Pebblebrook Hotel Trust Price Target Increased to $34.00 by Analysts at Raymond James (PEB)
Equities researchers at Raymond James increased their price target on shares of Pebblebrook Hotel Trust (NYSE:PEB) from $31.00 to $34.00 in a research report issued on Monday, ARN reports. The firm currently has an “outperform” rating on the stock. Raymond James’ target price would indicate a potential upside of 12.73% from the company’s current price.
PEB has been the subject of a number of other recent research reports. Analysts at Janney Montgomery Scott raised their price target on shares of Pebblebrook Hotel Trust from $28.00 to $31.00 in a research note to investors on Monday. They now have a “neutral” rating on the stock. Separately, analysts at ISI Group downgraded shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating in a research note to investors on Monday, October 14th. Finally, analysts at RBC Capital raised their price target on shares of Pebblebrook Hotel Trust from $30.00 to $31.00 in a research note to investors on Thursday, September 12th. They now have an “outperform” rating on the stock. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Pebblebrook Hotel Trust presently has a consensus rating of “Buy” and an average target price of $29.83.
Shares of Pebblebrook Hotel Trust (NYSE:PEB) traded up 0.13% on Monday, hitting $30.16. 330,186 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’s 50-day moving average is $27.00 and its 200-day moving average is $26.37. The company has a market cap of $1.845 billion and a P/E ratio of 107.57.
Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings data on Friday, October 25th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.04. The company had revenue of $131.23 million for the quarter, compared to the consensus estimate of $133.80 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 25.8% on a year-over-year basis. On average, analysts predict that Pebblebrook Hotel Trust will post $1.46 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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