Pebblebrook Hotel Trust (NYSE:PEB) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.
A number of other equities research analysts have also recently issued reports on PEB. ValuEngine cut Pebblebrook Hotel Trust from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Zacks Investment Research upgraded Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a report on Friday, July 14th. Raymond James Financial, Inc. restated an “outperform” rating and set a $35.00 price objective (up previously from $32.00) on shares of Pebblebrook Hotel Trust in a report on Wednesday, June 28th. Barclays PLC restated a “buy” rating and set a $35.00 price objective on shares of Pebblebrook Hotel Trust in a report on Wednesday, June 28th. Finally, Stifel Nicolaus boosted their price objective on Pebblebrook Hotel Trust from $30.00 to $31.50 and gave the stock a “hold” rating in a report on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $32.08.
Shares of Pebblebrook Hotel Trust (NYSE:PEB) opened at 32.22 on Tuesday. The firm has a 50 day moving average price of $32.75 and a 200-day moving average price of $30.39. The company has a market cap of $2.24 billion, a P/E ratio of 46.70 and a beta of 1.23. Pebblebrook Hotel Trust has a 12 month low of $23.56 and a 12 month high of $34.38.
Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings data on Thursday, April 27th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. Pebblebrook Hotel Trust had a return on equity of 4.38% and a net margin of 8.87%. The company had revenue of $182.18 million during the quarter, compared to analysts’ expectations of $184.69 million. During the same quarter in the previous year, the company posted $0.56 earnings per share. The business’s revenue was down 7.2% on a year-over-year basis. Analysts anticipate that Pebblebrook Hotel Trust will post $0.86 earnings per share for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in PEB. Envestnet Asset Management Inc. boosted its stake in Pebblebrook Hotel Trust by 16.1% in the first quarter. Envestnet Asset Management Inc. now owns 4,336 shares of the real estate investment trust’s stock valued at $126,000 after buying an additional 600 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Pebblebrook Hotel Trust during the first quarter valued at $180,000. Nisa Investment Advisors LLC boosted its stake in Pebblebrook Hotel Trust by 8.6% in the second quarter. Nisa Investment Advisors LLC now owns 6,410 shares of the real estate investment trust’s stock valued at $200,000 after buying an additional 510 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Pebblebrook Hotel Trust during the fourth quarter valued at $214,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Pebblebrook Hotel Trust during the first quarter valued at $232,000.
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.
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