Pebblebrook Hotel Trust (NYSE:PEB) Downgraded by StockNews.com to “Sell”

StockNews.com cut shares of Pebblebrook Hotel Trust (NYSE:PEB) from a hold rating to a sell rating in a research report sent to investors on Tuesday.

Separately, Wells Fargo & Company dropped their target price on Pebblebrook Hotel Trust from $15.00 to $13.00 and set an “equal weight” rating for the company in a research report on Friday, September 13th. Three research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $13.90.

Pebblebrook Hotel Trust Stock Performance

Shares of NYSE:PEB opened at $12.42 on Tuesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.71 and a quick ratio of 0.71. Pebblebrook Hotel Trust has a 12 month low of $11.39 and a 12 month high of $16.65. The company’s 50-day moving average price is $12.98 and its two-hundred day moving average price is $13.64.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.42). Pebblebrook Hotel Trust had a negative net margin of 6.75% and a negative return on equity of 3.40%. The company had revenue of $397.11 million during the quarter, compared to analyst estimates of $396.29 million. During the same period in the prior year, the business earned $0.62 EPS. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, sell-side analysts predict that Pebblebrook Hotel Trust will post 1.52 EPS for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.01 per share. The ex-dividend date was Monday, September 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.32%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -3.64%.

Insider Activity at Pebblebrook Hotel Trust

In related news, CEO Jon E. Bortz bought 66,000 shares of Pebblebrook Hotel Trust stock in a transaction on Monday, August 5th. The shares were purchased at an average price of $11.98 per share, for a total transaction of $790,680.00. Following the completion of the acquisition, the chief executive officer now owns 1,319,284 shares in the company, valued at approximately $15,805,022.32. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Jon E. Bortz bought 66,000 shares of the stock in a transaction on Monday, August 5th. The stock was purchased at an average price of $11.98 per share, with a total value of $790,680.00. Following the completion of the purchase, the chief executive officer now owns 1,319,284 shares of the company’s stock, valued at approximately $15,805,022.32. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jon E. Bortz purchased 22,000 shares of Pebblebrook Hotel Trust stock in a transaction dated Tuesday, August 13th. The shares were purchased at an average cost of $12.21 per share, for a total transaction of $268,620.00. Following the completion of the transaction, the chief executive officer now owns 1,341,284 shares of the company’s stock, valued at approximately $16,377,077.64. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Several large investors have recently modified their holdings of the business. SG Americas Securities LLC lifted its holdings in shares of Pebblebrook Hotel Trust by 350.3% during the 1st quarter. SG Americas Securities LLC now owns 56,913 shares of the real estate investment trust’s stock valued at $877,000 after purchasing an additional 44,273 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its stake in Pebblebrook Hotel Trust by 38.1% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,963,388 shares of the real estate investment trust’s stock valued at $26,997,000 after buying an additional 541,573 shares in the last quarter. Earnest Partners LLC lifted its stake in Pebblebrook Hotel Trust by 1.0% in the second quarter. Earnest Partners LLC now owns 5,036,155 shares of the real estate investment trust’s stock valued at $69,247,000 after buying an additional 51,677 shares in the last quarter. Texas Permanent School Fund Corp boosted its holdings in shares of Pebblebrook Hotel Trust by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 105,462 shares of the real estate investment trust’s stock valued at $1,625,000 after buying an additional 1,413 shares during the period. Finally, Blue Trust Inc. increased its position in shares of Pebblebrook Hotel Trust by 707.8% during the second quarter. Blue Trust Inc. now owns 11,116 shares of the real estate investment trust’s stock worth $153,000 after acquiring an additional 9,740 shares in the last quarter.

About Pebblebrook Hotel Trust

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.