Pebblebrook Hotel Trust (NYSE: PEB – Get a rating) had its price target lowered by Stifel Nicolaus from $26.25 to $23.25 in a research note released Friday to investors, Fly reports. Stifel Nicolaus’ price target would indicate a potential upside of 31.80% from the company’s current price.
Several other brokerages also recently commented PEB. Sumitomo Mitsui Financial Group began covering shares of Pebblebrook Hotel Trust in a research report on Wednesday, March 23. They issued an “outperform” rating and a price target of $27.00 for the company. StockNews.com began covering shares of Pebblebrook Hotel Trust in a research report on Thursday, March 31. They set a “sell” rating for the company. One research analyst has assigned the stock a sell rating, four have assigned a hold rating and three have assigned the stock a buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $25.46.
PEB rose $0.89 in Friday’s midday session, hitting $17.64. 208,964 shares of the company were traded, against an average volume of 1,404,784. The company’s 50-day simple moving average is $22.30 and its 200-day simple moving average is $22.60. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of -10.54, a growth price-to-earnings ratio of 0.69 and a beta of 1.69. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt ratio of 0.79. Pebblebrook Hotel Trust has a 1 year minimum of $16.45 and a 1 year maximum of $26.45.
Pebblebrook Hotel Trust (NYSE: PEB – Get a rating) last reported results on Tuesday, April 26. The real estate investment trust reported ($0.85) earnings per share for the quarter, missing analyst consensus estimates of ($0.10) by ($0.75). Pebblebrook Hotel Trust posted a negative return on equity of 5.16% and a negative net margin of 18.05%. In the same quarter of the previous year, the company had earned earnings per share of ($0.42). On average, stock analysts expect Pebblebrook Hotel Trust to post 1.8 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of PEB. Rhumbline Advisers increased its position in Pebblebrook Hotel Trust by 0.5% in Q4. Rhumbline Advisers now owns 451,693 shares of the real estate investment trust worth $10,104,000 after buying 2,167 additional shares in the last quarter. Earnest Partners LLC increased its position in Pebblebrook Hotel Trust by 0.9% in the fourth quarter. Earnest Partners LLC now owns 6,355,056 shares of the real estate investment trust worth $142,163,000 after purchasing an additional 59,566 shares in the last quarter. Yousif Capital Management LLC purchased a new stake in Pebblebrook Hotel Trust in Q4, valued at approximately $1,197,000. BNP Paribas Arbitrage SA increased its position in Pebblebrook Hotel Trust by 33.5% in the third quarter. BNP Paribas Arbitrage SA now owns 245,972 shares of the real estate investment trust worth $5,512,000 after purchasing an additional 61,724 shares in the last quarter. Finally, Verdence Capital Advisors LLC acquired a new position in Pebblebrook Hotel Trust during Q4 valued at approximately $290,000.
Company Profile Pebblebrook Hotel Trust (Get a rating)
Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust (“REIT”) and the largest owner of city and resort hotels in the United States. The company owns 53 hotels, totaling approximately 13,200 rooms in 14 city and resort markets, with an emphasis on West Coast gateway cities.
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