Pebblebrook Hotel Trust (NYSE:PEB) Price Target Cut to $13.00 by Analysts at Wells Fargo & Company

Pebblebrook Hotel Trust (NYSE:PEB) had its price objective lowered by equities researchers at Wells Fargo & Company from $16.00 to $13.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 6.17% from the company’s current price.

Several other equities research analysts have also commented on the stock. Truist Financial cut their price target on shares of Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. Wedbush cut Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 target price on the stock. in a research report on Thursday, January 2nd. Robert W. Baird decreased their target price on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. StockNews.com lowered Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Finally, Compass Point raised Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $14.17.

Pebblebrook Hotel Trust Stock Up 0.6 %

PEB traded up $0.08 on Tuesday, reaching $12.25. The company’s stock had a trading volume of 31,959 shares, compared to its average volume of 1,757,564. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78. Pebblebrook Hotel Trust has a fifty-two week low of $11.65 and a fifty-two week high of $16.65. The stock has a 50 day moving average of $13.50 and a two-hundred day moving average of $13.14. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of -42.24, a P/E/G ratio of 0.62 and a beta of 1.85.

Insider Activity

In other news, CEO Jon E. Bortz bought 13,000 shares of Pebblebrook Hotel Trust stock in a transaction dated Thursday, November 21st. The stock was bought 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 owns 1,395,284 shares of the company’s stock, valued at approximately $17,692,201.12. The trade was a 0.94 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

A number of hedge funds have recently added to or reduced their stakes in PEB. Voloridge Investment Management LLC raised its stake in shares of Pebblebrook Hotel Trust by 39.0% during the 4th quarter. Voloridge Investment Management LLC now owns 463,839 shares of the real estate investment trust’s stock worth $6,285,000 after buying an additional 130,191 shares in the last quarter. Squarepoint Ops LLC boosted its position in shares of Pebblebrook Hotel Trust by 190.7% during the 4th quarter. Squarepoint Ops LLC now owns 46,469 shares of the real estate investment trust’s stock worth $630,000 after purchasing an additional 30,484 shares in the last quarter. Wexford Capital LP acquired a new position in shares of Pebblebrook Hotel Trust during the 4th quarter worth $271,000. Twinbeech Capital LP purchased a new position in shares of Pebblebrook Hotel Trust in the 4th quarter valued at about $834,000. Finally, Two Sigma Investments LP lifted its stake in shares of Pebblebrook Hotel Trust by 109.8% in the fourth quarter. Two Sigma Investments LP now owns 470,767 shares of the real estate investment trust’s stock valued at $6,379,000 after purchasing an additional 246,430 shares during the period.

Pebblebrook Hotel Trust Company Profile

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.