Stifel Nicolaus restated their hold rating on shares of Pebblebrook Hotel Trust (NYSE:PEB) in a research note published on Sunday. Stifel Nicolaus currently has a $36.50 price objective on the real estate investment trust’s stock.

Several other analysts also recently issued reports on PEB. BTIG Research raised Pebblebrook Hotel Trust from a neutral rating to a buy rating and set a $40.00 price target on the stock in a research note on Friday, September 22nd. ValuEngine raised Pebblebrook Hotel Trust from a hold rating to a buy rating in a research note on Friday, September 1st. Janney Montgomery Scott raised Pebblebrook Hotel Trust from a neutral rating to a buy rating and lifted their price target for the company from $31.00 to $40.00 in a research note on Wednesday, September 27th. Royal Bank Of Canada reissued a buy rating and issued a $35.00 price target on shares of Pebblebrook Hotel Trust in a research note on Wednesday, October 25th. Finally, Robert W. Baird set a $37.00 price target on Pebblebrook Hotel Trust and gave the company a hold rating in a research note on Friday, December 1st. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $36.39.

Shares of Pebblebrook Hotel Trust (NYSE:PEB) opened at $37.85 on Friday. The company has a market capitalization of $2,629.74, a price-to-earnings ratio of 14.34, a P/E/G ratio of 1.60 and a beta of 1.22. Pebblebrook Hotel Trust has a 12 month low of $26.21 and a 12 month high of $38.96. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.31 and a current ratio of 0.31.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings data on Monday, October 23rd. The real estate investment trust reported $0.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.49. The business had revenue of $201.80 million for the quarter, compared to the consensus estimate of $198.11 million. Pebblebrook Hotel Trust had a return on equity of 6.63% and a net margin of 12.98%. The firm’s revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.61) EPS. analysts expect that Pebblebrook Hotel Trust will post 2.51 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. First Mercantile Trust Co. grew its holdings in shares of Pebblebrook Hotel Trust by 1.7% in the 2nd quarter. First Mercantile Trust Co. now owns 3,680 shares of the real estate investment trust’s stock valued at $119,000 after acquiring an additional 60 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Pebblebrook Hotel Trust by 6.0% in the 2nd quarter. SG Americas Securities LLC now owns 4,401 shares of the real estate investment trust’s stock valued at $142,000 after acquiring an additional 249 shares in the last quarter. BB&T Corp bought a new position in shares of Pebblebrook Hotel Trust in the 3rd quarter valued at about $203,000. Stephens Inc. AR bought a new position in shares of Pebblebrook Hotel Trust in the 3rd quarter valued at about $208,000. Finally, GAM Holding AG grew its holdings in shares of Pebblebrook Hotel Trust by 2.3% in the 2nd quarter. GAM Holding AG now owns 5,892 shares of the real estate investment trust’s stock valued at $190,000 after acquiring an additional 134 shares in the last quarter.

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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.

Analyst Recommendations for Pebblebrook Hotel Trust (NYSE:PEB)

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