Pebblebrook Hotel Trust (NYSE:PEB) Downgraded to “Neutral” at BTIG Research

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BTIG Research downgraded shares of Pebblebrook Hotel Trust (NYSE:PEB) from a buy rating to a neutral rating in a report released on Thursday morning, AnalystRatings.com reports.

Other equities research analysts have also issued reports about the stock. Wells Fargo & Co reiterated a hold rating on shares of Pebblebrook Hotel Trust in a research note on Tuesday, July 23rd. Capital One Financial assumed coverage on shares of Pebblebrook Hotel Trust in a research note on Tuesday, June 25th. They set an overweight rating and a $35.00 price target on the stock. Bank of America lowered shares of Pebblebrook Hotel Trust from a buy rating to a neutral rating and cut their price target for the stock from $33.00 to $29.00 in a research note on Wednesday, July 17th. SunTrust Banks assumed coverage on shares of Pebblebrook Hotel Trust in a research note on Monday, May 6th. They set a hold rating and a $43.00 price target on the stock. Finally, Zacks Investment Research upgraded shares of Pebblebrook Hotel Trust from a sell rating to a hold rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $34.91.

Shares of PEB opened at $26.59 on Thursday. Pebblebrook Hotel Trust has a twelve month low of $25.64 and a twelve month high of $39.40. The firm’s fifty day simple moving average is $27.47 and its 200-day simple moving average is $30.13. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of 10.85, a PEG ratio of 1.97 and a beta of 1.34. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.65.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.02. Pebblebrook Hotel Trust had a negative net margin of 0.25% and a negative return on equity of 0.10%. The firm had revenue of $442.08 million for the quarter, compared to analyst estimates of $435.37 million. During the same period last year, the business earned $0.81 EPS. Pebblebrook Hotel Trust’s revenue for the quarter was up 114.1% compared to the same quarter last year. On average, analysts predict that Pebblebrook Hotel Trust will post 2.65 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the business. Harvest Fund Management Co. Ltd grew its position in Pebblebrook Hotel Trust by 266.7% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 1,100 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 800 shares during the last quarter. Dupont Capital Management Corp purchased a new position in Pebblebrook Hotel Trust during the 2nd quarter worth $37,000. Pearl River Capital LLC purchased a new position in Pebblebrook Hotel Trust during the 1st quarter worth $40,000. Ladenburg Thalmann Financial Services Inc. grew its position in Pebblebrook Hotel Trust by 35.5% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,220 shares of the real estate investment trust’s stock worth $91,000 after purchasing an additional 844 shares during the last quarter. Finally, Starr International Co. Inc. purchased a new stake in shares of Pebblebrook Hotel Trust in the first quarter valued at about $193,000.

Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust is a publicly traded real estate investment trust (“REIT”) organized to opportunistically acquire and invest primarily in upper upscale, full-service hotels located in urban markets in major gateway cities. The Company owns 61 hotels, totaling approximately 14,600 guest rooms, located in 10 states and the District of Columbia, including: Del Mar, California; Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Santa Cruz, California; Washington, DC; Coral Gables, Florida; Key West, Florida; Naples, Florida; Buckhead, Georgia; Chicago, Illinois; Boston, Massachusetts; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.

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Analyst Recommendations for Pebblebrook Hotel Trust (NYSE:PEB)

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