Pebblebrook Hotel Trust Hits New 52-Week High at $39.10 (PEB)
Pebblebrook Hotel Trust (NYSE:PEB)’s share price reached a new 52-week high during trading on Tuesday , AnalystRatings.Net reports. The stock traded as high as $39.10 and last traded at $38.97, with a volume of 288,047 shares changing hands. The stock had previously closed at $38.74.
Several analysts have recently commented on the stock. 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $38.50.
The stock’s 50-day moving average is $37.6 and its 200-day moving average is $35.42. The company has a market cap of $2.498 billion and a price-to-earnings ratio of 81.22.
Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.56 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.43 earnings per share. Pebblebrook Hotel Trust’s revenue was up 16.8% compared to the same quarter last year. 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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