Truist Financial Cuts Pebblebrook Hotel Trust (NYSE:PEB) Price Target to $13.00

Pebblebrook Hotel Trust (NYSE:PEB) had its price target reduced by Truist Financial from $14.00 to $13.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a hold rating on the real estate investment trust’s stock.

Several other equities analysts have also recently weighed in on the company. Compass Point raised Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Thursday, November 21st. Wedbush cut Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price target for the company. in a research note on Thursday, January 2nd. StockNews.com cut Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. Robert W. Baird lowered their price target on 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. Finally, Wells Fargo & Company upped their target price on Pebblebrook Hotel Trust from $14.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Monday, December 9th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Pebblebrook Hotel Trust has a consensus rating of “Hold” and an average target price of $14.67.

Pebblebrook Hotel Trust Trading Up 1.5 %

NYSE:PEB opened at $12.84 on Tuesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81. Pebblebrook Hotel Trust has a fifty-two week low of $11.65 and a fifty-two week high of $16.65. The stock’s 50-day moving average is $13.75 and its two-hundred day moving average is $13.21. The stock has a market cap of $1.54 billion, a PE ratio of -44.26, a price-to-earnings-growth ratio of 0.62 and a beta of 1.85.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.31%. The ex-dividend date was Tuesday, December 31st. Pebblebrook Hotel Trust’s payout ratio is presently -13.79%.

Insider Transactions at Pebblebrook Hotel Trust

In other 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 sale, the chief executive officer now owns 1,349,284 shares in the company, 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. Also, CEO Jon E. Bortz bought 13,000 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were acquired at an average price of $12.68 per share, for a total transaction of $164,840.00. Following the acquisition, the chief executive officer now directly owns 1,395,284 shares of the company’s stock, valued at approximately $17,692,201.12. The trade was a 0.94 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Hedge funds have recently added to or reduced their stakes in the company. Covestor Ltd boosted its holdings in Pebblebrook Hotel Trust by 80.1% in the third quarter. Covestor Ltd now owns 4,471 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 1,989 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Pebblebrook Hotel Trust by 35.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,677 shares of the real estate investment trust’s stock valued at $63,000 after acquiring an additional 1,212 shares during the last quarter. FMR LLC lifted its stake in Pebblebrook Hotel Trust by 10.8% in the third quarter. FMR LLC now owns 9,069 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 884 shares during the period. FORA Capital LLC acquired a new position in Pebblebrook Hotel Trust in the third quarter valued at about $133,000. Finally, Algert Global LLC acquired a new position in Pebblebrook Hotel Trust in the second quarter valued at about $167,000.

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.