Pebblebrook Hotel Trust (NYSE:PEB) Upgraded at StockNews.com

StockNews.com upgraded shares of Pebblebrook Hotel Trust (NYSE:PEB) from a sell rating to a hold rating in a research note published on Wednesday.

A number of other brokerages also recently issued reports on PEB. Truist Financial increased their target price on Pebblebrook Hotel Trust from $15.00 to $16.00 and gave the stock a hold rating in a research note on Thursday, January 18th. Compass Point reissued a neutral rating and set a $17.00 target price on shares of Pebblebrook Hotel Trust in a research note on Thursday, March 28th. Finally, Bank of America downgraded Pebblebrook Hotel Trust from a neutral rating to an underperform rating and set a $13.50 target price for the company. in a research note on Monday, January 8th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat.com, Pebblebrook Hotel Trust has an average rating of Hold and an average price target of $14.78.

Pebblebrook Hotel Trust Stock Down 0.3 %

PEB opened at $14.96 on Wednesday. The business has a 50 day moving average price of $15.61 and a two-hundred day moving average price of $14.69. The company has a quick ratio of 0.97, a current ratio of 0.46 and a debt-to-equity ratio of 0.78. The company has a market cap of $1.80 billion, a PE ratio of -14.66, a P/E/G ratio of 0.71 and a beta of 1.86. Pebblebrook Hotel Trust has a 52 week low of $11.39 and a 52 week high of $16.65.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported ($0.32) EPS for the quarter, missing the consensus estimate of $0.16 by ($0.48). The company had revenue of $314.10 million for the quarter, compared to analysts’ expectations of $304.34 million. Pebblebrook Hotel Trust had a negative net margin of 5.84% and a negative return on equity of 2.88%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.18 earnings per share. As a group, research analysts anticipate that Pebblebrook Hotel Trust will post 1.57 EPS for the current year.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend was Wednesday, March 27th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is -3.92%.

Insider Transactions at Pebblebrook Hotel Trust

In other news, insider Thomas Charles Fisher sold 11,441 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $15.62, for a total transaction of $178,708.42. Following the sale, the insider now owns 254,449 shares in the company, valued at $3,974,493.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its position in shares of Pebblebrook Hotel Trust by 13.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,687 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 884 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of Pebblebrook Hotel Trust by 6.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 14,579 shares of the real estate investment trust’s stock worth $198,000 after buying an additional 942 shares during the period. UniSuper Management Pty Ltd raised its position in shares of Pebblebrook Hotel Trust by 4.2% in the 3rd quarter. UniSuper Management Pty Ltd now owns 34,968 shares of the real estate investment trust’s stock worth $475,000 after buying an additional 1,400 shares during the period. Connable Office Inc. raised its position in shares of Pebblebrook Hotel Trust by 5.3% in the 4th quarter. Connable Office Inc. now owns 28,842 shares of the real estate investment trust’s stock worth $461,000 after buying an additional 1,443 shares during the period. Finally, White Pine Capital LLC raised its position in shares of Pebblebrook Hotel Trust by 5.1% in the 4th quarter. White Pine Capital LLC now owns 42,692 shares of the real estate investment trust’s stock worth $682,000 after buying an additional 2,090 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.