Jon E. Bortz bought 22,000 shares of Pebblebrook Hotel Trust stock in a transaction dated Tuesday, August 13th. The stock was acquired at an average cost of $12.21 per share, with a total value of $268,620.00. Following the acquisition, the chief executive officer now owns 1,341,284 shares of the company’s stock, valued at $16,377,077.64. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Phillip M. Miller sold 3,500 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $13.29, for a total value of $46,515.00. Following the completion of the sale, the director now directly owns 13,098 shares of the company’s stock, valued at $174,072.42. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.

Institutional Trading of Pebblebrook Hotel Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Securities Inc. purchased a new stake in Pebblebrook Hotel Trust during the 4th quarter valued at approximately $64,000. Quarry LP raised its stake in Pebblebrook Hotel Trust by 2,376.9% during the 2nd quarter. Quarry LP now owns 4,508 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 4,326 shares during the last quarter. Quest Partners LLC purchased a new stake in Pebblebrook Hotel Trust during the 4th quarter valued at approximately $157,000. Blue Trust Inc. raised its stake in Pebblebrook Hotel Trust by 707.8% during the 2nd quarter. Blue Trust Inc. now owns 11,116 shares of the real estate investment trust’s stock valued at $153,000 after acquiring an additional 9,740 shares during the last quarter. Finally, Algert Global LLC purchased a new stake in Pebblebrook Hotel Trust during the 2nd quarter valued at approximately $167,000.

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.