Pebblebrook Hotel Trust (NYSE:PEB) Stock Price Up 5.1% – Should You Buy?

Pebblebrook Hotel Trust (NYSE:PEB) shares shot up 5.1% during mid-day trading on Tuesday . The stock traded as high as $14.82 and last traded at $14.62. 516,606 shares traded hands during trading, a decline of 69% from the average session volume of 1,673,166 shares. The stock had previously closed at $13.91.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Pebblebrook Hotel Trust from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 26th. Truist Financial dropped their price target on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating for the company in a research note on Monday, October 28th. StockNews.com cut Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus upgraded Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and upped their price target for the stock from $14.75 to $15.00 in a report on Friday, November 22nd. Finally, Robert W. Baird decreased their price objective on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $14.58.

Pebblebrook Hotel Trust Stock Up 5.1 %

The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. The stock has a fifty day simple moving average of $12.87 and a 200-day simple moving average of $13.23.

Pebblebrook Hotel Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.27%. Pebblebrook Hotel Trust’s payout ratio is currently -13.79%.

Insider Activity

In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz purchased 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was purchased at an average price of $12.68 per share, for a total transaction of $164,840.00. Following the purchase, the chief executive officer now directly owns 1,395,284 shares in the company, valued at approximately $17,692,201.12. This trade represents a 0.94 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jon E. Bortz sold 11,000 shares of Pebblebrook Hotel Trust stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $21.37, for a total transaction of $235,070.00. Following the completion of the transaction, the chief executive officer now owns 1,349,284 shares in the company, valued at approximately $28,834,199.08. This represents a 0.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.

Institutional Trading of Pebblebrook Hotel Trust

A number of hedge funds have recently added to or reduced their stakes in PEB. D. E. Shaw & Co. Inc. raised its stake in shares of Pebblebrook Hotel Trust by 38.1% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,963,388 shares of the real estate investment trust’s stock worth $26,997,000 after purchasing an additional 541,573 shares during the last quarter. Earnest Partners LLC lifted its stake in shares of Pebblebrook Hotel Trust by 1.0% in the 2nd quarter. Earnest Partners LLC now owns 5,036,155 shares of the real estate investment trust’s stock worth $69,247,000 after acquiring an additional 51,677 shares during the period. Blue Trust Inc. boosted its holdings in shares of Pebblebrook Hotel Trust by 707.8% in the second quarter. Blue Trust Inc. now owns 11,116 shares of the real estate investment trust’s stock valued at $153,000 after acquiring an additional 9,740 shares in the last quarter. GSA Capital Partners LLP increased its stake in shares of Pebblebrook Hotel Trust by 47.4% during the third quarter. GSA Capital Partners LLP now owns 223,654 shares of the real estate investment trust’s stock worth $2,959,000 after acquiring an additional 71,920 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of Pebblebrook Hotel Trust by 166.1% during the second quarter. Victory Capital Management Inc. now owns 80,444 shares of the real estate investment trust’s stock worth $1,106,000 after acquiring an additional 50,210 shares during the period.

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels and resorts in the United States. The Company owns 47 hotels and resorts, totaling approximately 12,200 guest rooms across 13 urban and resort markets.