Wells Fargo & Company Issues Pessimistic Forecast for Pebblebrook Hotel Trust (NYSE:PEB) Stock Price

Pebblebrook Hotel Trust (NYSE:PEB) had its price target decreased by research analysts at Wells Fargo & Company from $16.00 to $13.00 in a note issued to investors 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 points to a potential upside of 3.70% from the stock’s current price.

Several other equities analysts have also issued reports on PEB. Stifel Nicolaus upgraded Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and boosted their price objective for the company from $14.75 to $15.00 in a research report on Friday, November 22nd. StockNews.com lowered Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Wedbush lowered Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price objective for the company. in a research report on Thursday, January 2nd. 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 report on Thursday, October 31st. Finally, Truist Financial decreased their price objective on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Pebblebrook Hotel Trust presently has an average rating of “Hold” and an average target price of $14.17.

Pebblebrook Hotel Trust Price Performance

Shares of PEB opened at $12.54 on Tuesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a 50 day simple moving average of $13.35 and a 200 day simple moving average of $13.13. Pebblebrook Hotel Trust has a 52-week low of $11.65 and a 52-week high of $16.65. The firm has a market capitalization of $1.50 billion, a PE ratio of -43.23, a P/E/G ratio of 0.58 and a beta of 1.85.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

A number of large investors have recently bought and sold shares of PEB. Centersquare Investment Management LLC boosted its holdings in shares of Pebblebrook Hotel Trust by 2,448.9% in the 4th quarter. Centersquare Investment Management LLC now owns 1,879,327 shares of the real estate investment trust’s stock valued at $25,465,000 after buying an additional 1,805,597 shares during the last quarter. Alyeska Investment Group L.P. boosted its holdings in shares of Pebblebrook Hotel Trust by 43.3% in the 4th quarter. Alyeska Investment Group L.P. now owns 4,167,770 shares of the real estate investment trust’s stock valued at $56,473,000 after buying an additional 1,260,077 shares during the last quarter. Nuveen Asset Management LLC boosted its holdings in shares of Pebblebrook Hotel Trust by 82.3% in the 4th quarter. Nuveen Asset Management LLC now owns 2,345,333 shares of the real estate investment trust’s stock valued at $31,779,000 after buying an additional 1,058,664 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC acquired a new stake in shares of Pebblebrook Hotel Trust in the 4th quarter valued at approximately $13,788,000. Finally, Landmark Investment Partners L.P. acquired a new stake in shares of Pebblebrook Hotel Trust in the 4th quarter valued at approximately $13,075,000.

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.