Pebblebrook Hotel Trust (PEB) Earns “Buy” Rating from Barclays

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

Several other brokerages have also weighed in on PEB. Stifel Nicolaus reissued a hold rating and set a $36.50 price objective on shares of Pebblebrook Hotel Trust in a report on Sunday, December 3rd. Robert W. Baird set a $37.00 price objective on shares of Pebblebrook Hotel Trust and gave the stock a hold rating in a report on Friday, December 1st. Boenning Scattergood reissued a hold rating on shares of Pebblebrook Hotel Trust in a report on Wednesday, October 25th. Royal Bank of Canada reissued a buy rating and set a $35.00 price objective on shares of Pebblebrook Hotel Trust in a report on Wednesday, October 25th. Finally, Zacks Investment Research lowered shares of Pebblebrook Hotel Trust from a buy rating to a hold rating in a report on Friday, October 27th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $36.61.

Shares of Pebblebrook Hotel Trust (NYSE:PEB) opened at $38.30 on Friday. The firm has a market cap of $2,640.10, a price-to-earnings ratio of 14.39, a P/E/G ratio of 1.60 and a beta of 1.22. Pebblebrook Hotel Trust has a fifty-two week low of $26.21 and a fifty-two week 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.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders 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 dividend yield of 3.97%. Pebblebrook Hotel Trust’s payout ratio is currently 117.83%.

Institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. lifted its position in shares of Pebblebrook Hotel Trust by 156.1% in the 2nd quarter. Principal Financial Group Inc. now owns 2,516,668 shares of the real estate investment trust’s stock worth $81,137,000 after buying an additional 1,533,874 shares during the last quarter. Susquehanna International Group LLP lifted its position in shares of Pebblebrook Hotel Trust by 138.6% in the 2nd quarter. Susquehanna International Group LLP now owns 215,464 shares of the real estate investment trust’s stock worth $6,946,000 after buying an additional 125,153 shares during the last quarter. Chartwell Investment Partners LLC bought a new position in shares of Pebblebrook Hotel Trust in the 3rd quarter worth about $13,645,000. Aperio Group LLC lifted its position in shares of Pebblebrook Hotel Trust by 12.7% in the 2nd quarter. Aperio Group LLC now owns 11,406 shares of the real estate investment trust’s stock worth $368,000 after buying an additional 1,283 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Pebblebrook Hotel Trust by 6.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 736,660 shares of the real estate investment trust’s stock worth $23,750,000 after buying an additional 47,100 shares during the last quarter.

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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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