November 23, 2016 - By Winifred Garcia
The firm have set target price of $30.00 on Pebblebrook Hotel Trust (NYSE:PEB) shares. This is 9.45% from the current stock price. In a report issued on Wednesday, 23 November, Barclays reaffirmed their “Overweight” rating on shares of PEB.
Out of 10 analysts covering Pebblebrook Hotel Trust (NYSE:PEB), 3 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 30% are positive. $52 is the highest target while $27 is the lowest. The $36.13 average target is 31.81% above today’s ($27.41) stock price. Pebblebrook Hotel Trust has been the topic of 29 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Credit Suisse on Friday, December 11. The firm has “Outperform” rating given on Wednesday, March 23 by Credit Suisse. On Monday, January 4 the stock rating was maintained by RBC Capital Markets with “Outperform”. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, May 2 report. The stock has “Buy” rating given by Stifel Nicolaus on Thursday, September 17. The company was downgraded on Tuesday, January 19 by Ladenburg Thalmann. Barclays Capital maintained the stock with “Overweight” rating in Wednesday, July 27 report. Barclays Capital initiated the stock with “Overweight” rating in Tuesday, July 21 report. The rating was downgraded by Zacks to “Buy” on Wednesday, August 12. As per Monday, October 26, the company rating was maintained by Barclays Capital.
About 865,586 shares traded hands. Pebblebrook Hotel Trust (NYSE:PEB) has declined 1.04% since April 21, 2016 and is downtrending. It has underperformed by 6.37% the S&P500.
Insitutional Activity: The institutional sentiment decreased to 0.87 in Q2 2016. Its down 0.42, from 1.29 in 2016Q1. The ratio turned negative, as 10 funds sold all Pebblebrook Hotel Trust shares owned while 66 reduced positions. 31 funds bought stakes while 67 increased positions. They now own 79.70 million shares or 0.31% less from 79.96 million shares in 2016Q1.
The New York-based Sg Americas Secs Ltd Com has invested 0.01% in Pebblebrook Hotel Trust (NYSE:PEB). Alpine Woods Cap Limited Company has 0.03% invested in the company for 17,000 shares. California Employees Retirement System has 177,300 shares for 0.01% of their US portfolio. Kemper Corp Master Retirement Trust last reported 0.13% of its portfolio in the stock. California State Teachers Retirement System holds 0.01% or 150,225 shares in its portfolio. Shinko Asset Com Ltd has invested 0.14% of its portfolio in Pebblebrook Hotel Trust (NYSE:PEB). Lazard Asset Mgmt Limited Liability Co has 0% invested in the company for 46,147 shares. Teachers Retirement Systems Of The State Of Kentucky has 35,600 shares for 0.01% of their US portfolio. Sumitomo Mitsui Asset Mgmt accumulated 0.18% or 219,665 shares. Walleye Trading Lc has 363 shares for 0% of their US portfolio. Bank Of America De accumulated 0% or 536,843 shares. Moreover, Blackrock has 0.01% invested in Pebblebrook Hotel Trust (NYSE:PEB) for 150,073 shares. Prudential Financial, a New Jersey-based fund reported 28,538 shares. Smithfield accumulated 0.02% or 4,334 shares. Da Davidson And accumulated 1,537 shares or 0% of the stock.
Insider Transactions: Since June 13, 2016, the stock had 0 insider buys, and 3 sales for $1.73 million net activity. 43,424 shares were sold by BORTZ JON E, worth $1.24M on Monday, November 14. Martz Raymond D had sold 15,848 shares worth $400,399 on Monday, June 13. Shares for $95,920 were sold by Jackson Ron E. on Thursday, November 3.
Pebblebrook Hotel Trust is a hotel investment company. The company has a market cap of $2.02 billion. The Firm operates as a real estate investment trust . It has a 40.81 P/E ratio. The Firm is organized to acquire and invest in hotel properties located primarily in cities of the United States.
According to Zacks Investment Research, “Pebblebrook Hotel Trust is an internally managed hotel investment company organized to acquire and invest in hotel properties located primarily in large United States cities with an emphasis on the major coastal markets. The Company may invest in resort properties located near its primary urban target markets, as well as in select destination markets. Pebblebrook Hotel Trust focuses on hotel properties in the lodging industry. In addition, the Company may seek to acquire service properties in its primary urban target markets.”
Pebblebrook Hotel Trust, incorporated on October 2, 2009, is a hotel investment company. The Firm operates as a real estate investment trust (REIT). The Firm is organized to acquire and invest in hotel properties located primarily in cities of the United States. The Firm has interests in approximately 40 hotels, including over 30 owned hotels with a total of approximately 7,410 guest rooms, and approximately 49% joint venture interest in over six hotels with a total of approximately 1,790 guest rooms. The hotels are located in markets, including Atlanta (Buckhead), Georgia; Bethesda, Maryland; Boston, Massachusetts; Hollywood, California; Los Angeles, California; Miami, Florida; Naples, Florida; Minneapolis, Minnesota; Nashville, Tennessee; New York, New York; Philadelphia, Pennsylvania; Portland, Oregon; San Diego, California; San Francisco, California; Santa Monica, California; Seattle, Washington; Stevenson, Washington, and West Hollywood, California. The Company’s assets are held by, and all of the activities are conducted through, Pebblebrook Hotel, L.P. (the Operating Partnership).
More notable recent Pebblebrook Hotel Trust (NYSE:PEB) news were published by: Forbes.com which released: “Pebblebrook Hotel Trust Reaches Analyst Target Price” on October 11, 2016, also Fool.com with their article: “Pebblebrook Hotel Trust Earnings Outperform Low Expectations” published on October 28, 2016, Fool.com published: “Pebblebrook Hotel Trust Delivers Upper-Upscale Results” on July 26, 2016. More interesting news about Pebblebrook Hotel Trust (NYSE:PEB) were released by: Businesswire.com and their article: “Pebblebrook Hotel Trust Completes Separate Sales of Viceroy Miami, The Redbury …” published on June 01, 2016 as well as Fool.com‘s news article titled: “Pebblebrook Hotel Trust Reports Upscale Q1 Results” with publication date: April 28, 2016.
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