Pebblebrook Hotel Trust (PEB) Receives “Buy” Rating from Barclays
Barclays reiterated their buy rating on shares of Pebblebrook Hotel Trust (NYSE:PEB) in a report released on Friday. They currently have a $39.00 price target on the real estate investment trust’s stock.
Other research analysts also recently issued reports about the company. BTIG Research raised Pebblebrook Hotel Trust from a neutral rating to a buy rating and set a $40.00 price objective on the stock in a research note on Friday, September 22nd. ValuEngine raised Pebblebrook Hotel Trust from a hold rating to a buy rating in a research note on Friday, September 1st. Janney Montgomery Scott raised Pebblebrook Hotel Trust from a neutral rating to a buy rating and boosted their price objective for the company from $31.00 to $40.00 in a research note on Wednesday, September 27th. Royal Bank of Canada reissued a buy rating and issued a $35.00 price objective on shares of Pebblebrook Hotel Trust in a research note on Wednesday, October 25th. Finally, Stifel Nicolaus reaffirmed a hold rating and issued a $36.50 target price on shares of Pebblebrook Hotel Trust in a research report on Sunday, December 3rd. 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 currently has a consensus rating of Hold and an average target price of $36.61.
Shares of Pebblebrook Hotel Trust (NYSE PEB) traded up $0.42 during trading hours on Friday, hitting $38.30. The stock had a trading volume of 953,794 shares, compared to its average volume of 529,372. The firm has a market cap of $2,611.81, a P/E ratio of 14.24, a price-to-earnings-growth ratio of 1.59 and a beta of 1.22. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.31 and a quick ratio of 0.31. Pebblebrook Hotel Trust has a 12 month low of $26.21 and a 12 month high of $38.96.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.97%. Pebblebrook Hotel Trust’s payout ratio is 117.83%.
A number of institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio increased its position in 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 valued at $3,266,000 after buying an additional 7,901 shares in the last quarter. GSA Capital Partners LLP increased its holdings in Pebblebrook Hotel Trust by 35.2% during the 3rd quarter. GSA Capital Partners LLP now owns 17,506 shares of the real estate investment trust’s stock worth $633,000 after purchasing an additional 4,556 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in Pebblebrook Hotel Trust during the 3rd quarter worth approximately $292,000. Jane Street Group LLC bought a new stake in Pebblebrook Hotel Trust during the 3rd quarter worth approximately $234,000. Finally, Dimensional Fund Advisors LP increased its holdings in Pebblebrook Hotel Trust by 3.4% during 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 purchasing an additional 36,357 shares in the last quarter.
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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.
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