Shares of Pebblebrook Hotel Trust (NYSE:PEB) saw strong trading volume on Thursday . 1,067,118 shares traded hands during trading, an increase of 38% from the previous session’s volume of 775,409 shares.The stock last traded at $29.95 and had previously closed at $30.04.

Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research note on Wednesday. BTIG Research started coverage on shares of Pebblebrook Hotel Trust in a research note on Thursday, August 25th. They issued a “neutral” rating for the company. Barclays PLC set a $32.00 price objective on shares of Pebblebrook Hotel Trust and gave the stock a “buy” rating in a research note on Wednesday, July 27th. Wells Fargo & Co. downgraded shares of Pebblebrook Hotel Trust from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 26th. Finally, Credit Suisse Group AG downgraded shares of Pebblebrook Hotel Trust from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $30.00 to $29.00 in a research note on Thursday, July 21st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $33.10.

The company has a market cap of $2.13 billion and a PE ratio of 17.29. The firm’s 50 day moving average price is $29.93 and its 200 day moving average price is $27.64.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings data on Monday, July 25th. The real estate investment trust reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.06. During the same period in the previous year, the business posted $0.72 EPS. The company had revenue of $212.27 million for the quarter, compared to analysts’ expectations of $212.93 million. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities research analysts predict that Pebblebrook Hotel Trust will post $2.71 EPS for the current fiscal year.

In related news, CFO Raymond D. Martz sold 15,848 shares of the stock in a transaction that occurred on Tuesday, June 14th. The shares were sold at an average price of $25.26, for a total transaction of $400,320.48. Following the completion of the transaction, the chief financial officer now owns 177,526 shares of the company’s stock, valued at approximately $4,484,306.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

An institutional investor recently raised its position in Pebblebrook Hotel Trust stock. BlackRock Advisors LLC increased its position in Pebblebrook Hotel Trust (NYSE:PEB) by 134.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 825,962 shares of the real estate investment trust’s stock after buying an additional 474,147 shares during the period. BlackRock Advisors LLC owned 1.15% of Pebblebrook Hotel Trust worth $23,143,000 as of its most recent filing with the SEC.

Pebblebrook Hotel Trust is a hotel investment company. The Company operates as a real estate investment trust (REIT). The Company is engaged in acquiring and investing in hotel properties located primarily in cities of the United States. It owns interests in around 35 hotels, including 29 wholly owned hotels with a total of 6,948 guest rooms and a 49% joint venture interest in six hotels with a total of 1,775 guest rooms.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.