ValuEngine upgraded shares of Pebblebrook Hotel Trust (NYSE:PEB) from a sell rating to a hold rating in a report published on Monday, February 4th.
A number of other analysts also recently weighed in on PEB. Robert W. Baird set a $38.00 price target on shares of Pebblebrook Hotel Trust and gave the stock a hold rating in a report on Wednesday, October 10th. Zacks Investment Research downgraded shares of Pebblebrook Hotel Trust from a buy rating to a hold rating in a research note on Friday, October 12th. Bank of America reissued a buy rating and issued a $36.00 price objective on shares of Pebblebrook Hotel Trust in a research note on Monday, October 29th. Stifel Nicolaus upgraded shares of Pebblebrook Hotel Trust from a hold rating to a buy rating and set a $38.00 price target for the company in a research report on Monday, November 12th. Finally, Raymond James decreased their price target on shares of Pebblebrook Hotel Trust from $40.00 to $38.00 and set an outperform rating for the company in a research report on Friday, December 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. Pebblebrook Hotel Trust presently has a consensus rating of Hold and a consensus price target of $36.88.
PEB stock traded up $0.01 during midday trading on Monday, hitting $32.02. The company’s stock had a trading volume of 1,914,544 shares, compared to its average volume of 875,429. The firm has a market capitalization of $2.35 billion, a P/E ratio of 12.59, a PEG ratio of 2.58 and a beta of 1.39. Pebblebrook Hotel Trust has a twelve month low of $26.59 and a twelve month high of $41.65. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.61.
Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings data on Monday, February 25th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.23. Pebblebrook Hotel Trust had a net margin of 16.08% and a return on equity of 8.18%. The company had revenue of $235.64 million for the quarter, compared to analyst estimates of $207.53 million. During the same period in the previous year, the business earned $0.11 EPS. Pebblebrook Hotel Trust’s revenue for the quarter was up 31.2% compared to the same quarter last year. As a group, equities research analysts forecast that Pebblebrook Hotel Trust will post 2.64 EPS for the current fiscal year.
In other Pebblebrook Hotel Trust news, Director Cydney Donnell bought 1,400 shares of Pebblebrook Hotel Trust stock in a transaction dated Friday, December 7th. The stock was purchased at an average price of $35.58 per share, for a total transaction of $49,812.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.20% of the company’s stock.
A number of large investors have recently modified their holdings of PEB. Rehmann Capital Advisory Group bought a new stake in Pebblebrook Hotel Trust during the fourth quarter valued at approximately $25,000. San Francisco Sentry Investment Group CA bought a new stake in shares of Pebblebrook Hotel Trust in the 4th quarter worth approximately $36,000. LSV Asset Management purchased a new position in shares of Pebblebrook Hotel Trust in the fourth quarter worth $57,000. Enlightenment Research LLC purchased a new position in shares of Pebblebrook Hotel Trust in the fourth quarter worth $59,000. Finally, PNC Financial Services Group Inc. increased its position in Pebblebrook Hotel Trust by 119.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,574 shares of the real estate investment trust’s stock valued at $72,000 after purchasing an additional 1,399 shares during the period.
Pebblebrook Hotel Trust Company Profile
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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