A number of other analysts have also recently commented on PEB. BTIG Research raised Pebblebrook Hotel Trust from a neutral rating to a buy rating and set a $16.00 price target on the stock in a research report on Friday, April 24th. Royal Bank of Canada dropped their price target on Pebblebrook Hotel Trust from $34.00 to $18.00 and set an outperform rating on the stock in a research report on Friday, June 12th. Barclays upgraded shares of Pebblebrook Hotel Trust from an underweight rating to an equal weight rating and boosted their price objective for the stock from $9.00 to $15.00 in a report on Monday, June 22nd. TheStreet lowered shares of Pebblebrook Hotel Trust from a c rating to a d rating in a report on Thursday, July 30th. Finally, Zacks Investment Research lowered shares of Pebblebrook Hotel Trust from a hold rating to a sell rating in a research note on Tuesday, July 21st. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $17.91.
Pebblebrook Hotel Trust stock opened at $11.93 on Tuesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.44 and a current ratio of 1.44. The stock’s 50 day simple moving average is $11.59 and its two-hundred day simple moving average is $14.30. Pebblebrook Hotel Trust has a fifty-two week low of $5.39 and a fifty-two week high of $29.57. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of -21.69 and a beta of 1.59.
Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported ($1.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.90) by ($0.16). Pebblebrook Hotel Trust had a negative return on equity of 0.84% and a negative net margin of 3.57%. The company had revenue of $22.59 million during the quarter, compared to the consensus estimate of $16.55 million. On average, analysts predict that Pebblebrook Hotel Trust will post -1.14 earnings per share for the current year.
Several hedge funds have recently modified their holdings of the company. Canada Pension Plan Investment Board grew its position in shares of Pebblebrook Hotel Trust by 39.2% during the 2nd quarter. Canada Pension Plan Investment Board now owns 59,202 shares of the real estate investment trust’s stock valued at $809,000 after acquiring an additional 16,685 shares during the period. Point72 Hong Kong Ltd bought a new stake in shares of Pebblebrook Hotel Trust during the 2nd quarter valued at $125,000. Verition Fund Management LLC bought a new stake in shares of Pebblebrook Hotel Trust during the 2nd quarter valued at $146,000. Bamco Inc. NY bought a new stake in shares of Pebblebrook Hotel Trust during the 2nd quarter valued at $40,000. Finally, Stifel Financial Corp bought a new stake in shares of Pebblebrook Hotel Trust during the 2nd quarter valued at $387,000.
Pebblebrook Hotel Trust 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 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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