Pebblebrook Hotel Trust PT Raised to $41.00 (PEB)
Equities research analysts at RBC Capital increased their price objective on shares of Pebblebrook Hotel Trust (NYSE:PEB) from $37.00 to $41.00 in a research note issued to investors on Monday. RBC Capital’s price target would indicate a potential upside of 7.64% from the company’s current price.
Pebblebrook Hotel Trust (NYSE:PEB) traded up 0.87% during mid-day trading on Monday, hitting $38.09. The stock had a trading volume of 754,386 shares. 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 $36.95 and a 200-day moving average of $34.17. The company has a market cap of $2.434 billion and a P/E ratio of 79.16.
Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. Analysts expect that Pebblebrook Hotel Trust will post $1.91 EPS for the current fiscal year.
PEB has been the subject of a number of other recent research reports. Analysts at Raymond James raised their price target on shares of Pebblebrook Hotel Trust from $40.00 to $41.00 in a research note on Monday. They now have an “outperform” rating on the stock. Separately, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Pebblebrook Hotel Trust in a research note on Friday. They now have a $42.00 price target on the stock, up previously from $39.00. Finally, 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, July 23rd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $38.50.
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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