Pebblebrook Hotel Trust (NYSE:PEB) stock has received a short term price target of $ 29.31 from 8 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $7.54. The higher estimate of target price is $38 , while the lower price target estimate is $14
Many analysts have stated their opinion on the company shares. Stifel Nicolaus assumes its view on Pebblebrook Hotel Trust (NYSE:PEB) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. The rating by the firm was issued on March 29, 2016. For the current week, the company shares have a recommendation consensus of Buy.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Martz Raymond D, officer (Exec VP, CFO, Treasurer, Secre) of Pebblebrook Hotel Trust, had unloaded 16,985 shares at an average price of $49.42 in a transaction dated on March 2, 2015. The total value of the transaction was worth $839,399.
Pebblebrook Hotel Trust (NYSE:PEB) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.52 points or 2.02% at $25.24 with 937,280 shares getting traded. Post opening the session at $25.72, the shares hit an intraday low of $25.17 and an intraday high of $26.18 and the price was in this range throughout the day. The company has a market cap of $1,819 million and the number of outstanding shares have been calculated to be 72,057,540 shares. The 52-week high of Pebblebrook Hotel Trust (NYSE:PEB) is $46.66 and the 52-week low is $20.51.
Pebblebrook Hotel Trust is a hotel investment company. The Company operates as a real estate investment trust (REIT). The Company is engaged in acquiring and investing in hotel properties located primarily in cities of the United States. It owns interests in around 35 hotels, including 29 wholly owned hotels with a total of 6,948 guest rooms and a 49% joint venture interest in six hotels with a total of 1,775 guest rooms. The hotels are located in markets, including Atlanta (Buckhead), Georgia; Bethesda, Maryland; Boston, Massachusetts; Hollywood, California; Los Angeles, California; Miami, 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; Washington, D.C., and Westwood, California, among others. The Companys assets are held by, and the operations are conducted through Pebblebrook Hotel, L.P.