Pebblebrook Hotel Trust (PEB) Receives Hold Rating from Stifel Nicolaus

Pebblebrook Hotel Trust (NYSE:PEB)‘s stock had its “hold” rating reiterated by research analysts at Stifel Nicolaus in a research note issued on Sunday. They currently have a $36.50 price objective on the real estate investment trust’s stock. Stifel Nicolaus’ price target points to a potential downside of 3.29% from the company’s current price.

PEB has been the subject of several other reports. ValuEngine raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “strong-buy” rating and set a $41.00 price objective for the company in a report on Wednesday, September 27th. Barclays raised their price objective on shares of Pebblebrook Hotel Trust from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Wednesday, October 25th. Robert W. Baird set a $37.00 price objective on shares of Pebblebrook Hotel Trust and gave the stock a “hold” rating in a report on Friday. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Pebblebrook Hotel Trust in a report on Wednesday, October 25th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $36.39.

Shares of Pebblebrook Hotel Trust (NYSE PEB) traded down $0.73 during mid-day trading on Friday, hitting $37.74. 506,160 shares of the stock traded hands, compared to its average volume of 689,541. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.31 and a current ratio of 0.31. Pebblebrook Hotel Trust has a 12 month low of $26.21 and a 12 month high of $38.66. The stock has a market cap of $2,600.00, a price-to-earnings ratio of 14.19, a P/E/G ratio of 1.58 and a beta of 1.22.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings results on Monday, October 23rd. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.49. The company had revenue of $201.80 million during the quarter, compared to analyst estimates of $198.11 million. Pebblebrook Hotel Trust had a net margin of 12.98% and a return on equity of 6.63%. Pebblebrook Hotel Trust’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.61) EPS. equities research analysts anticipate that Pebblebrook Hotel Trust will post 2.51 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the business. Principal Financial Group Inc. boosted its holdings in Pebblebrook Hotel Trust by 156.1% in the 2nd quarter. Principal Financial Group Inc. now owns 2,516,668 shares of the real estate investment trust’s stock valued at $81,137,000 after purchasing an additional 1,533,874 shares during the period. Susquehanna International Group LLP boosted its holdings in Pebblebrook Hotel Trust by 138.6% in the 2nd quarter. Susquehanna International Group LLP now owns 215,464 shares of the real estate investment trust’s stock valued at $6,946,000 after purchasing an additional 125,153 shares during the period. Aperio Group LLC boosted its holdings in Pebblebrook Hotel Trust by 12.7% in the 2nd quarter. Aperio Group LLC now owns 11,406 shares of the real estate investment trust’s stock valued at $368,000 after purchasing an additional 1,283 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Pebblebrook Hotel Trust by 8.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 6,410 shares of the real estate investment trust’s stock valued at $200,000 after purchasing an additional 510 shares during the period. Finally, Northern Trust Corp boosted its holdings in Pebblebrook Hotel Trust by 1.1% in the 2nd quarter. Northern Trust Corp now owns 1,576,019 shares of the real estate investment trust’s stock valued at $50,811,000 after purchasing an additional 17,759 shares during the period.

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About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust is an internally managed hotel investment company. The Company is a real estate investment trust (REIT) that acquires and invests in hotel properties located primarily in cities of the United States. As of December 31, 2016, the Company owned 29 hotels with a total of 7,219 guest rooms.

Analyst Recommendations for Pebblebrook Hotel Trust (NYSE:PEB)

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