Cantor Fitzgerald Increases Pebblebrook Hotel Trust (NYSE:PEB) Price Target to $19.00

Key Points

• Cantor Fitzgerald raised Pebblebrook Hotel Trust’s price target from $15 to $19 while maintaining a “neutral” rating, implying 7.34% upside from the previous close.
• Analyst sentiment remains mixed: PEB has an overall “Hold” consensus rating and an average price target of $17.44, though several firms recently raised targets and some maintain “Buy” ratings.
• Shares opened at $17.70, compared with a 52-week range of $9.30 to $19.93; the company has a market capitalization of approximately $2 billion.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) had its price objective increased by stock analysts at Cantor Fitzgerald from $15.00 to $19.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the real estate investment trust's stock. Cantor Fitzgerald's price target points to a potential upside of 7.34% from the stock's previous close.

Several other research firms have also weighed in on PEB. Zacks Research upgraded Pebblebrook Hotel Trust from a "hold" rating to a "strong-buy" rating in a report on Monday, June 15th. Evercore set a $15.00 target price on Pebblebrook Hotel Trust in a research report on Monday, April 27th. LADENBURG THALM/SH SH lifted their price target on shares of Pebblebrook Hotel Trust from $19.00 to $21.00 and gave the company a "neutral" rating in a research report on Friday, July 31st. Truist Financial boosted their price objective on shares of Pebblebrook Hotel Trust from $17.00 to $22.00 and gave the stock a "buy" rating in a research note on Monday, June 29th. Finally, Stifel Nicolaus raised their target price on shares of Pebblebrook Hotel Trust from $20.25 to $21.25 and gave the company a "buy" rating in a research note on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Pebblebrook Hotel Trust has an average rating of "Hold" and an average price target of $17.44.

Pebblebrook Hotel Trust Price Performance

NYSE PEB opened at $17.70 on Tuesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of -25.65, a price-to-earnings-growth ratio of 1.25 and a beta of 1.40. The company has a 50 day simple moving average of $18.49 and a 200-day simple moving average of $15.05. Pebblebrook Hotel Trust has a 52-week low of $9.30 and a 52-week high of $19.93.

Institutional Trading of Pebblebrook Hotel Trust

Institutional investors have recently made changes to their positions in the business. Quadrant Capital Group LLC raised its holdings in shares of Pebblebrook Hotel Trust by 32.8% in the 4th quarter. Quadrant Capital Group LLC now owns 3,220 shares of the real estate investment trust's stock worth $36,000 after buying an additional 796 shares in the last quarter. Amundi boosted its position in Pebblebrook Hotel Trust by 1.1% in the fourth quarter. Amundi now owns 81,472 shares of the real estate investment trust's stock valued at $922,000 after buying an additional 857 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Pebblebrook Hotel Trust by 33.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,465 shares of the real estate investment trust's stock worth $39,000 after buying an additional 865 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Pebblebrook Hotel Trust by 10.5% in the second quarter. GAMMA Investing LLC now owns 11,876 shares of the real estate investment trust's stock valued at $231,000 after acquiring an additional 1,130 shares during the last quarter. Finally, Inspire Investing LLC grew its position in Pebblebrook Hotel Trust by 4.9% during the 4th quarter. Inspire Investing LLC now owns 41,478 shares of the real estate investment trust's stock worth $470,000 after acquiring an additional 1,931 shares during the last quarter.

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust NYSE: PEB is a real estate investment trust specializing in premium, high-barrier-to-entry hotel properties in gateway markets across the United States. Established in 2009, PEB focuses on lifestyle-oriented lodging assets that cater to business and leisure travelers seeking elevated experiences. The company's investment strategy emphasizes select-service and full-service hotels with established brands and prime urban or resort locations.

PEB's portfolio comprises more than 30 properties in major metropolitan areas including New York City, Los Angeles, Chicago, Miami and San Francisco.

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