Barclays reiterated their buy rating on shares of Pebblebrook Hotel Trust (NYSE:PEB) in a research report report published on Friday morning. Barclays currently has a $39.00 price target on the real estate investment trust’s stock.

Several other equities analysts have also weighed in on PEB. ValuEngine upgraded Pebblebrook Hotel Trust from a hold rating to a buy rating in a report on Friday, September 1st. BTIG Research upgraded 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. Zacks Investment Research upgraded 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. Janney Montgomery Scott upgraded Pebblebrook Hotel Trust from a neutral rating to a buy rating and lifted their price objective for the stock from $31.00 to $40.00 in a research note on Wednesday, September 27th. Finally, Robert W. Baird lowered Pebblebrook Hotel Trust from an outperform rating to a neutral rating and set a $34.00 price objective on the stock. in a research note on Monday, October 2nd. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. Pebblebrook Hotel Trust presently has an average rating of Hold and an average target price of $36.61.

Pebblebrook Hotel Trust (PEB) opened at $38.89 on Friday. Pebblebrook Hotel Trust has a 1-year low of $26.21 and a 1-year high of $38.96. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $2,640.10, a PE ratio of 14.39, a price-to-earnings-growth ratio of 1.60 and a beta of 1.22.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its earnings results on Monday, October 23rd. The real estate investment trust reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.49. Pebblebrook Hotel Trust had a return on equity of 6.63% and a net margin of 12.98%. The company had revenue of $201.80 million for the quarter, compared to analyst estimates of $198.11 million. During the same period last year, the company earned ($0.61) earnings per share. The business’s revenue was down 3.4% compared to the same quarter last year. equities research analysts anticipate that Pebblebrook Hotel Trust will post 2.51 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.91%. Pebblebrook Hotel Trust’s payout ratio is presently 117.83%.

Several institutional investors have recently bought and sold shares of PEB. First Mercantile Trust Co. grew its position 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 in the last quarter. SG Americas Securities LLC grew its position in Pebblebrook Hotel Trust by 6.0% during the second 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 in the last quarter. GAM Holding AG grew its position in Pebblebrook Hotel Trust by 2.3% during the second quarter. GAM Holding AG now owns 5,892 shares of the real estate investment trust’s stock worth $190,000 after buying an additional 134 shares in the last quarter. BB&T Corp acquired a new stake in Pebblebrook Hotel Trust during the third quarter worth about $203,000. Finally, Stephens Inc. AR acquired a new stake in Pebblebrook Hotel Trust during the third quarter worth about $208,000.

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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.

Analyst Recommendations for Pebblebrook Hotel Trust (NYSE:PEB)

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