Pebblebrook Hotel Trust (NYSE:PEB) was upgraded by Raymond James to an “outperform” rating in a report released on Monday, Stock Target Advisor reports. The firm currently has a $27.00 price target on the real estate investment trust’s stock. Raymond James’ target price points to a potential upside of 13.88% from the company’s previous close.
PEB has been the topic of several other research reports. BMO Capital Markets raised shares of Pebblebrook Hotel Trust from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $25.00 to $26.00 in a research note on Friday. Zacks Investment Research raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Wednesday, November 3rd. Finally, Citigroup dropped their price target on shares of Pebblebrook Hotel Trust from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 6th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Pebblebrook Hotel Trust presently has an average rating of “Buy” and a consensus target price of $26.29.
Pebblebrook Hotel Trust stock opened at $23.71 on Monday. Pebblebrook Hotel Trust has a 12-month low of $17.57 and a 12-month high of $26.45. The stock has a market cap of $3.12 billion, a P/E ratio of -8.53 and a beta of 1.88. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.79 and a quick ratio of 0.79. The business’s fifty day moving average price is $22.61.
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Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings results on Thursday, October 28th. The real estate investment trust reported ($0.34) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.34). Pebblebrook Hotel Trust had a negative net margin of 56.31% and a negative return on equity of 9.74%. The firm had revenue of $238.80 million for the quarter, compared to the consensus estimate of $232.39 million. During the same quarter in the previous year, the firm posted ($0.51) EPS. The firm’s quarterly revenue was up 210.1% on a year-over-year basis. As a group, sell-side analysts predict that Pebblebrook Hotel Trust will post -0.34 earnings per share for the current year.
In related news, CEO Jon E. Bortz sold 19,132 shares of the business’s stock in a transaction dated Wednesday, December 29th. The shares were sold at an average price of $24.90, for a total transaction of $476,386.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jon E. Bortz sold 1,727 shares of the business’s stock in a transaction dated Monday, December 20th. The shares were sold at an average price of $25.01, for a total transaction of $43,192.27. The disclosure for this sale can be found here. Insiders sold a total of 30,979 shares of company stock valued at $772,842 in the last three months. Insiders own 1.90% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Daiwa Securities Group Inc. grew its position in shares of Pebblebrook Hotel Trust by 1.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 34,508 shares of the real estate investment trust’s stock valued at $773,000 after buying an additional 442 shares during the last quarter. Harbor Investment Advisory LLC boosted its stake in Pebblebrook Hotel Trust by 30.7% during the 3rd quarter. Harbor Investment Advisory LLC now owns 1,891 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 444 shares during the period. PNC Financial Services Group Inc. boosted its stake in Pebblebrook Hotel Trust by 4.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 13,111 shares of the real estate investment trust’s stock valued at $308,000 after purchasing an additional 558 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Pebblebrook Hotel Trust by 5.2% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,678 shares of the real estate investment trust’s stock valued at $261,000 after purchasing an additional 579 shares during the period. Finally, Advisor Group Holdings Inc. boosted its stake in Pebblebrook Hotel Trust by 3.8% during the 3rd quarter. Advisor Group Holdings Inc. now owns 21,435 shares of the real estate investment trust’s stock valued at $480,000 after purchasing an additional 783 shares during the period.
About Pebblebrook Hotel Trust
Pebblebrook Hotel Trust is a real estate investment trust, which engages in the investments and acquisition in hotel properties. Its hotels are located in the markets like: Atlanta, Georgia; Boston, Massachusetts; Chicago, Illinois; Key West, Florida; Miami, Los Angeles, Naples, Nashville, Tennessee; New York, Philadelphia, Pennsylvania; Portland, Oregon; San Diego, California; San Francisco, Seattle, Stevenson, and Washington, DC The company was founded by Jon E.
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