Pebblebrook Hotel Trust Price Target Increased to $38.00 by Analysts at Raymond James (PEB)
Research analysts at Raymond James hoisted their price objective on shares of Pebblebrook Hotel Trust (NYSE:PEB) from $35.00 to $38.00 in a report released on Monday, American Banking & Market News reports. Raymond James’ price target would suggest a potential upside of 11.44% from the stock’s previous close.
Pebblebrook Hotel Trust (NYSE:PEB) traded up 0.29% on Monday, hitting $34.10. The stock had a trading volume of 225,733 shares. Pebblebrook Hotel Trust has a 52 week low of $24.52 and a 52 week high of $35.10. The stock has a 50-day moving average of $34.12 and a 200-day moving average of $31.41. The company has a market cap of $2.179 billion and a P/E ratio of 106.58.
Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.03. The company had revenue of $125.71 million for the quarter, compared to the consensus estimate of $124.88 million. On average, analysts predict that Pebblebrook Hotel Trust will post $1.85 earnings per share for the current fiscal year.
A number of other firms have also recently commented on PEB. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Pebblebrook Hotel Trust in a research note on Friday. They now have a $39.00 price target on the stock, up previously from $32.00. Separately, analysts at Ned Davis Research upgraded shares of Pebblebrook Hotel Trust from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. Finally, analysts at Cowen and Company raised their price target on shares of Pebblebrook Hotel Trust from $34.00 to $36.50 in a research note on Tuesday, February 25th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $35.15.
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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