Pebblebrook Hotel Trust (PEB) Receives Sell Rating from Goldman Sachs Group

Goldman Sachs Group reissued their sell rating on shares of Pebblebrook Hotel Trust (NYSE:PEB) in a research note issued to investors on Thursday, Marketbeat reports. They currently have a $26.00 price target on the real estate investment trust’s stock.

PEB has been the topic of a number of other research reports. Robert W. Baird set a $38.00 target price on Pebblebrook Hotel Trust and gave the company a hold rating in a research report on Wednesday, October 10th. Zacks Investment Research raised Pebblebrook Hotel Trust from a sell rating to a hold rating in a research report on Saturday, November 3rd. Barclays reissued a buy rating and issued a $38.00 target price on shares of Pebblebrook Hotel Trust in a research report on Sunday, December 23rd. ValuEngine lowered Pebblebrook Hotel Trust from a hold rating to a sell rating in a research report on Wednesday, January 2nd. Finally, Raymond James cut their target price on Pebblebrook Hotel Trust from $40.00 to $38.00 and set an outperform rating on the stock in a research report on Friday, December 21st. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $36.88.

Shares of NYSE PEB opened at $30.69 on Thursday. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 2.23 and a beta of 1.34. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.80 and a current ratio of 0.80. Pebblebrook Hotel Trust has a 52-week low of $26.59 and a 52-week high of $41.65.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Thursday, November 29th will be given a dividend of $0.2478 per share. This represents a $0.99 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend is Wednesday, November 28th. Pebblebrook Hotel Trust’s dividend payout ratio is currently 20.62%.

In related news, Director Cydney Donnell acquired 1,400 shares of the business’s stock in a transaction dated Friday, December 7th. The shares were acquired at an average price of $35.58 per share, with a total value of $49,812.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of PEB. BlackRock Inc. increased its position in shares of Pebblebrook Hotel Trust by 5.1% during the second quarter. BlackRock Inc. now owns 6,763,972 shares of the real estate investment trust’s stock worth $262,442,000 after acquiring an additional 330,655 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Pebblebrook Hotel Trust by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,145,349 shares of the real estate investment trust’s stock worth $44,439,000 after purchasing an additional 11,434 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Pebblebrook Hotel Trust by 88.0% during the second quarter. Renaissance Technologies LLC now owns 236,300 shares of the real estate investment trust’s stock worth $9,168,000 after purchasing an additional 110,600 shares in the last quarter. Raymond James & Associates grew its stake in shares of Pebblebrook Hotel Trust by 6.3% during the second quarter. Raymond James & Associates now owns 96,294 shares of the real estate investment trust’s stock worth $3,736,000 after purchasing an additional 5,702 shares in the last quarter. Finally, First Republic Investment Management Inc. acquired a new position in shares of Pebblebrook Hotel Trust during the second quarter worth $814,000.

Pebblebrook Hotel Trust Company Profile

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 64 hotels, totaling approximately 15,400 guest rooms, located in 11 states and the District of Columbia, in the following markets: Del Mar, California; Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Santa Cruz, California; Washington, DC; Coral Gables, Florida; Key West, Florida; Naples, Florida; Buckhead, Georgia; Chicago, Illinois; Boston, Massachusetts; Minneapolis, Minnesota; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.

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Analyst Recommendations for Pebblebrook Hotel Trust (NYSE:PEB)

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