Robert W. Baird Reaffirms “Hold” Rating for Pebblebrook Hotel Trust (PEB)

Pebblebrook Hotel Trust (NYSE:PEB)‘s stock had its “hold” rating restated by research analysts at Robert W. Baird in a research report issued to clients and investors on Friday. They currently have a $38.00 price objective on the real estate investment trust’s stock. Robert W. Baird’s price target indicates a potential upside of 0.08% from the stock’s current price.

Several other research analysts have also commented on the company. BTIG Research raised Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Friday, September 22nd. Barclays raised their price objective on Pebblebrook Hotel Trust from $36.00 to $37.00 and gave the company an “overweight” rating in a research report on Wednesday, October 25th. Royal Bank of Canada reissued a “buy” rating and issued a $35.00 price objective on shares of Pebblebrook Hotel Trust in a research report on Wednesday, October 25th. Stifel Nicolaus reaffirmed a “hold” rating and set a $34.50 target price (up from $31.50) on shares of Pebblebrook Hotel Trust in a research report on Tuesday, October 24th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Pebblebrook Hotel Trust in a research report on Wednesday, October 25th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $36.72.

Shares of Pebblebrook Hotel Trust (NYSE:PEB) traded down $0.07 during trading on Friday, reaching $37.97. The company had a trading volume of 514,734 shares, compared to its average volume of 464,735. Pebblebrook Hotel Trust has a 52-week low of $26.21 and a 52-week high of $38.96. The firm has a market capitalization of $2,618.03, a PE ratio of 14.27, a P/E/G ratio of 1.53 and a beta of 1.23. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.56.

Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings data on Monday, October 23rd. The real estate investment trust reported $0.80 EPS for the quarter, beating the consensus estimate of $0.31 by $0.49. Pebblebrook Hotel Trust had a return on equity of 6.63% and a net margin of 12.98%. The company had revenue of $201.80 million for the quarter, compared to analyst estimates of $198.11 million. During the same period last year, the company posted ($0.61) earnings per share. The firm’s revenue was down 3.4% compared to the same quarter last year. analysts predict that Pebblebrook Hotel Trust will post 2.51 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC increased its position in shares of Pebblebrook Hotel Trust by 6.0% during the second quarter. SG Americas Securities LLC now owns 4,401 shares of the real estate investment trust’s stock worth $142,000 after acquiring an additional 249 shares during the last quarter. BB&T Corp bought a new stake in Pebblebrook Hotel Trust in the third quarter valued at about $203,000. Stephens Inc. AR bought a new stake in Pebblebrook Hotel Trust in the third quarter valued at about $208,000. ARP Americas LLC bought a new stake in Pebblebrook Hotel Trust in the third quarter valued at about $220,000. Finally, Commonwealth Equity Services Inc bought a new stake in Pebblebrook Hotel Trust in the third quarter valued at about $232,000.

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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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