Robert W. Baird set a $37.00 target price on Pebblebrook Hotel Trust (NYSE:PEB) in a report published on Friday morning. The brokerage currently has a hold rating on the real estate investment trust’s stock.

PEB has been the topic of a number of other reports. Stifel Nicolaus reaffirmed a hold rating and issued a $34.50 price target (up from $31.50) on shares of Pebblebrook Hotel Trust in a research note on Tuesday, October 24th. ValuEngine raised Pebblebrook Hotel Trust from a hold rating to a buy rating in a research note on Friday, September 1st. Zacks Investment Research raised Pebblebrook Hotel Trust from a hold rating to a strong-buy rating and set a $41.00 price objective on the stock in a research note on Wednesday, September 27th. Barclays boosted their price objective on Pebblebrook Hotel Trust from $36.00 to $37.00 and gave the stock an overweight rating in a research note on Wednesday, October 25th. Finally, Royal Bank Of Canada reissued a buy rating and set a $35.00 price objective on shares of Pebblebrook Hotel Trust in a research note on Wednesday, October 25th. Three equities research 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 company presently has an average rating of Hold and a consensus price target of $36.39.

Shares of Pebblebrook Hotel Trust (NYSE:PEB) opened at $38.14 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market capitalization of $2,602.16, a P/E ratio of 14.19, a PEG ratio of 1.58 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.

Pebblebrook Hotel Trust (NYSE:PEB) last issued 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 Zacks’ consensus estimate of $0.31 by $0.49. The firm had revenue of $201.80 million for the quarter, compared to analyst estimates of $198.11 million. Pebblebrook Hotel Trust had a return on equity of 6.63% and a net margin of 12.98%. The business’s revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.61) earnings per share. research analysts predict that Pebblebrook Hotel Trust will post 2.51 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PEB. First Mercantile Trust Co. boosted its stake in Pebblebrook Hotel Trust by 1.7% during the second quarter. First Mercantile Trust Co. now owns 3,680 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 60 shares during the last quarter. SG Americas Securities LLC lifted its stake 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 purchasing an additional 249 shares during the last quarter. GAM Holding AG lifted its stake 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 purchasing an additional 134 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Pebblebrook Hotel Trust by 8.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 6,410 shares of the real estate investment trust’s stock valued at $200,000 after purchasing an additional 510 shares during the last quarter. Finally, BB&T Corp acquired a new position in shares of Pebblebrook Hotel Trust in the 3rd quarter valued at $203,000.

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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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