Robert W. Baird Reiterates $37.00 Price Target for Pebblebrook Hotel Trust (PEB)

Pebblebrook Hotel Trust (NYSE:PEB) has been given a $37.00 price objective by Robert W. Baird in a research report issued to clients and investors on Friday, December 1st. The firm currently has a “hold” rating on the real estate investment trust’s stock. Robert W. Baird’s target price suggests a potential downside of 3.39% from the company’s current price.

PEB has been the subject of a number of other reports. Stifel Nicolaus restated a “hold” rating and set a $31.50 target price on shares of Pebblebrook Hotel Trust in a research report on Thursday, October 12th. Boenning Scattergood restated a “hold” rating on shares of Pebblebrook Hotel Trust in a research report on Wednesday, October 25th. Royal Bank of Canada reiterated a “buy” rating and issued a $35.00 price objective on shares of Pebblebrook Hotel Trust in a research report on Wednesday, October 25th. Barclays upped their price objective on shares of Pebblebrook Hotel Trust from $36.00 to $37.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 25th. Finally, Zacks Investment Research downgraded shares of Pebblebrook Hotel Trust from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $36.61.

Pebblebrook Hotel Trust (NYSE PEB) opened at $38.30 on Friday. The stock has a market cap of $2,640.00, a P/E ratio of 14.39, a P/E/G ratio of 1.60 and a beta of 1.22. 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 has a 1-year low of $26.21 and a 1-year high of $38.96.

Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings results on Monday, October 23rd. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.49. Pebblebrook Hotel Trust had a net margin of 12.98% and a return on equity of 6.63%. The business had revenue of $201.80 million for the quarter, compared to analyst estimates of $198.11 million. During the same period in the previous year, the company earned ($0.61) earnings per share. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. equities analysts predict that Pebblebrook Hotel Trust will post 2.51 EPS for the current year.

Several institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio lifted its holdings in shares of Pebblebrook Hotel Trust by 9.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 90,375 shares of the real estate investment trust’s stock worth $3,266,000 after acquiring an additional 7,901 shares during the last quarter. GSA Capital Partners LLP lifted its holdings in shares of Pebblebrook Hotel Trust by 35.2% in the 3rd quarter. GSA Capital Partners LLP now owns 17,506 shares of the real estate investment trust’s stock worth $633,000 after acquiring an additional 4,556 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Pebblebrook Hotel Trust in the 3rd quarter worth approximately $292,000. Jane Street Group LLC acquired a new position in shares of Pebblebrook Hotel Trust in the 3rd quarter worth approximately $234,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Pebblebrook Hotel Trust by 3.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,096,033 shares of the real estate investment trust’s stock worth $39,610,000 after acquiring an additional 36,357 shares during the last quarter.

WARNING: “Robert W. Baird Reiterates $37.00 Price Target for Pebblebrook Hotel Trust (PEB)” was originally published by Week Herald and is the property of of Week Herald. If you are accessing this article on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this article can be accessed at https://weekherald.com/2017/12/18/pebblebrook-hotel-trust-peb-given-a-37-00-price-target-by-robert-w-baird-analysts.html.

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.

Leave a Reply