Pebblebrook Hotel Trust Given “Buy” Rating at Stifel Nicolaus (PEB)
Pebblebrook Hotel Trust (NYSE:PEB)‘s stock had its “buy” rating reaffirmed by Stifel Nicolaus in a research note issued on Friday. They currently have a $42.00 price objective on the stock, up from their previous price objective of $39.00. Stifel Nicolaus’ target price points to a potential upside of 11.23% from the stock’s previous close.
Pebblebrook Hotel Trust (NYSE:PEB) traded up 0.40% on Friday, hitting $37.76. 512,625 shares of the company’s stock traded hands. Pebblebrook Hotel Trust has a 52 week low of $25.48 and a 52 week high of $38.19. The stock has a 50-day moving average of $36.91 and a 200-day moving average of $34.12. The company has a market cap of $2.413 billion and a P/E ratio of 103.90.
Pebblebrook Hotel Trust (NYSE:PEB) last announced its earnings results on Thursday, July 24th. The company reported $0.56 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.54 by $0.02. The company had revenue of $147.50 million for the quarter, compared to the consensus estimate of $151.00 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 16.8% on a year-over-year basis. On average, analysts predict that Pebblebrook Hotel Trust will post $1.91 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on PEB. Analysts at Robert W. Baird raised their price target on shares of Pebblebrook Hotel Trust from $33.00 to $38.00 in a research note on Wednesday. Separately, 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. Finally, 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. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Pebblebrook Hotel Trust presently has a consensus rating of “Hold” and a consensus price target of $36.99.
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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