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Pebblebrook Hotel Trust (NYSE:PEB)’s share price reached a new 52-week high during trading on Monday , Analyst Ratings News reports. The stock traded as high as $37.25 and last traded at $37.10, with a volume of 132,578 shares changing hands. The stock had previously closed at $37.12.

Several analysts have recently commented on the stock. Analysts at Raymond James raised their price target on shares of Pebblebrook Hotel Trust from $38.00 to $40.00 in a research note on Monday, June 9th. They now have an “outperform” rating on the stock. Separately, 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. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $36.15.

The stock’s 50-day moving average is $35.72 and its 200-day moving average is $33.25. The company has a market cap of $2.362 billion and a price-to-earnings ratio of 102.54.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.26 earnings per share for the quarter, beating the analysts’ 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.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Thursday, June 26th.

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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