Pebblebrook Hotel Trust (PEB) Stock Price Down 5.1%

Pebblebrook Hotel Trust (NYSE:PEB) shares fell 5.1% during mid-day trading on Wednesday . The stock traded as low as $34.35 and last traded at $34.47. 2,018,538 shares changed hands during mid-day trading, an increase of 197% from the average session volume of 679,338 shares. The stock had previously closed at $36.34.

Several research firms have issued reports on PEB. Boenning Scattergood restated a “hold” rating on shares of Pebblebrook Hotel Trust in a research report on Wednesday, October 25th. Robert W. Baird set a $35.00 price target on shares of Pebblebrook Hotel Trust and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Stifel Nicolaus restated a “hold” rating and issued a $34.50 price target (up previously from $31.50) on shares of Pebblebrook Hotel Trust in a research report on Tuesday, October 24th. Royal Bank of Canada restated a “buy” rating and issued a $35.00 price target on shares of Pebblebrook Hotel Trust in a research report on Wednesday, October 25th. Finally, Barclays lifted their price target on shares of Pebblebrook Hotel Trust from $36.00 to $37.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 25th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $36.72.

The company has a debt-to-equity ratio of 0.56, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market cap of $2,380.00, a PE ratio of 26.93, a price-to-earnings-growth ratio of 1.48 and a beta of 1.20.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. grew its position in Pebblebrook Hotel Trust by 11.0% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 11,956 shares of the real estate investment trust’s stock worth $385,000 after purchasing an additional 1,186 shares in the last quarter. Guggenheim Capital LLC grew its position in Pebblebrook Hotel Trust by 2.3% during the 4th quarter. Guggenheim Capital LLC now owns 63,390 shares of the real estate investment trust’s stock worth $2,356,000 after purchasing an additional 1,405 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its position in Pebblebrook Hotel Trust by 4.1% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 37,140 shares of the real estate investment trust’s stock worth $1,380,000 after purchasing an additional 1,479 shares in the last quarter. Strs Ohio grew its position in Pebblebrook Hotel Trust by 2.4% during the 4th quarter. Strs Ohio now owns 108,830 shares of the real estate investment trust’s stock worth $4,045,000 after purchasing an additional 2,571 shares in the last quarter. Finally, Martingale Asset Management L P grew its position in Pebblebrook Hotel Trust by 4.8% during the 4th quarter. Martingale Asset Management L P now owns 57,145 shares of the real estate investment trust’s stock worth $2,125,000 after purchasing an additional 2,616 shares in the last quarter.

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Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust is an internally managed hotel investment company. The Company is a real estate investment trust (REIT) that acquires and invests in hotel properties located primarily in cities of the United States. As of December 31, 2016, the Company owned 29 hotels with a total of 7,219 guest rooms.

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