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.
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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