Pebblebrook Hotel Trust (NYSE:PEB) Earns Sell Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Pebblebrook Hotel Trust (NYSE:PEB – Get Rating) in a research report report published on Thursday morning. The brokerage issued a sell rating on the real estate investment trust’s stock.

Several other analysts also recently issued reports on PEB. Barclays decreased their price target on Pebblebrook Hotel Trust from $22.00 to $18.00 and set an equal weight rating for the company in a research note on Wednesday, December 21st. TheStreet downgraded Pebblebrook Hotel Trust from a c- rating to a d+ rating in a research note on Friday, December 30th. BMO Capital Markets downgraded Pebblebrook Hotel Trust from an outperform rating to a market perform rating and decreased their price target for the stock from $20.00 to $18.00 in a research note on Friday, December 2nd. Raymond James downgraded Pebblebrook Hotel Trust from an outperform rating to a market perform rating in a research note on Friday, December 9th. Finally, Citigroup increased their target price on Pebblebrook Hotel Trust from $15.00 to $16.50 and gave the company a neutral rating in a research note on Wednesday, February 1st. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Pebblebrook Hotel Trust has a consensus rating of Hold and a consensus price target of $19.50.

Pebblebrook Hotel Trust Stock Performance

Shares of PEB stock opened at $13.20 on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.38 and a quick ratio of 0.38. Pebblebrook Hotel Trust has a fifty-two week low of $12.54 and a fifty-two week high of $26.14. The stock’s 50-day moving average is $14.97 and its two-hundred day moving average is $15.32. The firm has a market cap of $1.66 billion, a P/E ratio of -13.61, a PEG ratio of 0.56 and a beta of 1.84.

Pebblebrook Hotel Trust (NYSE:PEB – Get Rating) last released its quarterly earnings results on Tuesday, February 21st. The real estate investment trust reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.52). The company had revenue of $319.61 million for the quarter, compared to the consensus estimate of $309.55 million. Pebblebrook Hotel Trust had a negative return on equity of 2.77% and a negative net margin of 6.26%. The business’s revenue was up 29.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.06 EPS. Analysts predict that Pebblebrook Hotel Trust will post 1.73 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Friday, March 31st will be issued a $0.01 dividend. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $0.04 annualized dividend and a yield of 0.30%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is -4.12%.

Insider Buying and Selling at Pebblebrook Hotel Trust

In other news, CEO Jon E. Bortz purchased 14,000 shares of the business’s stock in a transaction on Thursday, March 16th. The stock was purchased at an average price of $13.62 per share, with a total value of $190,680.00. Following the acquisition, the chief executive officer now directly owns 1,108,102 shares in the company, valued at approximately $15,092,349.24. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Jon E. Bortz purchased 14,865 shares of the business’s stock in a transaction on Wednesday, March 8th. The stock was purchased at an average price of $14.93 per share, with a total value of $221,934.45. Following the acquisition, the chief executive officer now directly owns 1,039,967 shares in the company, valued at approximately $15,526,707.31. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jon E. Bortz purchased 14,000 shares of the business’s stock in a transaction on Thursday, March 16th. The stock was purchased at an average cost of $13.62 per share, with a total value of $190,680.00. Following the acquisition, the chief executive officer now owns 1,108,102 shares in the company, valued at $15,092,349.24. The disclosure for this purchase can be found here. Insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Hedge funds have recently modified their holdings of the stock. C M Bidwell & Associates Ltd. acquired a new position in shares of Pebblebrook Hotel Trust in the 3rd quarter worth approximately $48,000. Neo Ivy Capital Management acquired a new position in shares of Pebblebrook Hotel Trust in the 2nd quarter worth approximately $50,000. Wipfli Financial Advisors LLC acquired a new position in shares of Pebblebrook Hotel Trust in the 3rd quarter worth approximately $64,000. Assetmark Inc. raised its holdings in shares of Pebblebrook Hotel Trust by 91.6% in the 3rd quarter. Assetmark Inc. now owns 4,686 shares of the real estate investment trust’s stock worth $68,000 after buying an additional 2,240 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Pebblebrook Hotel Trust in the 3rd quarter worth approximately $79,000.

About Pebblebrook Hotel Trust

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Pebblebrook Hotel Trust is a real estate investment trust, engages in investments and acquisitions in hotel properties. Its hotels are located in markets like Atlanta, Georgia, Boston, Massachusetts, Chicago, Illinois, Key West, Miami and Naples, Florida, Los Angeles, San Diego and San Francisco, California, Nashville, Tennessee, New York, New York, Philadelphia, Pennsylvania, Portland, Oregon, and Seattle, Washington.