Pebblebrook Hotel Trust (NYSE:PEB)‘s stock had its “hold” rating reiterated by equities researchers at Stifel Nicolaus in a research report issued on Sunday. They currently have a $36.50 price target on the real estate investment trust’s stock. Stifel Nicolaus’ target price suggests a potential downside of 3.29% from the stock’s current price.

Other analysts have also recently issued research reports about the company. BTIG Research upgraded Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Friday, September 22nd. ValuEngine upgraded Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Janney Montgomery Scott upgraded Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and increased their target price for the stock from $31.00 to $40.00 in a report on Wednesday, September 27th. Royal Bank Of Canada restated a “buy” rating and set a $35.00 target price on shares of Pebblebrook Hotel Trust in a report on Wednesday, October 25th. Finally, Robert W. Baird set a $37.00 target price on Pebblebrook Hotel Trust and gave the stock a “hold” rating in a report on Friday. Three research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $36.39.

Shares of Pebblebrook Hotel Trust (PEB) traded down $0.73 during mid-day trading on Friday, hitting $37.74. The stock had a trading volume of 506,160 shares, compared to its average volume of 689,541. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $2,600.00, a PE ratio of 14.19, a PEG ratio of 1.58 and a beta of 1.22. Pebblebrook Hotel Trust has a 12 month low of $26.21 and a 12 month high of $38.66.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its earnings results on Monday, October 23rd. The real estate investment trust reported $0.80 EPS for the quarter, topping the consensus estimate of $0.31 by $0.49. The company had revenue of $201.80 million for the quarter, compared to analysts’ expectations of $198.11 million. Pebblebrook Hotel Trust had a return on equity of 6.63% and a net margin of 12.98%. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.61) earnings per share. equities research analysts forecast that Pebblebrook Hotel Trust will post 2.51 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of PEB. Public Employees Retirement System of Ohio lifted its stake in Pebblebrook Hotel Trust by 9.6% in the third quarter. Public Employees Retirement System of Ohio now owns 90,375 shares of the real estate investment trust’s stock valued at $3,266,000 after buying an additional 7,901 shares during the period. GSA Capital Partners LLP lifted its stake in Pebblebrook Hotel Trust by 35.2% in the third quarter. GSA Capital Partners LLP now owns 17,506 shares of the real estate investment trust’s stock valued at $633,000 after buying an additional 4,556 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Pebblebrook Hotel Trust in the third quarter valued at about $292,000. Jane Street Group LLC acquired a new position in Pebblebrook Hotel Trust in the third quarter valued at about $234,000. Finally, Dimensional Fund Advisors LP lifted its stake in Pebblebrook Hotel Trust by 3.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,096,033 shares of the real estate investment trust’s stock valued at $39,610,000 after buying an additional 36,357 shares during the period.

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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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