Pebblebrook Hotel Trust (PEB) Rating Reiterated by Barclays

Pebblebrook Hotel Trust (NYSE:PEB)‘s stock had its “buy” rating reaffirmed by stock analysts at Barclays in a research note issued on Friday. They presently have a $39.00 price target on the real estate investment trust’s stock. Barclays’ price objective indicates a potential upside of 1.83% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Boenning Scattergood reiterated a “hold” rating on shares of Pebblebrook Hotel Trust in a report on Wednesday, October 25th. Robert W. Baird downgraded shares of Pebblebrook Hotel Trust from an “outperform” rating to a “neutral” rating and set a $34.00 price target on the stock. in a report on Monday, October 2nd. Janney Montgomery Scott upgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $31.00 to $40.00 in a report on Wednesday, September 27th. Royal Bank of Canada restated a “buy” rating and issued a $35.00 target price on shares of Pebblebrook Hotel Trust in a report on Wednesday, October 25th. Finally, BTIG Research upgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Friday, September 22nd. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. Pebblebrook Hotel Trust currently has a consensus rating of “Hold” and an average price target of $36.61.

Shares of Pebblebrook Hotel Trust (NYSE:PEB) opened at $38.30 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.56. The stock has a market cap of $2,640.10, a price-to-earnings ratio of 14.39, a price-to-earnings-growth ratio of 1.60 and a beta of 1.22. Pebblebrook Hotel Trust has a fifty-two week low of $26.21 and a fifty-two week high of $38.96.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its quarterly earnings results on Monday, October 23rd. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.49. The company had revenue of $201.80 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.61) EPS. equities research analysts predict that Pebblebrook Hotel Trust will post 2.51 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of the company. Kemper Corp Master Retirement Trust increased its holdings in shares of Pebblebrook Hotel Trust by 0.4% in the 2nd quarter. Kemper Corp Master Retirement Trust now owns 6,700 shares of the real estate investment trust’s stock worth $216,000 after buying an additional 25 shares during the last quarter. First Mercantile Trust Co. grew its holdings in Pebblebrook Hotel Trust by 1.7% during the 2nd quarter. First Mercantile Trust Co. now owns 3,680 shares of the real estate investment trust’s stock valued at $119,000 after purchasing an additional 60 shares during the last quarter. Federated Investors Inc. PA grew its holdings in Pebblebrook Hotel Trust by 0.9% during the 2nd quarter. Federated Investors Inc. PA now owns 10,114 shares of the real estate investment trust’s stock valued at $326,000 after purchasing an additional 87 shares during the last quarter. GAM Holding AG grew its holdings in Pebblebrook Hotel Trust by 2.3% during the 2nd quarter. GAM Holding AG now owns 5,892 shares of the real estate investment trust’s stock valued at $190,000 after purchasing an additional 134 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in Pebblebrook Hotel Trust by 6.0% during the 2nd quarter. SG Americas Securities LLC now owns 4,401 shares of the real estate investment trust’s stock valued at $142,000 after purchasing an additional 249 shares during the last quarter.

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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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