Pebblebrook Hotel Trust Given New $31.00 Price Target at RBC Capital (PEB)
Stock analysts at RBC Capital lifted their price target on shares of Pebblebrook Hotel Trust (NYSE:PEB) from $30.00 to $31.00 in a report issued on Thursday, Stock Ratings Network.com reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s target price suggests a potential upside of 11.51% from the company’s current price.
A number of other analysts have also recently weighed in on PEB. Analysts at Cowen and Company cut their price target on shares of Pebblebrook Hotel Trust (NYSE:PEB) from $32.00 to $31.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. 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 four have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $28.43.
Pebblebrook Hotel Trust (NYSE:PEB) traded up 0.14% on Thursday, hitting $27.80. 258,710 shares of the company’s stock traded hands. Pebblebrook Hotel Trust has a 52-week low of $19.17 and a 52-week high of $28.39. The stock has a 50-day moving average of $26. and a 200-day moving average of $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 issued its quarterly earnings data on Friday, July 26th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters 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 quarterly revenue 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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