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

StockNews.com downgraded shares of Pebblebrook Hotel Trust (NYSE:PEB) from a hold rating to a sell rating in a report released on Wednesday morning.

A number of other brokerages have also weighed in on PEB. Compass Point raised shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 price target for the company in a report on Thursday, November 21st. Wedbush lowered shares of Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price target for the company. in a report on Thursday, January 2nd. Truist Financial lowered their price target on shares of Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. Wells Fargo & Company reduced their price objective on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. Finally, Raymond James set a $14.00 price objective on shares of Pebblebrook Hotel Trust and gave the company an “outperform” rating in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Pebblebrook Hotel Trust currently has a consensus rating of “Hold” and an average target price of $14.14.

Pebblebrook Hotel Trust Stock Performance

Shares of Pebblebrook Hotel Trust stock opened at $12.11 on Wednesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market cap of $1.45 billion, a P/E ratio of -41.77, a P/E/G ratio of 0.60 and a beta of 1.85. The firm has a 50 day simple moving average of $12.88 and a 200 day simple moving average of $13.09. Pebblebrook Hotel Trust has a fifty-two week low of $11.47 and a fifty-two week high of $16.44.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.01 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.33%. Pebblebrook Hotel Trust’s payout ratio is -9.30%.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Jefferies Financial Group Inc. acquired a new stake in shares of Pebblebrook Hotel Trust during the fourth quarter worth $8,993,000. GF Fund Management CO. LTD. acquired a new stake in Pebblebrook Hotel Trust in the 4th quarter valued at $30,000. Voloridge Investment Management LLC increased its stake in Pebblebrook Hotel Trust by 39.0% in the 4th quarter. Voloridge Investment Management LLC now owns 463,839 shares of the real estate investment trust’s stock valued at $6,285,000 after buying an additional 130,191 shares during the last quarter. Squarepoint Ops LLC increased its stake in Pebblebrook Hotel Trust by 190.7% in the 4th quarter. Squarepoint Ops LLC now owns 46,469 shares of the real estate investment trust’s stock valued at $630,000 after buying an additional 30,484 shares during the last quarter. Finally, Wexford Capital LP acquired a new stake in Pebblebrook Hotel Trust in the 4th quarter valued at $271,000.

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.