Goldman Sachs Group reiterated their sell rating on shares of Pebblebrook Hotel Trust (NYSE:PEB) in a report released on Thursday, Marketbeat reports. The firm currently has a $26.00 price target on the real estate investment trust’s stock.
A number of other research analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of Pebblebrook Hotel Trust from a hold rating to a buy rating and set a $41.00 target price for the company in a report on Thursday, September 27th. Stifel Nicolaus upgraded shares of Pebblebrook Hotel Trust from a hold rating to a buy rating and set a $38.00 price target on the stock in a report on Monday, November 12th. Robert W. Baird set a $38.00 target price on shares of Pebblebrook Hotel Trust and gave the company a hold rating in a research note on Wednesday, October 10th. Finally, Bank of America reissued a buy rating and set a $36.00 price objective on shares of Pebblebrook Hotel Trust in a report on Monday, October 29th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $36.88.
Shares of NYSE:PEB opened at $30.69 on Thursday. Pebblebrook Hotel Trust has a one year low of $26.59 and a one year high of $41.65. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market capitalization of $2.10 billion, a PE ratio of 11.94, a price-to-earnings-growth ratio of 2.23 and a beta of 1.34.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Thursday, November 29th will be given a dividend of $0.2478 per share. This represents a $0.99 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Wednesday, November 28th. Pebblebrook Hotel Trust’s payout ratio is presently 20.62%.
In related news, Director Cydney Donnell acquired 1,400 shares of the stock in a transaction that occurred on Friday, December 7th. The shares were purchased at an average cost of $35.58 per share, with a total value of $49,812.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.20% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Fort Washington Investment Advisors Inc. OH purchased a new position in Pebblebrook Hotel Trust during the third quarter valued at approximately $280,000. Paloma Partners Management Co purchased a new position in Pebblebrook Hotel Trust during the second quarter valued at approximately $305,000. Zeke Capital Advisors LLC purchased a new position in Pebblebrook Hotel Trust during the third quarter valued at approximately $331,000. Marshall Wace LLP purchased a new position in Pebblebrook Hotel Trust during the second quarter valued at approximately $395,000. Finally, Forsta AP Fonden purchased a new position in Pebblebrook Hotel Trust during the second quarter valued at approximately $458,000.
About Pebblebrook Hotel Trust
Pebblebrook Hotel Trust is a publicly traded real estate investment trust (REIT) organized to opportunistically acquire and invest primarily in upper upscale, full-service hotels located in urban markets in major gateway cities. The Company owns 64 hotels, totaling approximately 15,400 guest rooms, located in 11 states and the District of Columbia, in the following markets: Del Mar, California; Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Santa Cruz, California; Washington, DC; Coral Gables, Florida; Key West, Florida; Naples, Florida; Buckhead, Georgia; Chicago, Illinois; Boston, Massachusetts; Minneapolis, Minnesota; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.
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