Pebblebrook Hotel Trust Given New $38.00 Price Target at Robert W. Baird (PEB)
Equities research analysts at Robert W. Baird raised their target price on shares of Pebblebrook Hotel Trust (NYSE:PEB) from $33.00 to $38.00 in a research note issued to investors on Wednesday. Robert W. Baird’s target price suggests a potential upside of 0.58% from the company’s current price.
Pebblebrook Hotel Trust (NYSE:PEB) traded up 0.88% during mid-day trading on Wednesday, hitting $37.78. The stock had a trading volume of 353,108 shares. Pebblebrook Hotel Trust has a 52 week low of $25.48 and a 52 week high of $37.70. The stock’s 50-day moving average is $36.79 and its 200-day moving average is $34.07. The company has a market cap of $2.414 billion and a price-to-earnings ratio of 103.45.
Several other analysts have also recently commented on the stock. Analysts at ISI Group initiated coverage on shares of Pebblebrook Hotel Trust in a research note on Wednesday. They set a “neutral” rating and a $38.00 price target on the stock. Separately, 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. Finally, 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 issued a buy rating to the company. Pebblebrook Hotel Trust presently has a consensus rating of “Hold” and a consensus target price of $36.61.
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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