Pebblebrook Hotel Trust (PEB) Receives $29.38 Consensus Target Price from Analysts, Report finds

Pebblebrook Hotel Trust (PEB) Receives $29.38 Consensus Target Price from Analysts, Report finds

Pebblebrook Hotel Trust (NYSE:PEB) has received an average recommendation of “Hold” from the twelve research firms that are presently covering the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $29.38.

PEB has been the topic of several research analyst reports. TheStreet downgraded Pebblebrook Hotel Trust from a “buy” rating to a “hold” rating in a report on Thursday, November 17th. Zacks Investment Research downgraded Pebblebrook Hotel Trust from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 20th. Barclays PLC set a $30.00 price objective on Pebblebrook Hotel Trust and gave the company a “buy” rating in a report on Wednesday, November 23rd. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $28.00 price objective (up previously from $26.00) on shares of Pebblebrook Hotel Trust in a report on Friday, December 23rd.

In other news, Chairman Jon E. Bortz sold 25,000 shares of the stock in a transaction dated Friday, December 9th. The stock was sold at an average price of $31.38, for a total value of $784,500.00. Following the transaction, the chairman now owns 658,729 shares in the company, valued at approximately $20,670,916.02. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Jon E. Bortz sold 43,424 shares of the stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $28.52, for a total value of $1,238,452.48. Following the completion of the transaction, the chairman now owns 683,729 shares in the company, valued at approximately $19,499,951.08. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PEB. Sei Investments Co. boosted its stake in shares of Pebblebrook Hotel Trust by 63.5% in the third quarter. Sei Investments Co. now owns 136,289 shares of the real estate investment trust’s stock worth $3,625,000 after buying an additional 52,922 shares during the period. BlackRock Inc. boosted its stake in shares of Pebblebrook Hotel Trust by 7.2% in the third quarter. BlackRock Inc. now owns 160,897 shares of the real estate investment trust’s stock worth $4,279,000 after buying an additional 10,824 shares during the period. Rhumbline Advisers boosted its stake in shares of Pebblebrook Hotel Trust by 4.2% in the third quarter. Rhumbline Advisers now owns 104,889 shares of the real estate investment trust’s stock worth $2,790,000 after buying an additional 4,260 shares during the period. Loudon Investment Management LLC boosted its stake in shares of Pebblebrook Hotel Trust by 43.5% in the second quarter. Loudon Investment Management LLC now owns 93,718 shares of the real estate investment trust’s stock worth $2,460,000 after buying an additional 28,395 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Pebblebrook Hotel Trust by 0.3% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,899 shares of the real estate investment trust’s stock worth $317,000 after buying an additional 39 shares during the period.

Shares of Pebblebrook Hotel Trust (NYSE:PEB) opened at 29.08 on Monday. Pebblebrook Hotel Trust has a one year low of $22.59 and a one year high of $31.85. The firm has a 50-day moving average price of $29.70 and a 200 day moving average price of $28.48. The firm has a market cap of $2.10 billion, a P/E ratio of 43.40 and a beta of 1.25.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 17th. Stockholders of record on Friday, December 30th were issued a $0.38 dividend. The ex-dividend date was Wednesday, December 28th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.23%. Pebblebrook Hotel Trust’s payout ratio is currently 226.87%.

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust is a hotel investment company. The Company operates as a real estate investment trust (REIT). The Company is organized to acquire and invest in hotel properties located primarily in cities of the United States. The Company has interests in approximately 40 hotels, including over 30 owned hotels with a total of approximately 7,410 guest rooms, and approximately 49% joint venture interest in over six hotels with a total of approximately 1,790 guest rooms.

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Pebblebrook Hotel Trust (PEB) Receives $29.38 Consensus Target Price from Analysts

Pebblebrook Hotel Trust (PEB) Receives $29.38 Consensus Target Price from Analysts

Pebblebrook Hotel Trust (NYSE:PEB) has received an average recommendation of “Hold” from the twelve research firms that are presently covering the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $29.38.

PEB has been the topic of several research analyst reports. TheStreet downgraded Pebblebrook Hotel Trust from a “buy” rating to a “hold” rating in a report on Thursday, November 17th. Zacks Investment Research downgraded Pebblebrook Hotel Trust from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 20th. Barclays PLC set a $30.00 price objective on Pebblebrook Hotel Trust and gave the company a “buy” rating in a report on Wednesday, November 23rd. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $28.00 price objective (up previously from $26.00) on shares of Pebblebrook Hotel Trust in a report on Friday, December 23rd.

In other news, Chairman Jon E. Bortz sold 25,000 shares of the stock in a transaction dated Friday, December 9th. The stock was sold at an average price of $31.38, for a total value of $784,500.00. Following the transaction, the chairman now owns 658,729 shares in the company, valued at approximately $20,670,916.02. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Jon E. Bortz sold 43,424 shares of the stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $28.52, for a total value of $1,238,452.48. Following the completion of the transaction, the chairman now owns 683,729 shares in the company, valued at approximately $19,499,951.08. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PEB. Sei Investments Co. boosted its stake in shares of Pebblebrook Hotel Trust by 63.5% in the third quarter. Sei Investments Co. now owns 136,289 shares of the real estate investment trust’s stock worth $3,625,000 after buying an additional 52,922 shares during the period. BlackRock Inc. boosted its stake in shares of Pebblebrook Hotel Trust by 7.2% in the third quarter. BlackRock Inc. now owns 160,897 shares of the real estate investment trust’s stock worth $4,279,000 after buying an additional 10,824 shares during the period. Rhumbline Advisers boosted its stake in shares of Pebblebrook Hotel Trust by 4.2% in the third quarter. Rhumbline Advisers now owns 104,889 shares of the real estate investment trust’s stock worth $2,790,000 after buying an additional 4,260 shares during the period. Loudon Investment Management LLC boosted its stake in shares of Pebblebrook Hotel Trust by 43.5% in the second quarter. Loudon Investment Management LLC now owns 93,718 shares of the real estate investment trust’s stock worth $2,460,000 after buying an additional 28,395 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Pebblebrook Hotel Trust by 0.3% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,899 shares of the real estate investment trust’s stock worth $317,000 after buying an additional 39 shares during the period.

Shares of Pebblebrook Hotel Trust (NYSE:PEB) opened at 29.08 on Monday. Pebblebrook Hotel Trust has a one year low of $22.59 and a one year high of $31.85. The firm has a 50-day moving average price of $29.70 and a 200 day moving average price of $28.48. The firm has a market cap of $2.10 billion, a P/E ratio of 43.40 and a beta of 1.25.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 17th. Stockholders of record on Friday, December 30th were issued a $0.38 dividend. The ex-dividend date was Wednesday, December 28th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.23%. Pebblebrook Hotel Trust’s payout ratio is currently 226.87%.

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust is a hotel investment company. The Company operates as a real estate investment trust (REIT). The Company is organized to acquire and invest in hotel properties located primarily in cities of the United States. The Company has interests in approximately 40 hotels, including over 30 owned hotels with a total of approximately 7,410 guest rooms, and approximately 49% joint venture interest in over six hotels with a total of approximately 1,790 guest rooms.

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Leave a Comment