Pebblebrook Hotel Trust (NYSE:PEB) Stock Rating Reaffirmed by Royal Bank Of Canada

Royal Bank Of Canada reiterated their buy rating on shares of Pebblebrook Hotel Trust (NYSE:PEB) in a research report sent to investors on Wednesday, October 25th. Royal Bank Of Canada currently has a $35.00 price target on the real estate investment trust’s stock.

A number of other analysts also recently issued reports on PEB. Zacks Investment Research raised Pebblebrook Hotel Trust from a sell rating to a hold rating in a research note on Tuesday, August 1st. Goldman Sachs Group, Inc. (The) downgraded Pebblebrook Hotel Trust from a neutral rating to a sell rating and reduced their price objective for the stock from $27.00 to $26.00 in a research note on Wednesday, August 2nd. ValuEngine raised Pebblebrook Hotel Trust from a hold rating to a buy rating in a research report on Friday, September 1st. Janney Montgomery Scott raised Pebblebrook Hotel Trust from a neutral rating to a buy rating and boosted their target price for the company from $31.00 to $40.00 in a research report on Wednesday, September 27th. Finally, Robert W. Baird downgraded Pebblebrook Hotel Trust from an outperform rating to a neutral rating and set a $34.00 target price on the stock. in a research report on Monday, October 2nd. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. Pebblebrook Hotel Trust currently has an average rating of Hold and an average target price of $35.94.

Shares of Pebblebrook Hotel Trust (PEB) opened at $36.18 on Wednesday. The stock has a market capitalization of $2,502.87, a P/E ratio of 13.65, a P/E/G ratio of 1.52 and a beta of 1.21. Pebblebrook Hotel Trust has a 12 month low of $26.21 and a 12 month high of $37.63. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.31 and a current ratio of 0.31.

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

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Pebblebrook Hotel Trust declared that its Board of Directors has initiated a stock buyback plan on Thursday, July 27th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to purchase up to 4.4% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 4.20%. The ex-dividend date was Thursday, September 28th. Pebblebrook Hotel Trust’s dividend payout ratio is currently 117.83%.

A number of large investors have recently made changes to their positions in the stock. 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 valued at $39,610,000 after buying an additional 36,357 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Pebblebrook Hotel Trust by 7.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 792,799 shares of the real estate investment trust’s stock valued at $28,652,000 after buying an additional 56,139 shares in the last quarter. Wells Fargo & Company MN increased its position in Pebblebrook Hotel Trust by 10.2% during the 3rd quarter. Wells Fargo & Company MN now owns 379,366 shares of the real estate investment trust’s stock valued at $13,710,000 after buying an additional 35,040 shares in the last quarter. Schroder Investment Management Group increased its position in Pebblebrook Hotel Trust by 4.6% during the 3rd quarter. Schroder Investment Management Group now owns 397,447 shares of the real estate investment trust’s stock valued at $14,340,000 after buying an additional 17,585 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in Pebblebrook Hotel Trust by 196.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,089,557 shares of the real estate investment trust’s stock valued at $39,311,000 after buying an additional 722,283 shares in the last quarter.

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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