Brokerages Set Pebblebrook Hotel Trust (NYSE:PEB) Price Target at $30.67

Pebblebrook Hotel Trust (NYSE:PEB) has earned a consensus rating of “Hold” from the twelve research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $30.44.

A number of equities research analysts have weighed in on the stock. Raymond James downgraded shares of Pebblebrook Hotel Trust from an “outperform” rating to a “market perform” rating and set a $30.00 price target on the stock. in a research note on Tuesday, January 7th. Barclays reduced their target price on shares of Pebblebrook Hotel Trust from $26.00 to $24.00 and set an “underweight” rating on the stock in a research note on Tuesday. Capital One Financial downgraded shares of Pebblebrook Hotel Trust from an “overweight” rating to an “equal weight” rating and set a $30.00 target price on the stock. in a research note on Monday, January 13th. Finally, Zacks Investment Research upgraded shares of Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, January 14th.

A number of large investors have recently added to or reduced their stakes in PEB. Envestnet Asset Management Inc. raised its stake in shares of Pebblebrook Hotel Trust by 9.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 92,954 shares of the real estate investment trust’s stock worth $2,586,000 after purchasing an additional 8,382 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Pebblebrook Hotel Trust by 2.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 89,826 shares of the real estate investment trust’s stock valued at $2,499,000 after acquiring an additional 2,181 shares during the period. Brinker Capital Inc. bought a new stake in Pebblebrook Hotel Trust in the 3rd quarter valued at $311,000. Rhumbline Advisers raised its stake in Pebblebrook Hotel Trust by 2.0% in the 3rd quarter. Rhumbline Advisers now owns 456,894 shares of the real estate investment trust’s stock valued at $12,711,000 after acquiring an additional 8,759 shares during the period. Finally, Sheaff Brock Investment Advisors LLC raised its stake in Pebblebrook Hotel Trust by 21.4% in the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 16,289 shares of the real estate investment trust’s stock valued at $453,000 after acquiring an additional 2,871 shares during the period.

PEB traded down $0.92 during trading on Friday, reaching $21.64. 2,200,500 shares of the company’s stock were exchanged, compared to its average volume of 1,274,297. Pebblebrook Hotel Trust has a fifty-two week low of $21.58 and a fifty-two week high of $33.59. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.61. The business has a 50 day moving average price of $24.94 and a 200 day moving average price of $26.28. The company has a market capitalization of $3.14 billion, a P/E ratio of 34.35 and a beta of 1.37.

About Pebblebrook Hotel Trust

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 61 hotels, totaling approximately 14,600 guest rooms, located in 10 states and the District of Columbia, including: 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; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.

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Analyst Recommendations for Pebblebrook Hotel Trust (NYSE:PEB)

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