Pebblebrook Hotel (NYSE:PEB) was upgraded by investment analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a note issued to investors on Thursday, March 15th.
PEB has been the subject of several other reports. Robert W. Baird set a $37.00 price objective on shares of Pebblebrook Hotel and gave the stock a “hold” rating in a research note on Friday, December 1st. Stifel Nicolaus reiterated a “hold” rating and set a $36.50 target price on shares of Pebblebrook Hotel in a research report on Sunday, December 3rd. Barclays reiterated a “buy” rating and set a $39.00 target price on shares of Pebblebrook Hotel in a research report on Friday, December 15th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Pebblebrook Hotel in a research report on Monday, February 26th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. Pebblebrook Hotel has an average rating of “Hold” and an average target price of $36.61.
PEB traded down $0.28 during trading on Thursday, reaching $33.81. 529,492 shares of the company traded hands, compared to its average volume of 730,729. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.32 and a quick ratio of 0.32. Pebblebrook Hotel has a 12-month low of $28.62 and a 12-month high of $39.74. The firm has a market cap of $2,351.93, a P/E ratio of 13.21, a price-to-earnings-growth ratio of 2.67 and a beta of 1.22.
Pebblebrook Hotel (NYSE:PEB) last posted its quarterly earnings data on Thursday, February 22nd. The real estate investment trust reported $0.11 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.32). The firm had revenue of $179.63 million for the quarter, compared to analysts’ expectations of $178.07 million. Pebblebrook Hotel had a return on equity of 6.32% and a net margin of 12.46%. sell-side analysts anticipate that Pebblebrook Hotel will post 2.55 earnings per share for the current year.
Several hedge funds have recently modified their holdings of PEB. Stephens Inc. AR purchased a new stake in shares of Pebblebrook Hotel during the third quarter worth about $208,000. Commonwealth Equity Services Inc purchased a new stake in shares of Pebblebrook Hotel during the third quarter worth about $232,000. Jane Street Group LLC purchased a new stake in shares of Pebblebrook Hotel during the third quarter worth about $234,000. Xact Kapitalforvaltning AB purchased a new stake in shares of Pebblebrook Hotel during the fourth quarter worth about $234,000. Finally, Granite Springs Asset Management LLC purchased a new stake in shares of Pebblebrook Hotel during the fourth quarter worth about $282,000.
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Pebblebrook Hotel 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 28 hotels, with a total of 6,972 guest rooms. The Company owns hotels located in 9 states and the District of Columbia, including: Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Washington, DC; Coral Gables, Florida; Naples, Florida; Buckhead, Georgia; Boston, Massachusetts; Minneapolis, Minnesota; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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