Pebblebrook Hotel (NYSE:PEB) shares hit a new 52-week high and low during trading on Monday . The company traded as low as $39.86 and last traded at $39.53, with a volume of 23718 shares traded. The stock had previously closed at $39.39.
PEB has been the subject of a number of recent research reports. ValuEngine upgraded Pebblebrook Hotel from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 15th. Robert W. Baird set a $37.00 price objective on Pebblebrook Hotel and gave the stock a “hold” rating in a research note on Tuesday, February 27th. Boenning Scattergood restated a “hold” rating on shares of Pebblebrook Hotel in a research note on Monday, February 26th. Finally, Zacks Investment Research upgraded Pebblebrook Hotel from a “hold” rating to a “strong-buy” rating and set a $40.00 price objective for the company in a research note on Wednesday, May 2nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $36.61.
The company has a debt-to-equity ratio of 0.56, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market capitalization of $2.74 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 2.99 and a beta of 1.21.
Pebblebrook Hotel (NYSE:PEB) last posted its quarterly earnings data on Thursday, February 22nd. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.32). Pebblebrook Hotel had a return on equity of 7.04% and a net margin of 13.83%. The company had revenue of $179.63 million for the quarter, compared to the consensus estimate of $178.07 million. sell-side analysts anticipate that Pebblebrook Hotel will post 2.66 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of PEB. Federated Investors Inc. PA lifted its stake in Pebblebrook Hotel by 302.0% in the first quarter. Federated Investors Inc. PA now owns 4,100 shares of the real estate investment trust’s stock worth $141,000 after purchasing an additional 3,080 shares during the last quarter. Xact Kapitalforvaltning AB bought a new stake in Pebblebrook Hotel in the fourth quarter worth $234,000. Lido Advisors LLC bought a new stake in Pebblebrook Hotel in the first quarter worth $245,000. Jane Street Group LLC purchased a new position in shares of Pebblebrook Hotel in the first quarter valued at about $254,000. Finally, Granite Springs Asset Management LLC purchased a new position in shares of Pebblebrook Hotel in the fourth quarter valued at about $282,000.
Pebblebrook Hotel 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 6,972 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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