Pebblebrook Hotel Trust (NYSE:PEB)‘s stock had its “hold” rating restated by equities research analysts at Robert W. Baird in a research report issued on Friday. They presently have a $38.00 price objective on the real estate investment trust’s stock. Robert W. Baird’s price objective would suggest a potential downside of 0.11% from the stock’s previous close.

A number of other analysts also recently issued reports on the stock. Barclays reissued a “buy” rating and issued a $39.00 price objective on shares of Pebblebrook Hotel Trust in a report on Friday, December 15th. Stifel Nicolaus reissued a “hold” rating and issued a $36.50 price objective on shares of Pebblebrook Hotel Trust in a report on Sunday, December 3rd. Zacks Investment Research downgraded shares of Pebblebrook Hotel Trust from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Royal Bank of Canada reissued a “buy” rating and issued a $35.00 price objective on shares of Pebblebrook Hotel Trust in a report on Wednesday, October 25th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Pebblebrook Hotel Trust in a report on Wednesday, October 25th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $36.72.

Shares of Pebblebrook Hotel Trust (NYSE PEB) opened at $38.04 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. The stock has a market cap of $2,610.00, a PE ratio of 29.72, a price-to-earnings-growth ratio of 1.50 and a beta of 1.23. Pebblebrook Hotel Trust has a twelve month low of $26.21 and a twelve month high of $38.96.

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 (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.49. The firm had revenue of $201.80 million during the quarter, compared to the consensus estimate of $198.11 million. Pebblebrook Hotel Trust had a net margin of 12.98% and a return on equity of 6.63%. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.61) EPS. equities research analysts expect that Pebblebrook Hotel Trust will post 2.51 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Pebblebrook Hotel Trust by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 11,287,224 shares of the real estate investment trust’s stock worth $363,900,000 after acquiring an additional 38,873 shares during the period. State Street Corp lifted its holdings in shares of Pebblebrook Hotel Trust by 0.8% during the 2nd quarter. State Street Corp now owns 2,386,186 shares of the real estate investment trust’s stock worth $76,928,000 after acquiring an additional 19,242 shares during the period. Northern Trust Corp increased its position in Pebblebrook Hotel Trust by 1.1% during the 2nd quarter. Northern Trust Corp now owns 1,576,019 shares of the real estate investment trust’s stock worth $50,811,000 after purchasing an additional 17,759 shares in the last quarter. Macquarie Group Ltd. increased its position in Pebblebrook Hotel Trust by 6.8% during the 3rd quarter. Macquarie Group Ltd. now owns 1,173,896 shares of the real estate investment trust’s stock worth $42,424,000 after purchasing an additional 74,849 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Pebblebrook Hotel Trust by 3.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,096,033 shares of the real estate investment trust’s stock worth $39,610,000 after purchasing an additional 36,357 shares in the last quarter.

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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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