Pebblebrook Hotel Trust (NYSE:PEB) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

Other analysts have also issued reports about the company. TheStreet raised Pebblebrook Hotel Trust from a “c+” rating to a “b-” rating in a report on Thursday, June 22nd. ValuEngine raised Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Barclays PLC reaffirmed a “buy” rating and set a $35.00 target price on shares of Pebblebrook Hotel Trust in a report on Wednesday, June 28th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $33.00 target price on shares of Pebblebrook Hotel Trust in a report on Friday, June 23rd. Finally, Zacks Investment Research raised Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a report on Friday, July 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $31.44.

Pebblebrook Hotel Trust (PEB) traded down 0.93% on Wednesday, hitting $33.04. The stock had a trading volume of 861,874 shares. The company’s 50 day moving average is $32.60 and its 200-day moving average is $30.32. The stock has a market cap of $2.30 billion, a P/E ratio of 47.88 and a beta of 1.24. Pebblebrook Hotel Trust has a 12 month low of $23.56 and a 12 month high of $34.38.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its earnings results on Thursday, April 27th. The real estate investment trust reported $0.54 EPS for the quarter, topping the consensus estimate of $0.49 by $0.05. The firm had revenue of $182.18 million for the quarter, compared to analyst estimates of $184.69 million. Pebblebrook Hotel Trust had a return on equity of 4.38% and a net margin of 8.87%. Pebblebrook Hotel Trust’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period last year, the company earned $0.56 earnings per share. Analysts forecast that Pebblebrook Hotel Trust will post $0.87 EPS for the current year.

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A number of institutional investors have recently made changes to their positions in PEB. Vanguard Group Inc. increased its position in shares of Pebblebrook Hotel Trust by 2.4% in the first quarter. Vanguard Group Inc. now owns 11,248,351 shares of the real estate investment trust’s stock worth $328,563,000 after buying an additional 258,683 shares during the last quarter. BlackRock Inc. increased its position in shares of Pebblebrook Hotel Trust by 4,493.2% in the first quarter. BlackRock Inc. now owns 7,499,473 shares of the real estate investment trust’s stock worth $219,060,000 after buying an additional 7,336,199 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Pebblebrook Hotel Trust by 10.0% in the first quarter. Goldman Sachs Group Inc. now owns 6,476,191 shares of the real estate investment trust’s stock worth $189,169,000 after buying an additional 586,816 shares during the last quarter. Brookfield Asset Management Inc. increased its position in shares of Pebblebrook Hotel Trust by 3,466.2% in the first quarter. Brookfield Asset Management Inc. now owns 3,551,910 shares of the real estate investment trust’s stock worth $103,751,000 after buying an additional 3,452,310 shares during the last quarter. Finally, State Street Corp increased its position in shares of Pebblebrook Hotel Trust by 0.7% in the first quarter. State Street Corp now owns 2,366,944 shares of the real estate investment trust’s stock worth $69,136,000 after buying an additional 16,505 shares during the last quarter.

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust is an internally managed hotel investment company. The Company is a real estate investment trust (REIT) that acquires and invests in hotel properties located primarily in cities of the United States. As of December 31, 2016, the Company owned 29 hotels with a total of 7,219 guest rooms.

Analyst Recommendations for Pebblebrook Hotel Trust (NYSE:PEB)

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