Stifel Nicolaus reaffirmed their hold rating on shares of Pebblebrook Hotel Trust (NYSE:PEB) in a research report released on Sunday. They currently have a $36.50 target price on the real estate investment trust’s stock.

PEB has been the subject of several other research reports. ValuEngine upgraded shares of Pebblebrook Hotel Trust from a hold rating to a buy rating in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of Pebblebrook Hotel Trust from a hold rating to a strong-buy rating and set a $41.00 target price for the company in a research report on Wednesday, September 27th. Barclays upped their target price on shares of Pebblebrook Hotel Trust from $36.00 to $37.00 and gave the company an overweight rating in a research report on Wednesday, October 25th. Robert W. Baird set a $37.00 target price on shares of Pebblebrook Hotel Trust and gave the company a hold rating in a research report on Friday, December 1st. Finally, Royal Bank Of Canada reiterated a buy rating and set a $35.00 target price on shares of Pebblebrook Hotel Trust in a research report on Wednesday, October 25th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $36.39.

Pebblebrook Hotel Trust (PEB) opened at $38.06 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.56. Pebblebrook Hotel Trust has a 1 year low of $26.21 and a 1 year high of $38.96. The firm has a market cap of $2,602.16, a P/E ratio of 14.19, a P/E/G ratio of 1.58 and a beta of 1.22.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings data on Monday, October 23rd. The real estate investment trust reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.49. Pebblebrook Hotel Trust had a net margin of 12.98% and a return on equity of 6.63%. The firm had revenue of $201.80 million during the quarter, compared to analysts’ expectations of $198.11 million. During the same quarter in the previous year, the company posted ($0.61) EPS. Pebblebrook Hotel Trust’s revenue was down 3.4% on a year-over-year basis. analysts expect that Pebblebrook Hotel Trust will post 2.51 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in PEB. First Mercantile Trust Co. increased its position in shares of Pebblebrook Hotel Trust by 1.7% in the 2nd quarter. First Mercantile Trust Co. now owns 3,680 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 60 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Pebblebrook Hotel Trust by 6.0% in the 2nd quarter. SG Americas Securities LLC now owns 4,401 shares of the real estate investment trust’s stock valued at $142,000 after buying an additional 249 shares in the last quarter. GAM Holding AG increased its position in shares of Pebblebrook Hotel Trust by 2.3% in the 2nd quarter. GAM Holding AG now owns 5,892 shares of the real estate investment trust’s stock valued at $190,000 after buying an additional 134 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Pebblebrook Hotel Trust by 8.6% in the 2nd 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 in the last quarter. Finally, BB&T Corp bought a new stake in shares of Pebblebrook Hotel Trust in the 3rd quarter valued at $203,000.

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Pebblebrook Hotel Trust Company Profile

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.

Analyst Recommendations for Pebblebrook Hotel Trust (NYSE:PEB)

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