Stifel Nicolaus reiterated their hold rating on shares of Pebblebrook Hotel Trust (NYSE:PEB) in a research report report published on Thursday morning. Stifel Nicolaus currently has a $31.50 price target on the real estate investment trust’s stock.

Several other analysts have also recently commented on PEB. Robert W. Baird cut Pebblebrook Hotel Trust from an outperform rating to a neutral rating and set a $34.00 target price on the stock. in a report on Monday, October 2nd. Janney Montgomery Scott upgraded Pebblebrook Hotel Trust from a neutral rating to a buy rating and upped their target price for the company from $31.00 to $40.00 in a report on Wednesday, September 27th. Zacks Investment Research upgraded Pebblebrook Hotel Trust from a hold rating to a strong-buy rating and set a $41.00 target price on the stock in a report on Wednesday, September 27th. BTIG Research upgraded Pebblebrook Hotel Trust from a neutral rating to a buy rating and set a $40.00 target price on the stock in a report on Friday, September 22nd. Finally, ValuEngine upgraded Pebblebrook Hotel Trust from a hold rating to a buy rating in a report on Friday, September 1st. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Pebblebrook Hotel Trust has an average rating of Hold and a consensus target price of $35.06.

Pebblebrook Hotel Trust (PEB) opened at 37.18 on Thursday. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 135.20 and a beta of 1.26. The stock has a 50 day moving average of $34.82 and a 200 day moving average of $32.44. Pebblebrook Hotel Trust has a 52 week low of $23.56 and a 52 week high of $37.42.

Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.08. The company had revenue of $205.72 million for the quarter, compared to analysts’ expectations of $199.30 million. Pebblebrook Hotel Trust had a return on equity of 2.59% and a net margin of 5.09%. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.81 earnings per share. Equities research analysts predict that Pebblebrook Hotel Trust will post $1.07 earnings per share for the current fiscal year.

WARNING: This piece of content was reported by Daily Political and is the property of of Daily Political. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.dailypolitical.com/2017/10/16/pebblebrook-hotel-trust-peb-given-hold-rating-at-stifel-nicolaus.html.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date of this dividend is Thursday, September 28th. Pebblebrook Hotel Trust’s payout ratio is 506.68%.

Pebblebrook Hotel Trust declared that its board has initiated a share repurchase program on Thursday, July 27th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to repurchase up to 4.4% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Several institutional investors have recently bought and sold shares of PEB. BlackRock Inc. boosted its holdings in shares of Pebblebrook Hotel Trust by 4,493.2% during the 1st quarter. BlackRock Inc. now owns 7,499,473 shares of the real estate investment trust’s stock worth $219,060,000 after buying an additional 7,336,199 shares in the last quarter. Brookfield Asset Management Inc. boosted its holdings in shares of Pebblebrook Hotel Trust by 3,466.2% during the 1st quarter. Brookfield Asset Management Inc. now owns 3,551,910 shares of the real estate investment trust’s stock worth $103,751,000 after buying an additional 3,452,310 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Pebblebrook Hotel Trust by 156.1% during the 2nd quarter. Principal Financial Group Inc. now owns 2,516,668 shares of the real estate investment trust’s stock worth $81,137,000 after buying an additional 1,533,874 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in shares of Pebblebrook Hotel Trust during the 2nd quarter worth approximately $19,701,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Pebblebrook Hotel Trust by 10.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,476,191 shares of the real estate investment trust’s stock worth $189,169,000 after buying an additional 586,816 shares in the last quarter.

Pebblebrook Hotel Trust Company Profile

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)

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.