Pebblebrook Hotel Trust (NYSE:PEB) Given New $14.00 Price Target at Wells Fargo & Company

Pebblebrook Hotel Trust (NYSE:PEB) had its price objective boosted by Wells Fargo & Company from $13.00 to $14.00 in a research note issued to investors on Tuesday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the real estate investment trust’s stock.

PEB has been the topic of a number of other research reports. Robert W. Baird lowered their price target on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. StockNews.com cut Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and increased their price target for the stock from $14.75 to $15.00 in a research report on Friday, November 22nd. Truist Financial decreased their price target on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating for the company in a report on Monday, October 28th. Finally, Compass Point upgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Pebblebrook Hotel Trust currently has an average rating of “Hold” and a consensus price target of $14.58.

Pebblebrook Hotel Trust Trading Up 0.4 %

Pebblebrook Hotel Trust stock opened at $13.85 on Tuesday. Pebblebrook Hotel Trust has a 52 week low of $11.65 and a 52 week high of $16.65. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of -47.76, a P/E/G ratio of 0.67 and a beta of 1.85. The company has a 50 day moving average price of $12.87 and a 200 day moving average price of $13.27.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.01 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.29%. Pebblebrook Hotel Trust’s payout ratio is -13.79%.

Insider Buying and Selling

In related news, CEO Jon E. Bortz purchased 13,000 shares of Pebblebrook Hotel Trust stock in a transaction on Thursday, November 21st. The stock was bought at an average price of $12.68 per share, with a total value of $164,840.00. Following the completion of the transaction, the chief executive officer now directly owns 1,395,284 shares of the company’s stock, valued at approximately $17,692,201.12. This represents a 0.94 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jon E. Bortz sold 11,000 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $21.37, for a total value of $235,070.00. Following the transaction, the chief executive officer now directly owns 1,349,284 shares in the company, valued at approximately $28,834,199.08. This represents a 0.81 % decrease in their position. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Pebblebrook Hotel Trust

A number of institutional investors and hedge funds have recently modified their holdings of the company. Asset Management One Co. Ltd. increased its stake in shares of Pebblebrook Hotel Trust by 0.5% in the third quarter. Asset Management One Co. Ltd. now owns 174,841 shares of the real estate investment trust’s stock worth $2,313,000 after purchasing an additional 866 shares during the period. FMR LLC grew its holdings in Pebblebrook Hotel Trust by 10.8% in the 3rd quarter. FMR LLC now owns 9,069 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 884 shares during the last quarter. Atria Investments Inc increased its position in Pebblebrook Hotel Trust by 2.2% in the 3rd quarter. Atria Investments Inc now owns 40,897 shares of the real estate investment trust’s stock worth $541,000 after buying an additional 889 shares during the period. Louisiana State Employees Retirement System lifted its holdings in shares of Pebblebrook Hotel Trust by 1.5% during the second quarter. Louisiana State Employees Retirement System now owns 60,600 shares of the real estate investment trust’s stock worth $833,000 after buying an additional 900 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Pebblebrook Hotel Trust by 0.7% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 135,174 shares of the real estate investment trust’s stock valued at $1,859,000 after acquiring an additional 916 shares during the period.

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.