Pebblebrook Hotel Trust (PEB) Receiving Somewhat Favorable Press Coverage, Report Finds

Media coverage about Pebblebrook Hotel Trust (NYSE:PEB) has been trending somewhat positive this week, according to Accern. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Pebblebrook Hotel Trust earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 45.6110882290456 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Shares of Pebblebrook Hotel Trust (PEB) traded up $0.21 during trading hours on Wednesday, hitting $37.71. The stock had a trading volume of 679,465 shares, compared to its average volume of 768,662. Pebblebrook Hotel Trust has a one year low of $26.21 and a one year high of $38.96. The firm has a market cap of $2,593.19, a price-to-earnings ratio of 14.14, a PEG 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 (NYSE:PEB) last announced its quarterly earnings data on Monday, October 23rd. The real estate investment trust reported $0.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.49. Pebblebrook Hotel Trust had a return on equity of 6.63% and a net margin of 12.98%. The company had revenue of $201.80 million for the quarter, compared to analyst estimates of $198.11 million. During the same quarter last year, the firm earned ($0.61) EPS. Pebblebrook Hotel Trust’s revenue for the quarter was down 3.4% compared to the same quarter last year. equities research analysts anticipate that Pebblebrook Hotel Trust will post 2.51 EPS for the current fiscal year.

A number of analysts have issued reports on PEB shares. BTIG Research raised 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. ValuEngine raised Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Janney Montgomery Scott raised Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $31.00 to $40.00 in a report on Wednesday, September 27th. Royal Bank of Canada reissued a “buy” rating and set a $35.00 price objective on shares of Pebblebrook Hotel Trust in a report on Wednesday, October 25th. Finally, Robert W. Baird set a $37.00 price objective on Pebblebrook Hotel Trust and gave the stock a “hold” rating in a report on Friday, December 1st. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $36.39.

COPYRIGHT VIOLATION NOTICE: This story was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright & trademark law. The original version of this story can be viewed at https://www.dispatchtribunal.com/2017/12/14/pebblebrook-hotel-trust-peb-receiving-somewhat-favorable-press-coverage-report-finds.html.

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.

Insider Buying and Selling by Quarter for Pebblebrook Hotel Trust (NYSE:PEB)

Receive News & Ratings for Pebblebrook Hotel Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pebblebrook Hotel Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply