Pebblebrook Hotel Trust (PEB) Stock Rating Lowered by ValuEngine
Pebblebrook Hotel Trust (NYSE:PEB) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
Other research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research note on Friday, July 14th. BidaskClub upgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating in a research note on Wednesday. Barclays PLC reiterated a “buy” rating and issued a $35.00 target price on shares of Pebblebrook Hotel Trust in a research note on Wednesday, June 28th. TheStreet upgraded shares of Pebblebrook Hotel Trust from a “c+” rating to a “b-” rating in a research note on Thursday, June 22nd. Finally, Stifel Nicolaus lifted their target price on shares of Pebblebrook Hotel Trust from $30.00 to $31.50 and gave the company a “hold” rating in a research note on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. Pebblebrook Hotel Trust currently has a consensus rating of “Hold” and an average target price of $31.44.
Shares of Pebblebrook Hotel Trust (NYSE:PEB) traded down 2.39% during mid-day trading on Thursday, hitting $32.25. The stock had a trading volume of 590,720 shares. The firm has a 50 day moving average of $32.66 and a 200 day moving average of $30.34. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 46.74 and a beta of 1.24. Pebblebrook Hotel Trust has a one year low of $23.56 and a one year 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.05. Pebblebrook Hotel Trust had a net margin of 8.87% and a return on equity of 4.38%. The company had revenue of $182.18 million during the quarter, compared to analysts’ expectations of $184.69 million. During the same quarter in the previous year, the company posted $0.56 earnings per share. Pebblebrook Hotel Trust’s quarterly revenue was down 7.2% compared to the same quarter last year. On average, analysts forecast that Pebblebrook Hotel Trust will post $0.87 earnings per share for the current year.
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A number of hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its stake in 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 in the last quarter. Daiwa Securities Group Inc. raised its stake in Pebblebrook Hotel Trust by 167,287.1% in the third quarter. Daiwa Securities Group Inc. now owns 4,352,064 shares of the real estate investment trust’s stock worth $115,765,000 after buying an additional 4,349,464 shares in the last quarter. Brookfield Asset Management Inc. raised its stake in 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 in the last quarter. Heitman Real Estate Securities LLC acquired a new stake in Pebblebrook Hotel Trust during the first quarter worth approximately $88,057,000. Finally, Silvercrest Asset Management Group LLC raised its stake in Pebblebrook Hotel Trust by 48.3% in the second quarter. Silvercrest Asset Management Group LLC now owns 3,479,262 shares of the real estate investment trust’s stock worth $91,331,000 after buying an additional 1,132,709 shares in 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.
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