Pebblebrook Hotel Trust (NYSE:PEB – Get Free Report) has been given a $9.00 target price by equities research analysts at Truist Financial in a note issued to investors on Monday, Marketbeat.com reports. The firm presently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s price target points to a potential downside of 5.81% from the stock’s previous close.
Other equities analysts have also issued reports about the stock. Compass Point lowered shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and cut their price objective for the company from $17.00 to $15.00 in a research report on Monday, March 10th. Wells Fargo & Company lowered their target price on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. Stifel Nicolaus reduced their price target on shares of Pebblebrook Hotel Trust from $16.50 to $13.25 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Wedbush set a $9.00 price objective on Pebblebrook Hotel Trust and gave the stock an “underperform” rating in a research report on Tuesday, May 6th. Finally, Raymond James set a $14.00 price objective on Pebblebrook Hotel Trust and gave the company an “outperform” rating in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $12.28.
Get Our Latest Research Report on Pebblebrook Hotel Trust
Pebblebrook Hotel Trust Stock Performance
Pebblebrook Hotel Trust (NYSE:PEB – Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The business had revenue of $320.27 million for the quarter, compared to analysts’ expectations of $311.74 million. Pebblebrook Hotel Trust had a return on equity of 0.13% and a net margin of 0.25%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.21 EPS. On average, analysts anticipate that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Pebblebrook Hotel Trust
Several hedge funds have recently added to or reduced their stakes in PEB. Fisher Asset Management LLC raised its holdings in shares of Pebblebrook Hotel Trust by 5.9% during the 4th quarter. Fisher Asset Management LLC now owns 572,994 shares of the real estate investment trust’s stock valued at $7,764,000 after buying an additional 31,677 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Pebblebrook Hotel Trust in the 4th quarter valued at $166,000. Nuveen Asset Management LLC boosted its stake in shares of Pebblebrook Hotel Trust by 82.3% in the 4th quarter. Nuveen Asset Management LLC now owns 2,345,333 shares of the real estate investment trust’s stock valued at $31,779,000 after purchasing an additional 1,058,664 shares in the last quarter. Entropy Technologies LP grew its holdings in shares of Pebblebrook Hotel Trust by 93.3% during the 4th quarter. Entropy Technologies LP now owns 54,880 shares of the real estate investment trust’s stock valued at $744,000 after purchasing an additional 26,487 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its position in Pebblebrook Hotel Trust by 8.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,713,156 shares of the real estate investment trust’s stock worth $90,964,000 after purchasing an additional 525,991 shares during the period.
About Pebblebrook Hotel Trust
Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels and resorts in the United States. The Company owns 47 hotels and resorts, totaling approximately 12,200 guest rooms across 13 urban and resort markets.
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