Pebblebrook Hotel Trust’s (PEB) Hold Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus reiterated their hold rating on shares of Pebblebrook Hotel Trust (NYSE:PEB) in a report published on Sunday. They currently have a $36.50 price objective on the real estate investment trust’s stock.

Other research analysts have also issued research reports about the stock. Boenning Scattergood reiterated a hold rating on shares of Pebblebrook Hotel Trust in a research note on Wednesday, October 25th. Robert W. Baird lowered shares of Pebblebrook Hotel Trust from an outperform rating to a neutral rating and set a $34.00 price objective on the stock. in a research note on Monday, October 2nd. Janney Montgomery Scott upgraded shares of Pebblebrook Hotel Trust from a neutral rating to a buy rating and upped their price objective for the company from $31.00 to $40.00 in a research note on Wednesday, September 27th. BTIG Research upgraded shares of Pebblebrook Hotel Trust from a neutral rating to a buy rating and set a $40.00 price objective on the stock in a research note on Friday, September 22nd. Finally, Royal Bank Of Canada reiterated a buy rating and issued a $35.00 price objective on shares of Pebblebrook Hotel Trust in a research note on Wednesday, October 25th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $36.39.

Pebblebrook Hotel Trust (NYSE PEB) traded down $0.73 during mid-day trading on Friday, hitting $37.74. 506,100 shares of the stock were exchanged, compared to its average volume of 776,652. The firm has a market capitalization of $2,602.16, a price-to-earnings ratio of 14.19, a P/E/G ratio of 1.58 and a beta of 1.22. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.31 and a quick ratio of 0.31. Pebblebrook Hotel Trust has a twelve month low of $26.21 and a twelve month high of $38.66.

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

Hedge funds have recently bought and sold shares of the business. First Mercantile Trust Co. grew its position in Pebblebrook Hotel Trust by 1.7% in the second quarter. First Mercantile Trust Co. now owns 3,680 shares of the real estate investment trust’s stock worth $119,000 after acquiring an additional 60 shares in the last quarter. SG Americas Securities LLC grew its position in Pebblebrook Hotel Trust by 6.0% in the second quarter. SG Americas Securities LLC now owns 4,401 shares of the real estate investment trust’s stock worth $142,000 after acquiring an additional 249 shares in the last quarter. GAM Holding AG grew its position in Pebblebrook Hotel Trust by 2.3% in the second quarter. GAM Holding AG now owns 5,892 shares of the real estate investment trust’s stock worth $190,000 after acquiring an additional 134 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Pebblebrook Hotel Trust by 8.6% in the second quarter. Nisa Investment Advisors LLC now owns 6,410 shares of the real estate investment trust’s stock worth $200,000 after acquiring an additional 510 shares in the last quarter. Finally, BB&T Corp bought a new stake in Pebblebrook Hotel Trust in the third quarter worth approximately $203,000.

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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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