Pebblebrook Hotel Trust (NYSE:PEB) Cut to Sell at StockNews.com

Pebblebrook Hotel Trust (NYSE:PEB) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

A number of other equities analysts have also recently issued reports on the company. Wedbush cut Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 target price for the company. in a report on Thursday, January 2nd. Stifel Nicolaus raised Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and upped their target price for the stock from $14.75 to $15.00 in a report on Friday, November 22nd. Compass Point raised Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 target price for the company in a report on Thursday, November 21st. Wells Fargo & Company reduced their price target on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Finally, Raymond James set a $14.00 price target on Pebblebrook Hotel Trust and gave the company an “outperform” rating in a research report on Thursday, February 27th. Two investment 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.14.

Pebblebrook Hotel Trust Price Performance

Shares of PEB opened at $11.69 on Wednesday. Pebblebrook Hotel Trust has a 12-month low of $11.47 and a 12-month high of $16.61. The business has a 50-day simple moving average of $12.91 and a two-hundred day simple moving average of $13.09. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78. The stock has a market cap of $1.40 billion, a PE ratio of -40.29, a PEG ratio of 0.60 and a beta of 1.85.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Several institutional investors and hedge funds have recently made changes to their positions in PEB. Centersquare Investment Management LLC boosted its position in shares of Pebblebrook Hotel Trust by 2,448.9% during 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 purchasing an additional 1,805,597 shares in the last quarter. Alyeska Investment Group L.P. boosted its holdings in Pebblebrook Hotel Trust by 43.3% in the fourth quarter. Alyeska Investment Group L.P. now owns 4,167,770 shares of the real estate investment trust’s stock worth $56,473,000 after acquiring an additional 1,260,077 shares in the last quarter. Nuveen Asset Management LLC raised its stake in shares of Pebblebrook Hotel Trust by 82.3% in the fourth quarter. Nuveen Asset Management LLC now owns 2,345,333 shares of the real estate investment trust’s stock worth $31,779,000 after purchasing an additional 1,058,664 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC purchased a new stake in shares of Pebblebrook Hotel Trust in the fourth quarter worth approximately $13,788,000. Finally, Landmark Investment Partners L.P. purchased a new stake in shares of Pebblebrook Hotel Trust in the fourth quarter worth 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.