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

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

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

The business’s 50 day moving average price is $18.59 and its two-hundred day moving average price is $24.44. The company has a market capitalization 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 has a debt-to-equity ratio of 0.61, a quick ratio of 0.20 and a current ratio of 0.20.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date of this dividend is Monday, March 30th. Pebblebrook Hotel Trust’s dividend payout ratio is currently 57.79%.

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