Pebblebrook Hotel Trust Hits New 12-Month High at $38.64 (PEB)
Pebblebrook Hotel Trust (NYSE:PEB)’s share price hit a new 52-week high on Tuesday , StockRatingsNetwork.com reports. The company traded as high as $38.64 and last traded at $38.62, with a volume of 66,876 shares traded. The stock had previously closed at $38.24.
A number of analysts have recently weighed in on PEB shares. Analysts at Zacks upgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to an “outperform” rating in a research note on Monday, July 28th. They now have a $40.50 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Pebblebrook Hotel Trust from $37.00 to $41.00 in a research note on Monday, July 28th. Finally, 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, July 28th. They now have an “outperform” rating on the stock. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Pebblebrook Hotel Trust has a consensus rating of “Buy” and an average price target of $38.50.
The stock’s 50-day moving average is $37.30 and its 200-day moving average is $34.9. The company has a market cap of $2.464 billion and a price-to-earnings ratio of 80.17.
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. Analysts expect that Pebblebrook Hotel Trust will post $1.93 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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