Robert W. Baird Reiterates “Hold” Rating for Pebblebrook Hotel Trust (PEB)

Pebblebrook Hotel Trust (NYSE:PEB)‘s stock had its “hold” rating reaffirmed by equities research analysts at Robert W. Baird in a report released on Friday. They currently have a $38.00 target price on the real estate investment trust’s stock. Robert W. Baird’s target price indicates a potential upside of 0.08% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Boenning Scattergood reissued a “hold” rating on shares of Pebblebrook Hotel Trust in a report on Wednesday, October 25th. Janney Montgomery Scott raised Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $31.00 to $40.00 in a report on Wednesday, September 27th. BTIG Research raised Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Friday, September 22nd. Royal Bank of Canada reissued a “buy” rating and set a $35.00 price objective on shares of Pebblebrook Hotel Trust in a report on Wednesday, October 25th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $36.50 price objective on shares of Pebblebrook Hotel Trust in a report on Sunday, December 3rd. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. Pebblebrook Hotel Trust has an average rating of “Hold” and a consensus price target of $36.72.

Pebblebrook Hotel Trust (NYSE:PEB) traded down $0.07 during trading on Friday, hitting $37.97. The company had a trading volume of 514,700 shares, compared to its average volume of 482,356. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.31 and a quick ratio of 0.31. Pebblebrook Hotel Trust has a fifty-two week low of $26.21 and a fifty-two week high of $38.96. The company has a market capitalization of $2,618.01, a PE ratio of 29.43, a price-to-earnings-growth ratio of 1.53 and a beta of 1.23.

Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings results 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 business had revenue of $201.80 million during the quarter, compared to analysts’ expectations of $198.11 million. Pebblebrook Hotel Trust had a return on equity of 6.63% and a net margin of 12.98%. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.61) earnings per share. equities analysts predict that Pebblebrook Hotel Trust will post 2.51 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC increased its stake 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 acquiring an additional 249 shares during the last quarter. BB&T Corp acquired a new position in shares of Pebblebrook Hotel Trust in the 3rd quarter valued at approximately $203,000. Stephens Inc. AR acquired a new position in shares of Pebblebrook Hotel Trust in the 3rd quarter valued at approximately $208,000. Kemper Corp Master Retirement Trust grew its position in shares of Pebblebrook Hotel Trust by 0.4% in the 2nd quarter. Kemper Corp Master Retirement Trust now owns 6,700 shares of the real estate investment trust’s stock valued at $216,000 after purchasing an additional 25 shares during the period. Finally, ARP Americas LLC acquired a new position in shares of Pebblebrook Hotel Trust in the 3rd quarter valued at approximately $220,000.

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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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