Pebblebrook Hotel Trust Reaches New 52-Week High at $36.90 (PEB)
Pebblebrook Hotel Trust (NYSE:PEB) shares hit a new 52-week high during mid-day trading on Friday , Stock Ratings Network.com reports. The company traded as high as $36.90 and last traded at $36.79, with a volume of 76,604 shares. The stock had previously closed at $36.48.
Several analysts have recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Pebblebrook Hotel Trust from $35.00 to $37.00 in a research note on Tuesday, April 29th. Separately, analysts at Raymond James raised their price target on shares of Pebblebrook Hotel Trust from $35.00 to $38.00 in a research note on Monday, April 28th. Finally, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Pebblebrook Hotel Trust in a research note on Friday, April 25th. They now have a $39.00 price target on the stock, up previously from $32.00. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Pebblebrook Hotel Trust presently has a consensus rating of “Hold” and an average target price of $35.82.
The stock’s 50-day moving average is $34.74 and its 200-day moving average is $32.5. The company has a market cap of $2.355 billion and a P/E ratio of 100.77.
Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters 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. Analysts expect that Pebblebrook Hotel Trust will post $1.88 EPS 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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