Pebblebrook Hotel Trust (NYSE:PEB) Upgraded by StockNews.com to “Hold” Rating

Pebblebrook Hotel Trust (NYSE:PEB) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Tuesday.

Several other analysts have also recently issued reports on the stock. Wedbush cut shares of Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price target on the stock. in a report on Thursday, January 2nd. Robert W. Baird dropped their target price on shares of 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. Stifel Nicolaus raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and increased their price target for the stock from $14.75 to $15.00 in a research report on Friday, November 22nd. Wells Fargo & Company lowered their price objective on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. Finally, Compass Point raised Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $14.17.

Pebblebrook Hotel Trust Price Performance

PEB stock opened at $11.77 on Tuesday. The stock’s 50 day moving average is $13.11 and its two-hundred day moving average is $13.11. Pebblebrook Hotel Trust has a 52-week low of $11.47 and a 52-week high of $16.61. The company has a market capitalization of $1.41 billion, a PE ratio of -40.58, a P/E/G ratio of 0.60 and a beta of 1.85. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. GF Fund Management CO. LTD. acquired a new stake in shares of Pebblebrook Hotel Trust during the 4th quarter worth approximately $30,000. Voloridge Investment Management LLC increased its position in Pebblebrook Hotel Trust by 39.0% in the fourth 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 during the period. Squarepoint Ops LLC lifted its stake in Pebblebrook Hotel Trust by 190.7% in the fourth quarter. Squarepoint Ops LLC now owns 46,469 shares of the real estate investment trust’s stock valued at $630,000 after buying an additional 30,484 shares during the last quarter. Wexford Capital LP bought a new stake in Pebblebrook Hotel Trust in the fourth quarter valued at $271,000. Finally, Twinbeech Capital LP acquired a new position in shares of Pebblebrook Hotel Trust during the fourth quarter valued at $834,000.

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.