Pebblebrook Hotel Trust (NYSE: PEB) raised to “buy” from Zacks Investment Research

Pebblebrook Hotel Trust (NYSE: PEB) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, Zacks.com reports. The brokerage firm currently has a target price of $ 26.00 on the shares of the REIT. Zacks Investment Research’s price target suggests a potential rise of 14.04% from the current share price.

According to Zacks, “Pebblebrook Hotel Trust is an internally managed hotel investment firm organized to acquire and invest in hotel properties located primarily in major cities across the United States with a focus on major coastal markets. The Company may invest in resort properties located close to its primary urban target markets, as well as in certain destination markets. Pebblebrook Hotel Trust focuses on hotel properties in the accommodation industry. In addition, the Company may seek to acquire service properties in its main urban target markets. “

Other analysts have also recently published research reports on the stock. Citigroup lowered its price target on Pebblebrook Hotel Trust shares from $ 26.00 to $ 25.00 and set the stock “neutral” rating in a report released on Wednesday, October 6. Robert W. Baird reaffirmed a “hold” rating and issued a price target of $ 26.00 on Pebblebrook Hotel Trust shares in a report released on Friday, September 10. Four investment analysts gave the stock a conservation rating and four gave the company a buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $ 24.57.

(A d)

The $ 11.85 million global healthcare space was waiting for technology like this. Find out why this health disruptor and groundbreaking AI are the wave of the future.

NYSE: PEB opened at $ 22.80 on Wednesday. Pebblebrook Hotel Trust has a 52 week low of $ 11.68 and a 52 week high of $ 26.42. The company has a fifty-day simple moving average of $ 21.99 and a two-hundred-day simple moving average of $ 22.87. The company has a quick ratio of 1.41, a current ratio of 1.41, and a debt ratio of 0.70. The company has a market cap of $ 3.00 billion, a price-to-earnings ratio of -6.51 and a beta of 2.04.

Pebblebrook Hotel Trust (NYSE: PEB) last released its results on Thursday, July 29. The REIT reported ($ 0.07) of BPA for the quarter, exceeding Thomson Reuters consensus estimate of ($ 0.11) by $ 0.04. Pebblebrook Hotel Trust recorded a negative return on equity of 12.94% and a negative net margin of 106.05%. On average, analysts expect Pebblebrook Hotel Trust to post an EPS of -0.46 for the current year.

Meanwhile, CEO Jon E. Bortz sold 20,000 shares of the company in a transaction on Wednesday, September 29. The shares were sold for an average price of $ 24.75, for a total value of $ 495,000.00. The sale was disclosed in a legal file with the Securities & Exchange Commission, accessible through the SEC website. 1.90% of the shares are owned by company insiders.

Several hedge funds have recently bought and sold shares of PEB. Cullen Frost Bankers Inc. acquired a new position in Pebblebrook Hotel Trust in the second quarter valued at $ 30,000. Eaton Vance Management purchased a new position in shares of Pebblebrook Hotel Trust during the first quarter valued at approximately $ 33,000. Harbor Investment Advisory LLC strengthened its position in Pebblebrook Hotel Trust by 30.7% in the 3rd quarter. Harbor Investment Advisory LLC now owns 1,891 real estate investment trust shares valued at $ 42,000 after acquiring 444 additional shares during the period. Penserra Capital Management LLC acquired a new stake in Pebblebrook Hotel Trust during the second quarter for a value of approximately $ 43,000. Finally, William Blair Investment Management LLC acquired a new stake in Pebblebrook Hotel Trust during the second quarter for a value of approximately $ 49,000.

Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust is a real estate investment company, which engages in the investments and acquisition of hotel properties. Its hotels are located in markets such as: Atlanta, Georgia; Boston, Massachusetts; Chicago, Illinois; Key West, Florida; Miami, Los Angeles, Naples, Nashville, Tennessee; New York, Philadelphia, Pennsylvania; Portland, Oregon; San Diego, California; San Francisco, Seattle, Stevenson and Washington, DC The company was founded by Jon E.

Further Reading: Why Does the United States Have a Persistent Trade Deficit?

Get a free copy of Zacks’ research report on Pebblebrook Hotel Trust (PEB)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

Analyst Recommendations for Pebblebrook Hotel Trust (NYSE: PEB)

This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in Pebblebrook Hotel Trust now?

Before you consider Pebblebrook Hotel Trust, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold of… and Pebblebrook Hotel Trust was not on the list.

While Pebblebrook Hotel Trust currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bets.

See the 5 actions here

About Elizabeth Smith

Check Also

The UK’s worst hotels revealed

The Grand Hotel de Britannia in Llandudno, Wales. Britannia has been named the UK’s worst …