Pebblebrook Hotel Trust (NYSE:PEB) Upgraded at Raymond James

Pebblebrook Hotel Trust (NYSE:PEB) was upgraded by analysts at Raymond James from a “hold” rating to a “moderate buy” rating in a report issued on Thursday,Zacks.com reports.

A number of other equities research analysts also recently issued reports on the stock. StockNews.com raised shares of Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research note on Tuesday. Wedbush lowered Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 target price on the stock. in a research report on Thursday, January 2nd. Compass Point upgraded Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Thursday, November 21st. Wells Fargo & Company cut their price objective on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. Finally, Robert W. Baird lowered their target price on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Pebblebrook Hotel Trust presently has an average rating of “Hold” and a consensus price target of $14.14.

Pebblebrook Hotel Trust Stock Up 4.0 %

Shares of PEB opened at $12.22 on Thursday. The company’s 50-day moving average price is $13.08 and its 200 day moving average price is $13.11. Pebblebrook Hotel Trust has a 12-month low of $11.47 and a 12-month high of $16.61. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. The firm has a market cap of $1.46 billion, a P/E ratio of -42.14, a price-to-earnings-growth ratio of 0.60 and a beta of 1.85.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PEB. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Pebblebrook Hotel Trust by 35.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,677 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 1,212 shares in the last quarter. abrdn plc increased its holdings in shares of Pebblebrook Hotel Trust by 10.2% in the 3rd quarter. abrdn plc now owns 24,579 shares of the real estate investment trust’s stock valued at $325,000 after acquiring an additional 2,281 shares during the period. Van ECK Associates Corp increased its holdings in shares of Pebblebrook Hotel Trust by 12.3% in the 3rd quarter. Van ECK Associates Corp now owns 20,523 shares of the real estate investment trust’s stock valued at $247,000 after acquiring an additional 2,253 shares during the period. Asset Management One Co. Ltd. raised its position in Pebblebrook Hotel Trust by 0.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 174,841 shares of the real estate investment trust’s stock valued at $2,313,000 after purchasing an additional 866 shares during the last quarter. Finally, Atria Investments Inc boosted its stake in Pebblebrook Hotel Trust by 2.2% during the 3rd quarter. Atria Investments Inc now owns 40,897 shares of the real estate investment trust’s stock worth $541,000 after purchasing an additional 889 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.