Pebblebrook Hotel Trust (NYSE:PEB – Get Free Report) had its price target boosted by research analysts at Cantor Fitzgerald from $19.00 to $23.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Cantor Fitzgerald‘s price objective would suggest a potential upside of 5.72% from the company’s current price.
Several other research analysts have also issued reports on PEB. Raymond James Financial upped their target price on Pebblebrook Hotel Trust from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Monday, September 28th. Barclays reduced their price objective on Pebblebrook Hotel Trust from $15.00 to $14.00 and set an “underweight” rating for the company in a research note on Thursday, August 27th. Wall Street Zen lowered shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Saturday, October 31st. Wells Fargo & Company lifted their price objective on shares of Pebblebrook Hotel Trust from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Monday, October 26th. Finally, Weiss Ratings raised shares of Pebblebrook Hotel Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Pebblebrook Hotel Trust has an average rating of “Hold” and an average target price of $19.17.
View Our Latest Stock Analysis on PEB
Pebblebrook Hotel Trust Trading Up 3.0%
NYSE:PEB opened at $21.75 on Tuesday. The firm has a market cap of $2.43 billion, a P/E ratio of -24.72, a P/E/G ratio of 1.05 and a beta of 1.45. Pebblebrook Hotel Trust has a one year low of $10.46 and a one year high of $22.40. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a 50-day simple moving average of $19.36 and a 200-day simple moving average of $16.35.
Pebblebrook Hotel Trust (NYSE:PEB – Get Free Report) last posted its earnings results on Thursday, October 29th. The real estate investment trust reported ($0.56) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.59). Pebblebrook Hotel Trust had a negative return on equity of 2.73% and a negative net margin of 4.55%. The company had revenue of $402.75 million for the quarter, compared to analysts’ expectations of $393.55 million. During the same quarter in the prior year, the company earned $0.51 EPS. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. Equities analysts anticipate that Pebblebrook Hotel Trust will post 1.76 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of PEB. Hantz Financial Services Inc. increased its holdings in Pebblebrook Hotel Trust by 20.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 8,494 shares of the real estate investment trust’s stock valued at $159,000 after purchasing an additional 1,450 shares during the last quarter. Virtus Advisers LLC lifted its stake in Pebblebrook Hotel Trust by 16.1% during the third quarter. Virtus Advisers LLC now owns 25,119 shares of the real estate investment trust’s stock worth $471,000 after purchasing an additional 3,489 shares in the last quarter. Aberdeen Group plc lifted its stake in Pebblebrook Hotel Trust by 1,719.6% during the third quarter. Aberdeen Group plc now owns 885,875 shares of the real estate investment trust’s stock worth $16,619,000 after purchasing an additional 837,189 shares in the last quarter. Allworth Financial LP boosted its position in shares of Pebblebrook Hotel Trust by 85.2% during the third quarter. Allworth Financial LP now owns 1,850 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 851 shares during the period. Finally, Fisher Asset Management LLC grew its position in Pebblebrook Hotel Trust by 236.7% in the 3rd quarter. Fisher Asset Management LLC now owns 1,783,865 shares of the real estate investment trust’s stock valued at $33,465,000 after acquiring an additional 1,254,004 shares in the last quarter.
Pebblebrook Hotel Trust Company Profile
Recommended Stories
- Five stocks we like better than Pebblebrook Hotel Trust
- Wall Street May Be Making a Big Mistake With monday.com Stock
- Are These 2 Mid-Cap Growth Stocks Worth the Risk?
- Oklo Changes the Narrative: Does a Nuclear Stock Price Explosion Come Next?
- Cloudflare’s 20% Sell-Off May Have Created an Opening for Investors
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.
