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.
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.
TRADEMARK VIOLATION WARNING: This report was first posted by American Banking News and is the property of of American Banking News. If you are reading this report on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The original version of this report can be read at https://www.americanbankingnews.com/2018/01/14/robert-w-baird-reaffirms-hold-rating-for-pebblebrook-hotel-trust-peb.html.
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.
Receive News & Ratings for Pebblebrook Hotel Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pebblebrook Hotel Trust and related companies with MarketBeat.com's FREE daily email newsletter.