Pebblebrook Hotel Trust (PEB) Given “Sell” Rating at Goldman Sachs Group

Goldman Sachs Group reaffirmed their sell rating on shares of Pebblebrook Hotel Trust (NYSE:PEB) in a research report sent to investors on Thursday morning, Marketbeat reports. They currently have a $26.00 price objective on the real estate investment trust’s stock.

Several other analysts have also recently issued reports on PEB. Zacks Investment Research raised shares of Pebblebrook Hotel Trust from a hold rating to a buy rating and set a $41.00 price target on the stock in a report on Thursday, September 27th. Robert W. Baird set a $38.00 price target on shares of Pebblebrook Hotel Trust and gave the company a hold rating in a report on Wednesday, October 10th. Bank of America reaffirmed a buy rating and issued a $36.00 price target on shares of Pebblebrook Hotel Trust in a report on Monday, October 29th. Finally, Stifel Nicolaus raised shares of Pebblebrook Hotel Trust from a hold rating to a buy rating and set a $38.00 price target on the stock in a report on Monday, November 12th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $36.88.

PEB traded down $0.21 during trading on Thursday, hitting $30.69. The company had a trading volume of 1,473,792 shares, compared to its average volume of 1,559,949. The stock has a market capitalization of $2.10 billion, a PE ratio of 11.94, a P/E/G ratio of 2.23 and a beta of 1.34. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.80 and a quick ratio of 0.80. Pebblebrook Hotel Trust has a 1-year low of $26.59 and a 1-year high of $41.65.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Thursday, November 29th will be given a dividend of $0.2478 per share. The ex-dividend date is Wednesday, November 28th. This represents a $0.99 annualized dividend and a dividend yield of 3.23%. Pebblebrook Hotel Trust’s dividend payout ratio is currently 20.62%.

In related news, Director Cydney Donnell acquired 1,400 shares of Pebblebrook Hotel Trust stock in a transaction that occurred on Friday, December 7th. The stock was acquired at an average price of $35.58 per share, with a total value of $49,812.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.20% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Cohen & Steers Inc. lifted its holdings in Pebblebrook Hotel Trust by 149.9% in the third quarter. Cohen & Steers Inc. now owns 10,378,746 shares of the real estate investment trust’s stock worth $377,475,000 after purchasing an additional 6,224,806 shares during the period. BlackRock Inc. lifted its holdings in Pebblebrook Hotel Trust by 2.4% in the third quarter. BlackRock Inc. now owns 6,927,721 shares of the real estate investment trust’s stock worth $251,960,000 after purchasing an additional 163,749 shares during the period. Daiwa Securities Group Inc. lifted its holdings in Pebblebrook Hotel Trust by 43.3% in the third quarter. Daiwa Securities Group Inc. now owns 4,735,817 shares of the real estate investment trust’s stock worth $172,242,000 after purchasing an additional 1,431,575 shares during the period. Earnest Partners LLC lifted its holdings in Pebblebrook Hotel Trust by 22.1% in the third quarter. Earnest Partners LLC now owns 2,187,778 shares of the real estate investment trust’s stock worth $79,569,000 after purchasing an additional 395,982 shares during the period. Finally, Jennison Associates LLC lifted its holdings in Pebblebrook Hotel Trust by 43.1% in the third quarter. Jennison Associates LLC now owns 1,712,779 shares of the real estate investment trust’s stock worth $62,294,000 after purchasing an additional 516,215 shares during the period.

About Pebblebrook Hotel Trust

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 64 hotels, totaling approximately 15,400 guest rooms, located in 11 states and the District of Columbia, in the following markets: 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; Minneapolis, Minnesota; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.

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Analyst Recommendations for Pebblebrook Hotel Trust (NYSE:PEB)

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