Pebblebrook Hotel Trust (NYSE:PEB) Trading Up 9.6%

Shares of Pebblebrook Hotel Trust (NYSE:PEB) were up 9.6% during trading on Wednesday . The stock traded as high as $10.11 and last traded at $10.89, approximately 273,570 shares were traded during mid-day trading. A decline of 94% from the average daily volume of 4,514,831 shares. The stock had previously closed at $9.94.

Several analysts have commented on PEB shares. Stifel Nicolaus cut shares of Pebblebrook Hotel Trust from a “buy” rating to a “hold” rating and lowered their target price for the stock from $20.00 to $9.50 in a research note on Monday, March 16th. Capital One Financial cut shares of Pebblebrook Hotel Trust from an “overweight” rating to an “equal weight” rating and set a $30.00 target price for the company. in a research note on Monday, January 13th. Raymond James cut shares of Pebblebrook Hotel Trust from an “outperform” rating to a “market perform” rating and set a $30.00 target price for the company. in a research note on Tuesday, January 7th. Barclays reaffirmed a “sell” rating and issued a $9.00 target price on shares of Pebblebrook Hotel Trust in a research note on Wednesday, March 18th. Finally, ValuEngine cut shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, March 3rd. Two analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $26.77.

The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.20 and a current ratio of 0.20. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 17.33, a price-to-earnings-growth ratio of 0.33 and a beta of 1.40. The company’s fifty day moving average is $18.59 and its two-hundred day moving average is $24.44.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.01 per share. The ex-dividend date is Monday, March 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.37%. Pebblebrook Hotel Trust’s payout ratio is 57.79%.

Large investors have recently bought and sold shares of the stock. Pacitti Group Inc. acquired a new position in shares of Pebblebrook Hotel Trust during the 4th quarter valued at $35,000. First Bank & Trust lifted its holdings in shares of Pebblebrook Hotel Trust by 314.9% during the 4th quarter. First Bank & Trust now owns 1,452 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 1,102 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Pebblebrook Hotel Trust by 520.4% during the 4th quarter. Quadrant Capital Group LLC now owns 1,582 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 1,327 shares in the last quarter. CSat Investment Advisory L.P. lifted its holdings in shares of Pebblebrook Hotel Trust by 890.6% during the 4th quarter. CSat Investment Advisory L.P. now owns 3,279 shares of the real estate investment trust’s stock valued at $88,000 after acquiring an additional 2,948 shares in the last quarter. Finally, Quantbot Technologies LP lifted its holdings in shares of Pebblebrook Hotel Trust by 707.4% during the 4th quarter. Quantbot Technologies LP now owns 5,143 shares of the real estate investment trust’s stock valued at $137,000 after acquiring an additional 4,506 shares in the last quarter.

About Pebblebrook Hotel Trust (NYSE:PEB)

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 61 hotels, totaling approximately 14,600 guest rooms, located in 10 states and the District of Columbia, including: 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; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.

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