Pebblebrook Hotel Trust (PEB) Receives $37.90 Average Price Target from Brokerages

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Shares of Pebblebrook Hotel Trust (NYSE:PEB) have been given a consensus rating of “Hold” by the eight analysts that are currently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $37.90.

A number of brokerages have recently commented on PEB. Zacks Investment Research raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Saturday, July 28th. ValuEngine lowered shares of Pebblebrook Hotel Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Royal Bank of Canada reissued a “buy” rating and issued a $40.00 price target on shares of Pebblebrook Hotel Trust in a report on Wednesday, August 15th. Bank of America reissued a “buy” rating and issued a $36.00 price target on shares of Pebblebrook Hotel Trust in a report on Monday, October 29th. Finally, Robert W. Baird set a $38.00 price target on shares of Pebblebrook Hotel Trust and gave the stock a “hold” rating in a report on Wednesday, October 10th.

NYSE PEB traded up $0.08 on Monday, hitting $34.18. The stock had a trading volume of 873,801 shares, compared to its average volume of 1,514,396. Pebblebrook Hotel Trust has a 52-week low of $31.05 and a 52-week high of $41.65. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.80 and a quick ratio of 0.82. The stock has a market capitalization of $2.36 billion, a PE ratio of 13.30, a P/E/G ratio of 2.60 and a beta of 1.19.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 4.45%. The ex-dividend date was Thursday, September 27th. Pebblebrook Hotel Trust’s dividend payout ratio is currently 59.14%.

Several hedge funds have recently added to or reduced their stakes in the stock. Assetmark Inc. grew its holdings in Pebblebrook Hotel Trust by 278.2% in the 2nd quarter. Assetmark Inc. now owns 4,168 shares of the real estate investment trust’s stock worth $162,000 after acquiring an additional 3,066 shares during the last quarter. Integrated Investment Consultants LLC bought a new stake in Pebblebrook Hotel Trust in the 2nd quarter worth $203,000. Campbell & CO Investment Adviser LLC bought a new stake in Pebblebrook Hotel Trust in the 2nd quarter worth $213,000. Sheaff Brock Investment Advisors LLC bought a new stake in Pebblebrook Hotel Trust in the 2nd quarter worth $219,000. Finally, BB&T Corp bought a new stake in Pebblebrook Hotel Trust in the 2nd quarter worth $222,000.

Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust is a publicly traded real estate investment trust (?REIT?) organized to opportunistically acquire and invest primarily in upper upscale, full-service hotels located in urban markets in major gateway cities. The Company owns 28 hotels, with a total of 6,973 guest rooms. The Company owns hotels located in 9 states and the District of Columbia, including: Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Washington, DC; Coral Gables, Florida; Naples, Florida; Buckhead, Georgia; Boston, Massachusetts; Minneapolis, Minnesota; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.

Read More: Return on Investment (ROI) Defined, Explained

Analyst Recommendations for Pebblebrook Hotel Trust (NYSE:PEB)

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