Pebblebrook Hotel Trust (NYSE:PEB) Price Target Cut to $14.00 by Analysts at Robert W. Baird

Pebblebrook Hotel Trust (NYSE:PEB) had its price objective cut by Robert W. Baird from $15.00 to $14.00 in a research note issued to investors on Thursday, Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

Several other analysts also recently issued reports on PEB. Wells Fargo & Company reduced their price target on shares of Pebblebrook Hotel Trust from $15.00 to $13.00 and set an “equal weight” rating for the company in a research report on Friday, September 13th. StockNews.com cut shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Finally, Truist Financial lowered their target price on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating on the stock in a report on Monday, October 28th. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $13.75.

Pebblebrook Hotel Trust Trading Down 1.1 %

Shares of Pebblebrook Hotel Trust stock opened at $11.85 on Thursday. The stock has a market capitalization of $1.43 billion, a PE ratio of -10.77, a price-to-earnings-growth ratio of 0.56 and a beta of 1.85. Pebblebrook Hotel Trust has a 52 week low of $11.39 and a 52 week high of $16.65. The stock has a 50 day moving average price of $12.91 and a two-hundred day moving average price of $13.50. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.71 and a current ratio of 0.71.

Pebblebrook Hotel Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders 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 0.34%. Pebblebrook Hotel Trust’s payout ratio is -3.64%.

Insider Activity at Pebblebrook Hotel Trust

In other news, CEO Jon E. Bortz purchased 22,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were acquired at an average cost of $12.21 per share, for a total transaction of $268,620.00. Following the completion of the acquisition, the chief executive officer now owns 1,341,284 shares in the company, valued at $16,377,077.64. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz purchased 22,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was bought at an average cost of $12.21 per share, with a total value of $268,620.00. Following the completion of the transaction, the chief executive officer now owns 1,341,284 shares of the company’s stock, valued at $16,377,077.64. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jon E. Bortz acquired 66,000 shares of the business’s stock in a transaction on Monday, August 5th. The stock was acquired 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 owns 1,319,284 shares of the company’s stock, valued at approximately $15,805,022.32. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 2.40% of the stock is owned by insiders.

Institutional Trading of Pebblebrook Hotel Trust

Large investors have recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. grew its position in shares of Pebblebrook Hotel Trust by 7.4% during the 1st quarter. Daiwa Securities Group Inc. now owns 39,147 shares of the real estate investment trust’s stock valued at $603,000 after acquiring an additional 2,708 shares during the period. Texas Permanent School Fund Corp increased its position in Pebblebrook Hotel Trust by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 105,462 shares of the real estate investment trust’s stock worth $1,625,000 after buying an additional 1,413 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Pebblebrook Hotel Trust by 350.3% in the first quarter. SG Americas Securities LLC now owns 56,913 shares of the real estate investment trust’s stock valued at $877,000 after buying an additional 44,273 shares during the period. ProShare Advisors LLC lifted its position in shares of Pebblebrook Hotel Trust by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 24,014 shares of the real estate investment trust’s stock valued at $370,000 after buying an additional 1,661 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System grew its stake in shares of Pebblebrook Hotel Trust by 23.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 42,717 shares of the real estate investment trust’s stock worth $600,000 after acquiring an additional 8,020 shares during the period.

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.