Pebblebrook Hotel Trust (NYSE:PEB) Stock Price Expected to Rise, Cantor Fitzgerald Analyst Says

Pebblebrook Hotel Trust (NYSE:PEB) had its price target hoisted by stock analysts at Cantor Fitzgerald from $19.00 to $23.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Cantor Fitzgerald‘s price objective suggests a potential upside of 5.72% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Citigroup boosted their target price on shares of Pebblebrook Hotel Trust from $15.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. Wells Fargo & Company increased their price target on shares of Pebblebrook Hotel Trust from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Monday, October 26th. Zacks Research upgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 20th. Raymond James Financial boosted their price objective on shares of Pebblebrook Hotel Trust from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Monday, September 28th. Finally, Morgan Stanley upped their price objective on Pebblebrook Hotel Trust from $14.00 to $15.00 and gave the stock an “underweight” rating in a research note on Thursday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $19.17.

Pebblebrook Hotel Trust Stock Performance

Shares of PEB stock opened at $21.75 on Tuesday. The company’s 50-day moving average is $19.36 and its 200 day moving average is $16.35. Pebblebrook Hotel Trust has a one year low of $10.46 and a one year high of $22.40. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of -24.72, a price-to-earnings-growth ratio of 1.05 and a beta of 1.45.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its quarterly earnings results on Thursday, October 29th. The real estate investment trust reported ($0.56) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.59). The firm had revenue of $402.75 million for the quarter, compared to the consensus estimate of $393.55 million. Pebblebrook Hotel Trust had a negative net margin of 4.55% and a negative return on equity of 2.73%. Pebblebrook Hotel Trust’s revenue was up 1.0% on a year-over-year basis. During the same period last year, the business earned $0.51 EPS. Sell-side analysts expect that Pebblebrook Hotel Trust will post 1.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Legal & General Group Plc bought a new position in Pebblebrook Hotel Trust during the second quarter valued at $36,905,000. Fisher Asset Management LLC lifted its holdings in shares of Pebblebrook Hotel Trust by 236.7% in the 3rd quarter. Fisher Asset Management LLC now owns 1,783,865 shares of the real estate investment trust’s stock worth $33,465,000 after acquiring an additional 1,254,004 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Pebblebrook Hotel Trust in the 2nd quarter worth about $18,729,000. Aberdeen Group plc lifted its holdings in shares of Pebblebrook Hotel Trust by 1,719.6% in the 3rd quarter. Aberdeen Group plc now owns 885,875 shares of the real estate investment trust’s stock worth $16,619,000 after acquiring an additional 837,189 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Pebblebrook Hotel Trust by 51.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,154,627 shares of the real estate investment trust’s stock worth $27,213,000 after purchasing an additional 736,078 shares during the period.

About Pebblebrook Hotel Trust