Pebblebrook Hotel Trust (NYSE:PEB) Downgraded to Hold at ValuEngine

Pebblebrook Hotel Trust (NYSE:PEB) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research note on Friday, July 14th. BidaskClub raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating in a research note on Wednesday. Barclays PLC reissued a “buy” rating and issued a $35.00 price objective on shares of Pebblebrook Hotel Trust in a research note on Wednesday, June 28th. TheStreet raised shares of Pebblebrook Hotel Trust from a “c+” rating to a “b-” rating in a research note on Thursday, June 22nd. Finally, Stifel Nicolaus raised their price objective on shares of Pebblebrook Hotel Trust from $30.00 to $31.50 and gave the stock a “hold” rating in a research note on Wednesday, June 21st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $32.08.

Pebblebrook Hotel Trust (NYSE:PEB) opened at 32.24 on Thursday. Pebblebrook Hotel Trust has a one year low of $23.56 and a one year high of $34.38. The stock has a market cap of $2.24 billion, a P/E ratio of 46.72 and a beta of 1.24. The company’s 50-day moving average price is $32.70 and its 200-day moving average price is $30.35.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its quarterly earnings data on Thursday, April 27th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.05. The business had revenue of $182.18 million during the quarter, compared to the consensus estimate of $184.69 million. Pebblebrook Hotel Trust had a net margin of 8.87% and a return on equity of 4.38%. The firm’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.56 earnings per share. Analysts forecast that Pebblebrook Hotel Trust will post $0.86 EPS for the current fiscal year.

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Several hedge funds have recently bought and sold shares of PEB. BlackRock Inc. increased its stake in Pebblebrook Hotel Trust by 4,493.2% in the first quarter. BlackRock Inc. now owns 7,499,473 shares of the real estate investment trust’s stock valued at $219,060,000 after buying an additional 7,336,199 shares in the last quarter. Brookfield Asset Management Inc. increased its stake in Pebblebrook Hotel Trust by 3,466.2% in the first quarter. Brookfield Asset Management Inc. now owns 3,551,910 shares of the real estate investment trust’s stock valued at $103,751,000 after buying an additional 3,452,310 shares in the last quarter. Norges Bank bought a new stake in Pebblebrook Hotel Trust during the fourth quarter valued at $21,625,000. Goldman Sachs Group Inc. increased its stake in Pebblebrook Hotel Trust by 10.0% in the first quarter. Goldman Sachs Group Inc. now owns 6,476,191 shares of the real estate investment trust’s stock valued at $189,169,000 after buying an additional 586,816 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Pebblebrook Hotel Trust by 177.6% in the first quarter. Ameriprise Financial Inc. now owns 471,311 shares of the real estate investment trust’s stock valued at $13,769,000 after buying an additional 301,525 shares in the last quarter.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Pebblebrook Hotel Trust (NYSE:PEB)

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