Evercore ISI Lowers Pebblebrook Hotel Trust (NYSE:PEB) Price Target to $11.00

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) had its target price dropped by stock analysts at Evercore ISI from $15.00 to $11.00 in a research report issued on Monday,Benzinga reports. The firm presently has an "in-line" rating on the real estate investment trust's stock. Evercore ISI's price target would suggest a potential upside of 20.02% from the stock's current price.

Several other equities research analysts also recently weighed in on PEB. StockNews.com downgraded shares of Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research note on Wednesday, March 5th. Wedbush downgraded shares of Pebblebrook Hotel Trust from a "neutral" rating to an "underperform" rating and set a $13.00 target price for the company. in a research report on Thursday, January 2nd. Stifel Nicolaus decreased their target price on shares of Pebblebrook Hotel Trust from $16.50 to $13.25 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Raymond James set a $14.00 target price on shares of Pebblebrook Hotel Trust and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Finally, Truist Financial decreased their target price on shares of Pebblebrook Hotel Trust from $14.00 to $13.00 and set a "hold" rating for the company in a research report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $13.28.

Pebblebrook Hotel Trust Trading Up 1.3 %

Shares of PEB stock traded up $0.12 during mid-day trading on Monday, reaching $9.17. 2,102,821 shares of the stock traded hands, compared to its average volume of 1,921,659. The stock's fifty day simple moving average is $10.03 and its two-hundred day simple moving average is $12.11. Pebblebrook Hotel Trust has a 1-year low of $7.41 and a 1-year high of $15.46. The company has a market cap of $1.09 billion, a price-to-earnings ratio of -31.60, a price-to-earnings-growth ratio of 0.60 and a beta of 1.69. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.03. Pebblebrook Hotel Trust had a net margin of 0.25% and a return on equity of 0.13%. During the same quarter in the previous year, the firm earned $0.21 earnings per share. The business's quarterly revenue was up 2.0% on a year-over-year basis. On average, research analysts anticipate that Pebblebrook Hotel Trust will post 1.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

A number of institutional investors have recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. grew its position in Pebblebrook Hotel Trust by 8.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,713,156 shares of the real estate investment trust's stock worth $90,964,000 after purchasing an additional 525,991 shares in the last quarter. Earnest Partners LLC boosted its stake in Pebblebrook Hotel Trust by 0.3% in the fourth quarter. Earnest Partners LLC now owns 4,936,306 shares of the real estate investment trust's stock valued at $66,887,000 after acquiring an additional 13,479 shares during the last quarter. Alyeska Investment Group L.P. boosted its stake in Pebblebrook Hotel Trust by 43.3% in the fourth quarter. Alyeska Investment Group L.P. now owns 4,167,770 shares of the real estate investment trust's stock valued at $56,473,000 after acquiring an additional 1,260,077 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Pebblebrook Hotel Trust by 19.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,956,436 shares of the real estate investment trust's stock valued at $40,061,000 after acquiring an additional 481,076 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Pebblebrook Hotel Trust by 3.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,504,751 shares of the real estate investment trust's stock valued at $33,939,000 after acquiring an additional 86,592 shares during the last quarter.

Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust NYSE: PEB is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels and resorts in the United States. The Company owns 47 hotels and resorts, totaling approximately 12,200 guest rooms across 13 urban and resort markets.