Stifel Nicolaus Trims Pebblebrook Hotel Trust (NYSE:PEB) Target Price to $19.00

Pebblebrook Hotel Trust (NYSE:PEBGet Rating) had its price target decreased by equities research analysts at Stifel Nicolaus from $23.50 to $19.00 in a note issued to investors on Friday, The Fly reports. Stifel Nicolaus’ price objective points to a potential upside of 22.50% from the stock’s previous close.

Several other brokerages have also recently commented on PEB. Evercore ISI reissued an “underperform” rating and issued a $19.00 price target on shares of Pebblebrook Hotel Trust in a research note on Monday, July 11th. Wells Fargo & Company cut Pebblebrook Hotel Trust from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $26.00 to $20.00 in a research report on Monday, August 29th. Citigroup upped their target price on Pebblebrook Hotel Trust to $21.00 in a research report on Tuesday, August 9th. Finally, Barclays decreased their target price on Pebblebrook Hotel Trust from $26.00 to $22.00 and set an “equal weight” rating for the company in a research report on Thursday, July 7th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $22.78.

Pebblebrook Hotel Trust Trading Down 5.8 %

Shares of NYSE PEB opened at $15.51 on Friday. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of -10.48, a PEG ratio of 0.63 and a beta of 1.79. The business has a 50 day simple moving average of $18.54 and a 200 day simple moving average of $20.73. Pebblebrook Hotel Trust has a 52 week low of $15.40 and a 52 week high of $26.45. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.44 and a current ratio of 0.44.

Insider Transactions at Pebblebrook Hotel Trust

In other news, CEO Jon E. Bortz bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 29th. The stock was acquired at an average cost of $16.33 per share, for a total transaction of $163,300.00. Following the completion of the purchase, the chief executive officer now owns 990,830 shares of the company’s stock, valued at approximately $16,180,253.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Ron E. Jackson bought 5,900 shares of the business’s stock in a transaction that occurred on Thursday, June 30th. The stock was acquired at an average cost of $16.86 per share, for a total transaction of $99,474.00. Following the completion of the purchase, the director now owns 61,122 shares of the company’s stock, valued at approximately $1,030,516.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jon E. Bortz bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 29th. The stock was purchased at an average price of $16.33 per share, with a total value of $163,300.00. Following the completion of the purchase, the chief executive officer now directly owns 990,830 shares of the company’s stock, valued at approximately $16,180,253.90. The disclosure for this purchase can be found here. Corporate insiders own 1.90% of the company’s stock.

Institutional Trading of Pebblebrook Hotel Trust

A number of large investors have recently bought and sold shares of the stock. Federated Hermes Inc. grew its position in Pebblebrook Hotel Trust by 31.9% in the second quarter. Federated Hermes Inc. now owns 40,630 shares of the real estate investment trust’s stock valued at $673,000 after acquiring an additional 9,830 shares during the period. Captrust Financial Advisors bought a new stake in Pebblebrook Hotel Trust in the second quarter valued at $176,000. ExodusPoint Capital Management LP grew its position in Pebblebrook Hotel Trust by 234.6% in the second quarter. ExodusPoint Capital Management LP now owns 210,524 shares of the real estate investment trust’s stock valued at $3,488,000 after acquiring an additional 147,614 shares during the period. Neo Ivy Capital Management bought a new stake in Pebblebrook Hotel Trust in the second quarter valued at $50,000. Finally, Jane Street Group LLC grew its position in Pebblebrook Hotel Trust by 3.5% in the second quarter. Jane Street Group LLC now owns 38,154 shares of the real estate investment trust’s stock valued at $632,000 after acquiring an additional 1,305 shares during the period.

Pebblebrook Hotel Trust Company Profile

(Get Rating)

Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels in the United States. The Company owns 53 hotels, totaling approximately 13,200 guestrooms across 14 urban and resort markets, with a focus on the west coast gateway cities.

Recommended Stories

The Fly logo

Analyst Recommendations for Pebblebrook Hotel Trust (NYSE:PEB)

Receive News & Ratings for Pebblebrook Hotel Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pebblebrook Hotel Trust and related companies with MarketBeat.com's FREE daily email newsletter.