Pebblebrook Hotel Trust (NYSE:PEB) has received a consensus rating of “Hold” from the fourteen analysts that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $36.19.
A number of equities research analysts have commented on PEB shares. Stifel Nicolaus reiterated a “hold” rating and set a $34.50 target price (up previously from $31.50) on shares of Pebblebrook Hotel Trust in a report on Tuesday, October 24th. Barclays increased their target price on Pebblebrook Hotel Trust from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Wednesday, October 25th. Robert W. Baird set a $37.00 target price on Pebblebrook Hotel Trust and gave the company a “hold” rating in a report on Friday, December 1st. Zacks Investment Research cut Pebblebrook Hotel Trust from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Finally, Royal Bank of Canada restated a “buy” rating and set a $35.00 price objective on shares of Pebblebrook Hotel Trust in a report on Wednesday, October 25th.
Several hedge funds have recently bought and sold shares of PEB. BB&T Corp acquired a new stake in shares of Pebblebrook Hotel Trust during the third quarter worth $203,000. Stephens Inc. AR acquired a new stake in shares of Pebblebrook Hotel Trust during the third quarter worth $208,000. Kemper Corp Master Retirement Trust boosted its holdings in shares of Pebblebrook Hotel Trust by 0.4% during the second quarter. Kemper Corp Master Retirement Trust now owns 6,700 shares of the real estate investment trust’s stock worth $216,000 after purchasing an additional 25 shares during the last quarter. ARP Americas LLC acquired a new stake in shares of Pebblebrook Hotel Trust during the third quarter worth $220,000. Finally, Commonwealth Equity Services Inc acquired a new stake in shares of Pebblebrook Hotel Trust during the third quarter worth $232,000.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 4.04%. The ex-dividend date was Thursday, December 28th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is 117.83%.
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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.
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