Pebblebrook Hotel Trust’s (PEB) “Hold” Rating Reiterated at Robert W. Baird

Robert W. Baird restated their hold rating on shares of Pebblebrook Hotel Trust (NYSE:PEB) in a report issued on Friday. Robert W. Baird currently has a $38.00 price target on the real estate investment trust’s stock.

Other research analysts also recently issued research reports about the stock. BTIG Research raised shares of Pebblebrook Hotel Trust from a neutral rating to a buy rating and set a $40.00 target price on the stock in a research report on Friday, September 22nd. Royal Bank of Canada reissued a buy rating and set a $35.00 target price on shares of Pebblebrook Hotel Trust in a research report on Wednesday, October 25th. Barclays reissued a buy rating and set a $39.00 target price on shares of Pebblebrook Hotel Trust in a research report on Friday, December 15th. Janney Montgomery Scott raised shares of Pebblebrook Hotel Trust from a neutral rating to a buy rating and raised their target price for the company from $31.00 to $40.00 in a research report on Wednesday, September 27th. Finally, Boenning Scattergood reissued a hold rating on shares of Pebblebrook Hotel Trust in a research report on Wednesday, October 25th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $36.72.

Pebblebrook Hotel Trust (NYSE:PEB) traded down $0.07 during mid-day trading on Friday, reaching $37.97. 514,700 shares of the company traded hands, compared to its average volume of 482,356. The stock has a market cap of $2,618.01, a P/E ratio of 29.43, a PEG ratio of 1.53 and a beta of 1.23. Pebblebrook Hotel Trust has a 52 week low of $26.21 and a 52 week high of $38.96. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.56.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its earnings results on Monday, October 23rd. The real estate investment trust reported $0.80 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 12.98% and a return on equity of 6.63%. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.61) EPS. analysts predict that Pebblebrook Hotel Trust will post 2.51 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date was Thursday, December 28th. Pebblebrook Hotel Trust’s payout ratio is currently 117.83%.

Several institutional investors have recently modified their holdings of the company. Kemper Corp Master Retirement Trust grew its position in shares of Pebblebrook Hotel Trust by 0.4% in the 2nd quarter. Kemper Corp Master Retirement Trust now owns 6,700 shares of the real estate investment trust’s stock worth $216,000 after buying an additional 25 shares during the last quarter. Federated Investors Inc. PA grew its position in shares of Pebblebrook Hotel Trust by 0.9% in the 2nd quarter. Federated Investors Inc. PA now owns 10,114 shares of the real estate investment trust’s stock worth $326,000 after buying an additional 87 shares during the last quarter. SG Americas Securities LLC grew its position 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 worth $142,000 after buying an additional 249 shares during the last quarter. M&T Bank Corp grew its position in shares of Pebblebrook Hotel Trust by 12.5% in the 2nd quarter. M&T Bank Corp now owns 8,848 shares of the real estate investment trust’s stock worth $286,000 after buying an additional 986 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its position in shares of Pebblebrook Hotel Trust by 11.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 11,956 shares of the real estate investment trust’s stock worth $385,000 after buying an additional 1,186 shares during 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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