Pebblebrook Hotel Trust (NYSE:PEB) Price Target Cut to $16.00 by Analysts at Truist Financial

Pebblebrook Hotel Trust (NYSE:PEB) Price Target Cut to $16.00 by Analysts at Truist Financial

Pebblebrook Hotel Trust logoPebblebrook Hotel Trust (NYSE:PEB – Get Rating) had its price objective lowered by equity researchers at Truist Financial from $18.00 to $16.00 in a note issued to investors on Thursday, The Fly reports. Truist Financial’s price target would indicate a potential upside of 12.60% from the company’s current price.

A number of other research analysts have also issued reports on the stock. Barclays reduced their target price on shares of Pebblebrook Hotel Trust from $22.00 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 21st. The Street lowered shares of Pebblebrook Hotel Trust from a “c-” rating to a “d+” rating in a report on Friday, December 30th. StockNews.com started coverage on shares of Pebblebrook Hotel Trust in a report on Thursday, March 16th. They issued a “sell” rating on the stock. Wells Fargo & Company dropped their price objective on shares of Pebblebrook Hotel Trust from $17.00 to $14.00 and set an “equal weight” rating for the company in a research note on Thursday, March 30th. Finally, Stifel Nicolaus dropped their price objective on shares of Pebblebrook Hotel Trust from $16.50 to $15.25 in a research note on Monday, March 27th. Three investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $17.88.

Pebblebrook Hotel Trust Stock Down 1.3 %

Shares of Pebblebrook Hotel Trust stock opened at $14.21 on Thursday. The Pebblebrook Hotel Trust has a 52-week low of $12.37 and a 52-week high of $26.14. The company has a 50 day moving average of $14.44 and a 200 day moving average of $14.86. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $1.78 billion, a P/E ratio of -14.65, a P/E/G ratio of 0.60 and a beta of 1.85.

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Pebblebrook Hotel Trust (NYSE:PEB – Get Rating) last announced its earnings results on Tuesday, February 21st. The real estate investment trust reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.52). The business had revenue of $319.61 million during the quarter, compared to analyst estimates of $309.55 million. The Pebblebrook Hotel Trust had a negative net margin of 6.26% and a negative return on equity of 2.77%. The business’s revenue was up 29.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.06 earnings per share. As a group, research analysts forecast that the Pebblebrook Hotel Trust will post 1.71 EPS for the current fiscal year.

Insider Transactions at Pebblebrook Hotel Trust

In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz purchased 14,000 shares of the company’s stock in a transaction dated Thursday, March 16th. The shares were bought at an average price of $13.62 per share, with a total value of $190,680.00. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Jon E. Bortz acquired 14,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The stock was acquired at an average cost of $13.62 per share, for a total transaction of $190,680.00. Following the completion of the acquisition, the chief executive officer now owns 1,108,102 shares in the company, valued at $15,092,349.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jon E. Bortz purchased 11,000 shares of the firm’s stock in a transaction on Wednesday, March 22nd. The stock was purchased at an average price of $12.95 per share, with a total value of $142,450.00. Following the completion of the purchase, the chief executive officer now owns 1,122,102 shares of the company’s stock, valued at $14,531,220.90. The disclosure for this purchase can be found here. Insiders have acquired a total of 39,865 shares of company stock valued at $555,064 over the last 90 days. 2.40% of the stock is owned by company insiders.

Institutional Trading of Pebblebrook Hotel Trust

Several hedge funds have recently added to or reduced their stakes in the company. Guggenheim Capital LLC increased its stake in shares of Pebblebrook Hotel Trust by 1.2% in the 3rd quarter. Guggenheim Capital LLC now owns 58,938 shares of the real estate investment trust’s stock valued at $855,000 after purchasing an additional 724 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Pebblebrook Hotel Trust by 11.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 11,653 shares of the real estate investment trust’s stock valued at $156,000 after purchasing an additional 1,199 shares during the last quarter. Assetmark Inc. increased its stake in shares of Pebblebrook Hotel Trust by 27.2% in the 4th quarter. Assetmark Inc. now owns 5,959 shares of the real estate investment trust’s stock valued at $80,000 after purchasing an additional 1,273 shares during the last quarter. Investnet Asset Management Inc. increased its stake in shares of Pebblebrook Hotel Trust by 0.5% in the 3rd quarter. Investnet Asset Management Inc. now owns 280,528 shares of the real estate investment trust’s stock valued at $4,070,000 after purchasing an additional 1,303 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in shares of Pebblebrook Hotel Trust by 3.5% in the 2nd quarter. Jane Street Group LLC now owns 38,154 shares of the real estate investment trust’s stock valued at $632,000 after purchasing an additional 1,305 shares during the last quarter.

About Pebblebrook Hotel Trust

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Pebblebrook Hotel Trust is a real estate investment trust, engaging 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.

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