Analyst Rating Update on Pebblebrook Hotel Trust (PEB)

Pebblebrook Hotel Trust (PEB) : 2 brokerage houses believe that Pebblebrook Hotel Trust (PEB) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Pebblebrook Hotel Trust (PEB). Zacks Investment Research suggests a Strong Sell with a rank of 5. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 10 Wall Street Analysts endorse the stock as a Hold with a rating of 2.6.

Pebblebrook Hotel Trust (PEB) : The most positive equity analysts on Pebblebrook Hotel Trust (PEB) expects the shares to touch $33, whereas, the least positive believes that the stock will trade at $14 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $28.19 with an expected fluctuation of $6.39 from the mean.

Company shares have received an average consensus rating of Hold for the current week


Pebblebrook Hotel Trust (NYSE:PEB): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.85 and $29.62 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.38. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.00, notching a gain of 0.33% for the day. The total traded volume was 777,307 . The stock had closed at $29.90 on the previous day.

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.

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