Pebblebrook Hotel Trust (NYSE:PEB) Earns “Neutral” Rating from Compass Point

Pebblebrook Hotel Trust (NYSE:PEB)‘s stock had its “neutral” rating reissued by stock analysts at Compass Point in a research note issued on Thursday, Marketbeat Ratings reports. They presently have a $17.00 price objective on the real estate investment trust’s stock. Compass Point’s target price would suggest a potential upside of 9.11% from the stock’s previous close.

Several other analysts have also weighed in on PEB. Wells Fargo & Company lifted their target price on shares of Pebblebrook Hotel Trust from $14.00 to $16.00 and gave the company an “equal weight” rating in a research report on Friday, December 22nd. Bank of America lowered Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.50 price objective for the company. in a research note on Monday, January 8th. Finally, Truist Financial upped their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $16.00 and gave the stock a “hold” rating in a research note on Thursday, January 18th. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $14.78.

Pebblebrook Hotel Trust Trading Up 1.6 %

Shares of NYSE:PEB opened at $15.58 on Thursday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.81. Pebblebrook Hotel Trust has a 12-month low of $11.39 and a 12-month high of $16.65. The firm has a fifty day moving average of $15.79 and a two-hundred day moving average of $14.47. The firm has a market capitalization of $1.87 billion, a P/E ratio of -16.06, a price-to-earnings-growth ratio of 0.70 and a beta of 1.86.

Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.06. Pebblebrook Hotel Trust had a negative net margin of 5.49% and a negative return on equity of 2.65%. The company had revenue of $334.10 million for the quarter, compared to analyst estimates of $325.42 million. During the same quarter last year, the firm posted $0.20 earnings per share. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, equities analysts expect that Pebblebrook Hotel Trust will post 1.57 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Thomas Charles Fisher sold 11,441 shares of Pebblebrook Hotel Trust stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $15.62, for a total value of $178,708.42. Following the transaction, the insider now directly owns 254,449 shares of the company’s stock, valued at $3,974,493.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Institutional investors and hedge funds have recently bought and sold shares of the company. Two Sigma Investments LP grew its holdings in shares of Pebblebrook Hotel Trust by 968.1% during the first quarter. Two Sigma Investments LP now owns 1,594,256 shares of the real estate investment trust’s stock valued at $22,383,000 after buying an additional 1,444,992 shares during the last quarter. William Blair Investment Management LLC boosted its stake in Pebblebrook Hotel Trust by 49.8% in the third quarter. William Blair Investment Management LLC now owns 3,656,930 shares of the real estate investment trust’s stock valued at $49,698,000 after acquiring an additional 1,215,683 shares during the last quarter. Balyasny Asset Management L.P. lifted its stake in Pebblebrook Hotel Trust by 109.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,177,893 shares of the real estate investment trust’s stock valued at $34,803,000 after purchasing an additional 1,139,360 shares during the last quarter. Norges Bank bought a new position in shares of Pebblebrook Hotel Trust during the 4th quarter worth $14,624,000. Finally, Two Sigma Advisers LP lifted its holdings in Pebblebrook Hotel Trust by 240.4% during the first quarter. Two Sigma Advisers LP now owns 1,489,075 shares of the real estate investment trust’s stock valued at $20,907,000 after purchasing an additional 1,051,600 shares during 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.