Pebblebrook Hotel Trust (PEB) – Analysts’ Weekly Ratings Updates

Pebblebrook Hotel Trust (NYSE: PEB) has recently received a number of price target changes and ratings updates:

  • 11/28/2018 – Pebblebrook Hotel Trust was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 11/22/2018 – Pebblebrook Hotel Trust was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 11/14/2018 – Pebblebrook Hotel Trust was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 11/12/2018 – Pebblebrook Hotel Trust was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating. They now have a $38.00 price target on the stock.
  • 11/3/2018 – Pebblebrook Hotel Trust was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 10/29/2018 – Pebblebrook Hotel Trust had its “buy” rating reaffirmed by analysts at Bank of America Corp. They now have a $36.00 price target on the stock.
  • 10/12/2018 – Pebblebrook Hotel Trust was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 10/10/2018 – Pebblebrook Hotel Trust was given a new $38.00 price target on by analysts at Robert W. Baird. They now have a “hold” rating on the stock.

Shares of PEB opened at $34.92 on Monday. Pebblebrook Hotel Trust has a twelve month low of $31.05 and a twelve month high of $41.65. The firm has a market capitalization of $2.41 billion, a PE ratio of 13.59, a PEG ratio of 2.66 and a beta of 1.19. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.61.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Thursday, November 29th will be paid a $0.2478 dividend. This represents a $0.99 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Wednesday, November 28th. Pebblebrook Hotel Trust’s dividend payout ratio is currently 38.52%.

Several institutional investors and hedge funds have recently made changes to their positions in PEB. Assetmark Inc. raised its stake in shares of Pebblebrook Hotel Trust by 278.2% in the second quarter. Assetmark Inc. now owns 4,168 shares of the real estate investment trust’s stock valued at $162,000 after acquiring an additional 3,066 shares during the period. Integrated Investment Consultants LLC purchased a new stake in shares of Pebblebrook Hotel Trust in the second quarter valued at $203,000. BB&T Corp bought a new position in shares of Pebblebrook Hotel Trust in the second quarter worth about $222,000. Stephens Inc. AR bought a new position in shares of Pebblebrook Hotel Trust in the second quarter worth about $222,000. Finally, Solstein Capital LLC bought a new position in shares of Pebblebrook Hotel Trust in the second quarter worth about $264,000.

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 28 hotels, with a total of 6,973 guest rooms. The Company owns hotels located in 9 states and the District of Columbia, including: Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Washington, DC; Coral Gables, Florida; Naples, Florida; Buckhead, Georgia; Boston, Massachusetts; Minneapolis, Minnesota; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.

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