Brokerages Set Pebblebrook Hotel Trust (PEB) Target Price at $36.19

Shares of Pebblebrook Hotel Trust (NYSE:PEB) have been given a consensus rating of “Hold” by the fourteen ratings firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $36.19.

PEB has been the topic of several research analyst reports. Royal Bank of Canada restated a “buy” rating and issued a $35.00 price objective on shares of Pebblebrook Hotel Trust in a report on Wednesday, October 25th. Barclays restated a “buy” rating and issued a $39.00 price objective on shares of Pebblebrook Hotel Trust in a report on Friday, December 15th. Stifel Nicolaus restated a “hold” rating and issued a $36.50 price objective on shares of Pebblebrook Hotel Trust in a report on Sunday, December 3rd. Robert W. Baird set a $37.00 price objective on shares of Pebblebrook Hotel Trust and gave the company a “hold” rating in a report on Friday, December 1st. Finally, Zacks Investment Research lowered shares of Pebblebrook Hotel Trust from a “buy” rating to a “hold” rating in a report on Friday, October 27th.

Large investors have recently modified their holdings of the business. Chartwell Investment Partners LLC purchased a new stake in Pebblebrook Hotel Trust during the third quarter worth about $13,645,000. Ameriprise Financial Inc. increased its stake in Pebblebrook Hotel Trust by 18.6% during the third quarter. Ameriprise Financial Inc. now owns 534,907 shares of the real estate investment trust’s stock worth $19,336,000 after purchasing an additional 83,952 shares during the period. Susquehanna International Group LLP increased its stake in Pebblebrook Hotel Trust by 138.6% during the second quarter. Susquehanna International Group LLP now owns 215,464 shares of the real estate investment trust’s stock worth $6,946,000 after purchasing an additional 125,153 shares during the period. Northern Trust Corp increased its stake in shares of Pebblebrook Hotel Trust by 1.1% during the second quarter. Northern Trust Corp now owns 1,576,019 shares of the real estate investment trust’s stock worth $50,811,000 after buying an additional 17,759 shares during the period. Finally, State Street Corp increased its stake in shares of Pebblebrook Hotel Trust by 0.8% during the second quarter. State Street Corp now owns 2,386,186 shares of the real estate investment trust’s stock worth $76,928,000 after buying an additional 19,242 shares during the period.

Shares of Pebblebrook Hotel Trust (NYSE:PEB) traded up $0.48 on Friday, reaching $36.41. 961,013 shares of the company traded hands, compared to its average volume of 562,172. The stock has a market cap of $2,592.50, a price-to-earnings ratio of 28.22, a P/E/G ratio of 1.52 and a beta of 1.20. Pebblebrook Hotel Trust has a 12-month low of $26.21 and a 12-month high of $39.74. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.31 and a current ratio of 0.31.

The firm also recently declared a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were paid a dividend of $0.38 per share. The ex-dividend date was Thursday, December 28th. This represents a $1.52 dividend on an annualized basis and a yield of 4.17%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently 117.83%.

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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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