Pebblebrook Hotel Trust Sets New 1-Year High at $28.39 (PEB)
Pebblebrook Hotel Trust (NYSE:PEB) set a new 52-week high during mid-day trading on Tuesday, AnalystRatingsNetwork reports. The stock traded as high as $28.39 and last traded at $27.74, with a volume of 899,502 shares. The stock had previously closed at $26.94.
Separately, analysts at Janney Montgomery Scott raised their price target on shares of Pebblebrook Hotel Trust (NYSE:PEB) from $26.50 to $28.00 in a research note to investors on Monday, July 29th. They now have a “neutral” rating on the stock.
Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $27.83.
Pebblebrook Hotel Trust has a 1-year low of $19.17 and a 1-year high of $28.38. The stock’s 50-day moving average is $26.97 and its 200-day moving average is $26.29. The company has a market cap of $1.704 billion and a P/E ratio of 120.27.
Pebblebrook Hotel Trust (NYSE:PEB) last announced its earnings results on Friday, July 26th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.02. The company had revenue of $126.30 million for the quarter, compared to the consensus estimate of $129.06 million. The company’s revenue for the quarter was up 34.1% on a year-over-year basis. On average, analysts predict that Pebblebrook Hotel Trust will post $1.38 earnings per share for the current fiscal year.
Pebblebrook Hotel Trust is an internally managed hotel investment company. The Company operates as a real estate investment trust (NYSE:PEB).
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