Cowen and Company Lowers Pebblebrook Hotel Trust Price Target to $31.00 (PEB)
Equities research analysts at Cowen and Company lowered their price objective on shares of Pebblebrook Hotel Trust (NYSE:PEB) from $32.00 to $31.00 in a research note issued to investors on Thursday, Analyst Ratings Network reports. The firm currently has an “outperform” rating on the stock. Cowen and Company’s target price suggests a potential upside of 11.51% from the company’s current price.
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 investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Pebblebrook Hotel Trust currently has a consensus rating of “Buy” and a consensus target price of $28.43.
Pebblebrook Hotel Trust (NYSE:PEB) traded up 0.14% on Thursday, hitting $27.80. The stock had a trading volume of 258,710 shares. Pebblebrook Hotel Trust has a 52 week low of $19.17 and a 52 week high of $28.39. The stock’s 50-day moving average is $26. and its 200-day moving average is $26.33. The company has a market cap of $1.712 billion and a price-to-earnings ratio of 123.93.
Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly 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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