Several other research analysts have also weighed in on the company. Zacks Investment Research upgraded Criteo from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Tuesday. Capital One Financial initiated coverage on Summit Hotel Properties in a research report on Tuesday, June 25th. They issued an “equal weight” rating and a $13.00 price objective for the company. BTIG Research lowered their price objective on Host Hotels and Resorts from $24.00 to $20.50 and set a “buy” rating for the company in a research report on Thursday, June 27th. They noted that the move was a valuation call. Bank of America reiterated an “underperform” rating and issued a $44.00 price objective (down from $46.00) on shares of Stericycle in a research report on Wednesday, July 17th. Finally, Citigroup lowered OIL SEARCH LTD/ADR from a “neutral” rating to a “sell” rating in a research report on Thursday, March 28th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. Pebblebrook Hotel Trust has an average rating of “Hold” and an average price target of $35.33.
Shares of PEB stock traded up $0.58 during trading hours on Tuesday, reaching $27.18. The company had a trading volume of 863,600 shares, compared to its average volume of 1,137,789. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a fifty day simple moving average of $27.94. The firm has a market cap of $3.49 billion, a P/E ratio of 11.09, a price-to-earnings-growth ratio of 2.02 and a beta of 1.34. Pebblebrook Hotel Trust has a 12-month low of $26.39 and a 12-month high of $39.88.
A number of large investors have recently added to or reduced their stakes in the business. Arden Trust Co purchased a new position in shares of Pebblebrook Hotel Trust during the second quarter worth about $210,000. American Assets Investment Management LLC grew its holdings in shares of Pebblebrook Hotel Trust by 60.0% during the second quarter. American Assets Investment Management LLC now owns 40,000 shares of the real estate investment trust’s stock worth $1,127,000 after buying an additional 15,000 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Pebblebrook Hotel Trust by 18.6% during the second quarter. State of Alaska Department of Revenue now owns 50,560 shares of the real estate investment trust’s stock worth $1,423,000 after buying an additional 7,936 shares during the last quarter. State of New Jersey Common Pension Fund D grew its holdings in shares of Pebblebrook Hotel Trust by 17.0% during the second quarter. State of New Jersey Common Pension Fund D now owns 611,300 shares of the real estate investment trust’s stock worth $17,227,000 after buying an additional 89,000 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Pebblebrook Hotel Trust by 23.2% during the second quarter. Commonwealth Equity Services LLC now owns 9,825 shares of the real estate investment trust’s stock worth $276,000 after buying an additional 1,853 shares during the last quarter.
Pebblebrook Hotel Trust 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 61 hotels, totaling approximately 14,600 guest rooms, located in 10 states and the District of Columbia, including: Del Mar, California; Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Santa Cruz, California; Washington, DC; Coral Gables, Florida; Key West, Florida; Naples, Florida; Buckhead, Georgia; Chicago, Illinois; Boston, Massachusetts; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.
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