Pebblebrook Hotel Trust (NYSE:PEB) Upgraded to “Buy” at Compass Point

Pebblebrook Hotel Trust (NYSE:PEB) was upgraded by research analysts at Compass Point from a “neutral” rating to a “buy” rating in a research report issued on Thursday,Briefing.com Automated Import reports. The firm presently has a $17.00 price target on the real estate investment trust’s stock. Compass Point’s price objective suggests a potential upside of 37.43% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Robert W. Baird decreased their price target on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Truist Financial cut their target price on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating on the stock in a report on Monday, October 28th. StockNews.com downgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Finally, Wells Fargo & Company reduced their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Friday, September 13th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $14.30.

Pebblebrook Hotel Trust Stock Down 0.2 %

Shares of NYSE:PEB opened at $12.37 on Thursday. Pebblebrook Hotel Trust has a 1 year low of $11.65 and a 1 year high of $16.65. 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 business’s 50-day moving average is $12.84 and its 200-day moving average is $13.31. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of -42.65, a P/E/G ratio of 0.59 and a beta of 1.85.

Insider Buying and Selling at Pebblebrook Hotel Trust

In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz sold 11,000 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $21.37, for a total transaction of $235,070.00. Following the completion of the transaction, the chief executive officer now directly owns 1,349,284 shares of the company’s stock, valued at approximately $28,834,199.08. This represents a 0.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in 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 in the last quarter. FMR LLC raised its holdings in Pebblebrook Hotel Trust by 10.8% during the 3rd quarter. FMR LLC now owns 9,069 shares of the real estate investment trust’s stock valued at $120,000 after acquiring an additional 884 shares during the period. Atria Investments Inc lifted its position in shares of Pebblebrook Hotel Trust by 2.2% during the third quarter. Atria Investments Inc now owns 40,897 shares of the real estate investment trust’s stock worth $541,000 after acquiring an additional 889 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Pebblebrook Hotel Trust by 1.5% in 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 acquiring an additional 900 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew 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 purchasing an additional 916 shares in the last quarter.

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.