Pebblebrook Hotel Trust (NYSE:PEB) was downgraded by research analysts at TheStreet from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Wednesday, September 28th. Evercore ISI cut shares of Pebblebrook Hotel Trust from a “buy” rating to a “hold” rating and upped their price objective for the stock from $27.00 to $30.00 in a report on Wednesday, July 20th. BTIG Research began coverage on shares of Pebblebrook Hotel Trust in a report on Thursday, August 25th. They issued a “neutral” rating for the company. Wells Fargo & Co. cut shares of Pebblebrook Hotel Trust from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 26th. Finally, Credit Suisse Group AG cut shares of Pebblebrook Hotel Trust from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $30.00 to $29.00 in a report on Thursday, July 21st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $30.67.

Analyst Recommendations for Pebblebrook Hotel Trust (NYSE:PEB)

Shares of Pebblebrook Hotel Trust (NYSE:PEB) opened at 26.99 on Thursday. Pebblebrook Hotel Trust has a 12 month low of $20.51 and a 12 month high of $34.03. The stock’s 50 day moving average price is $26.02 and its 200-day moving average price is $27.28. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 40.28 and a beta of 1.25.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings results on Friday, October 28th. The real estate investment trust reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.06. Pebblebrook Hotel Trust had a net margin of 9.65% and a return on equity of 4.67%. The business had revenue of $208.90 million for the quarter, compared to the consensus estimate of $215.05 million. During the same period in the prior year, the business posted $0.83 earnings per share. Pebblebrook Hotel Trust’s revenue for the quarter was down 3.4% compared to the same quarter last year. Equities analysts forecast that Pebblebrook Hotel Trust will post $2.73 earnings per share for the current fiscal year.

In other news, Director Ron E. Jackson sold 4,000 shares of the company’s stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $23.98, for a total transaction of $95,920.00. Following the completion of the transaction, the director now owns 28,297 shares of the company’s stock, valued at $678,562.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Jon E. Bortz sold 43,424 shares of the company’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $28.52, for a total transaction of $1,238,452.48. Following the transaction, the chairman now directly owns 683,729 shares of the company’s stock, valued at approximately $19,499,951.08. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in PEB. Price T Rowe Associates Inc. MD raised its position in shares of Pebblebrook Hotel Trust by 2.7% in the third quarter. Price T Rowe Associates Inc. MD now owns 3,810,815 shares of the real estate investment trust’s stock worth $101,368,000 after buying an additional 99,590 shares in the last quarter. Credit Suisse AG raised its position in shares of Pebblebrook Hotel Trust by 10.4% in the third quarter. Credit Suisse AG now owns 272,353 shares of the real estate investment trust’s stock worth $7,245,000 after buying an additional 25,590 shares in the last quarter. Dean Investment Associates LLC raised its position in shares of Pebblebrook Hotel Trust by 6.4% in the third quarter. Dean Investment Associates LLC now owns 25,305 shares of the real estate investment trust’s stock worth $673,000 after buying an additional 1,533 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Pebblebrook Hotel Trust during the third quarter worth approximately $1,288,000. Finally, Two Sigma Advisers LP bought a new position in shares of Pebblebrook Hotel Trust during the third quarter worth approximately $641,000.

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.

5 Day Chart for NYSE:PEB

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