Wells Fargo & Company Lowers Pebblebrook Hotel Trust (NYSE:PEB) Price Target to $13.00

Pebblebrook Hotel Trust (NYSE:PEB) had its price objective lowered by Wells Fargo & Company from $16.00 to $13.00 in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the real estate investment trust’s stock.

Other equities analysts also recently issued research reports about the stock. Wedbush downgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price target for the company. in a report on Thursday, January 2nd. Compass Point raised shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 target price for the company in a report on Thursday, November 21st. StockNews.com lowered Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. Robert W. Baird dropped their price target on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Finally, Truist Financial reduced their price objective on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Pebblebrook Hotel Trust currently has an average rating of “Hold” and a consensus price target of $14.17.

Pebblebrook Hotel Trust Trading Down 1.9 %

Shares of PEB stock opened at $12.29 on Tuesday. Pebblebrook Hotel Trust has a 1-year low of $11.65 and a 1-year high of $16.65. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81. The business’s fifty day moving average price is $13.31 and its 200 day moving average price is $13.12. The firm has a market capitalization of $1.47 billion, a PE ratio of -42.36, a P/E/G ratio of 0.61 and a beta of 1.85.

Pebblebrook Hotel Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.04 annualized dividend and a yield of 0.33%. Pebblebrook Hotel Trust’s payout ratio is currently -13.79%.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Several hedge funds have recently made changes to their positions in PEB. GF Fund Management CO. LTD. acquired a new position in Pebblebrook Hotel Trust in the fourth quarter valued at $30,000. Quadrant Capital Group LLC boosted its stake in Pebblebrook Hotel Trust by 100.2% in the 4th quarter. Quadrant Capital Group LLC now owns 2,644 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 1,323 shares during the last quarter. Sterling Capital Management LLC boosted its stake in Pebblebrook Hotel Trust by 815.6% in the 4th quarter. Sterling Capital Management LLC now owns 3,763 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 3,352 shares during the last quarter. Covestor Ltd grew its holdings in Pebblebrook Hotel Trust by 80.1% in the 3rd quarter. Covestor Ltd now owns 4,471 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 1,989 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Pebblebrook Hotel Trust by 35.0% during the 3rd 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.

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.