Pebblebrook Hotel Trust (NYSE:PEB) Receives Average Rating of “Reduce” from Analysts

Pebblebrook Hotel Trust (NYSE:PEB) has been given an average recommendation of “Reduce” by the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $13.92.

PEB has been the topic of a number of recent research reports. Wells Fargo & Company dropped their target price on Pebblebrook Hotel Trust from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Friday, September 13th. StockNews.com downgraded Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Wednesday.

Pebblebrook Hotel Trust Stock Performance

Shares of Pebblebrook Hotel Trust stock opened at $13.55 on Tuesday. The company has a market capitalization of $1.63 billion, a PE ratio of -13.28, a P/E/G ratio of 0.66 and a beta of 1.84. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.71 and a current ratio of 0.71. The company has a 50-day simple moving average of $13.07 and a two-hundred day simple moving average of $14.01. Pebblebrook Hotel Trust has a one year low of $11.39 and a one year high of $16.65.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings results 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 return on equity of 3.40% and a negative net margin of 6.75%. The business had revenue of $397.11 million for the quarter, compared to analysts’ expectations of $396.29 million. During the same quarter in the previous year, the firm posted $0.62 EPS. Pebblebrook Hotel Trust’s revenue was up 3.3% on a year-over-year basis. Research analysts expect that Pebblebrook Hotel Trust will post 1.51 EPS for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend is Monday, September 30th. Pebblebrook Hotel Trust’s payout ratio is currently -3.92%.

Insider Transactions at Pebblebrook Hotel Trust

In other news, CEO Jon E. Bortz bought 22,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was bought at an average cost of $12.21 per share, for a total transaction of $268,620.00. Following the acquisition, the chief executive officer now directly owns 1,341,284 shares of the company’s stock, valued at approximately $16,377,077.64. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Jon E. Bortz bought 22,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was bought at an average cost of $12.21 per share, for a total transaction of $268,620.00. Following the acquisition, the chief executive officer now directly owns 1,341,284 shares of the company’s stock, valued at approximately $16,377,077.64. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jon E. Bortz purchased 66,000 shares of Pebblebrook Hotel Trust stock in a transaction on Monday, August 5th. The stock was bought at an average cost of $11.98 per share, for a total transaction of $790,680.00. Following the transaction, the chief executive officer now directly owns 1,319,284 shares in the company, valued at $15,805,022.32. The disclosure for this purchase can be found here. Company insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP raised its position in shares of 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 worth $62,000 after acquiring an additional 4,326 shares in the last quarter. Quest Partners LLC purchased a new position in Pebblebrook Hotel Trust during the 4th quarter worth approximately $157,000. Blue Trust Inc. grew 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 worth $153,000 after buying an additional 9,740 shares during the last quarter. Algert Global LLC purchased a new position in Pebblebrook Hotel Trust during the 2nd quarter worth approximately $167,000. Finally, Quadrature Capital Ltd purchased a new position in Pebblebrook Hotel Trust during the 4th quarter worth approximately $266,000.

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.