Shares of Pebblebrook Hotel Trust (NYSE:PEB) have been assigned an average rating of “Buy” from the eight research firms that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $38.20.

Several analysts have issued reports on the stock. Robert W. Baird set a $38.00 target price on shares of Pebblebrook Hotel Trust and gave the stock a “hold” rating in a research note on Wednesday, October 10th. Zacks Investment Research upgraded shares of Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research note on Saturday, November 3rd. Stifel Nicolaus upgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Monday, November 12th. Bank of America reiterated a “buy” rating and issued a $36.00 target price on shares of Pebblebrook Hotel Trust in a research note on Monday, October 29th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $40.00 target price on shares of Pebblebrook Hotel Trust in a research note on Wednesday, August 15th.

NYSE PEB traded down $1.20 on Friday, hitting $34.53. The stock had a trading volume of 5,422,500 shares, compared to its average volume of 1,117,657. Pebblebrook Hotel Trust has a 52-week low of $31.05 and a 52-week high of $41.65. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market capitalization of $2.42 billion, a PE ratio of 13.44, a P/E/G ratio of 2.66 and a beta of 1.21.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Thursday, November 29th will be given a dividend of $0.2478 per share. This represents a $0.99 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Wednesday, November 28th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is currently 38.52%.

Several institutional investors have recently bought and sold shares of PEB. Cohen & Steers Inc. raised its position in shares of Pebblebrook Hotel Trust by 149.9% during the 3rd quarter. Cohen & Steers Inc. now owns 10,378,746 shares of the real estate investment trust’s stock valued at $377,475,000 after buying an additional 6,224,806 shares in the last quarter. Earnest Partners LLC purchased a new stake in shares of Pebblebrook Hotel Trust during the 2nd quarter valued at $69,522,000. Daiwa Securities Group Inc. raised its position in shares of Pebblebrook Hotel Trust by 43.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 4,735,817 shares of the real estate investment trust’s stock valued at $172,242,000 after buying an additional 1,431,575 shares in the last quarter. Long Pond Capital LP purchased a new stake in shares of Pebblebrook Hotel Trust during the 2nd quarter valued at $39,242,000. Finally, Adelante Capital Management LLC purchased a new stake in shares of Pebblebrook Hotel Trust during the 3rd quarter valued at $31,895,000.

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 28 hotels, with a total of 6,973 guest rooms. The Company owns hotels located in 9 states and the District of Columbia, including: Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Washington, DC; Coral Gables, Florida; Naples, Florida; Buckhead, Georgia; Boston, Massachusetts; Minneapolis, Minnesota; 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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