Pebblebrook Hotel Trust (NYSE:PEB) Cut to “Sell” at Zacks Investment Research

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Pebblebrook Hotel Trust (NYSE:PEB) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday, Zacks.com reports.

According to Zacks, “Pebblebrook Hotel Trust is an internally managed hotel investment company organized to acquire and invest in hotel properties located primarily in large United States cities with an emphasis on the major coastal markets. The Company may invest in resort properties located near its primary urban target markets, as well as in select destination markets. Pebblebrook Hotel Trust focuses on hotel properties in the lodging industry. In addition, the Company may seek to acquire service properties in its primary urban target markets. “

A number of other equities research analysts have also commented on the stock. SunTrust Banks reiterated a “hold” rating on shares of Tripadvisor in a report on Monday, May 6th. BTIG Research reduced their target price on shares of Host Hotels and Resorts from $24.00 to $20.50 and set a “buy” rating on the stock in a research report on Thursday, June 27th. They noted that the move was a valuation call. Citigroup downgraded shares of OIL SEARCH LTD/ADR from a “neutral” rating to a “sell” rating in a research report on Thursday, March 28th. Capital One Financial began coverage on shares of Summit Hotel Properties in a research report on Tuesday, June 25th. They set an “equal weight” rating and a $13.00 price objective on the stock. Finally, Bank of America restated an “underperform” rating and set a $44.00 target price (down previously from $46.00) on shares of Stericycle in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. Pebblebrook Hotel Trust has a consensus rating of “Hold” and a consensus target price of $35.33.

Shares of NYSE:PEB opened at $26.92 on Wednesday. The company’s 50 day moving average price is $28.04. The stock has a market capitalization of $3.49 billion, a PE ratio of 10.99, a P/E/G ratio of 2.06 and a beta of 1.34. Pebblebrook Hotel Trust has a 12 month low of $26.51 and a 12 month high of $39.88. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.68.

Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.06. The business had revenue of $267.20 million during the quarter, compared to analysts’ expectations of $358.66 million. Pebblebrook Hotel Trust had a negative net margin of 0.53% and a negative return on equity of 0.20%. The business’s quarterly revenue was up 47.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.67 EPS. On average, equities analysts anticipate that Pebblebrook Hotel Trust will post 2.66 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. First Trust Advisors LP raised its stake in shares of Pebblebrook Hotel Trust by 20.1% during the 4th quarter. First Trust Advisors LP now owns 68,071 shares of the real estate investment trust’s stock worth $1,927,000 after buying an additional 11,374 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Pebblebrook Hotel Trust by 119.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,574 shares of the real estate investment trust’s stock worth $72,000 after purchasing an additional 1,399 shares during the period. Raymond James & Associates grew its holdings in shares of Pebblebrook Hotel Trust by 9.5% during the 4th quarter. Raymond James & Associates now owns 54,355 shares of the real estate investment trust’s stock worth $1,539,000 after purchasing an additional 4,704 shares during the period. Advisor Group Inc. lifted its stake in Pebblebrook Hotel Trust by 45.3% during the 4th quarter. Advisor Group Inc. now owns 6,102 shares of the real estate investment trust’s stock worth $173,000 after acquiring an additional 1,903 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its stake in Pebblebrook Hotel Trust by 129.6% during the 4th quarter. Hsbc Holdings PLC now owns 20,051 shares of the real estate investment trust’s stock worth $568,000 after acquiring an additional 11,318 shares in the last quarter.

Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust is a publicly traded real estate investment trust (?REIT?) organized to opportunistically acquire and invest primarily in upper upscale, full-service hotels located in urban markets in major gateway cities. The Company owns 61 hotels, totaling approximately 14,600 guest rooms, located in 10 states and the District of Columbia, including: Del Mar, California; Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Santa Cruz, California; Washington, DC; Coral Gables, Florida; Key West, Florida; Naples, Florida; Buckhead, Georgia; Chicago, Illinois; Boston, Massachusetts; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.

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