Pebblebrook Hotel Trust (PEB) : The consensus on Pebblebrook Hotel Trust (PEB) based on 10 analyst recommendation on the company stock is 2.6, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 5 which endorses a Strong Sell on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
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): The stock opened at $29.91 on Thursday but the bulls could not build on the opening and the stock topped out at $30.08 for the day. The stock traded down to $29.58 during the day, due to lack of any buying support eventually closed down at $29.73 with a loss of -0.30% for the day. The stock had closed at $29.82 on the previous day. The total traded volume was 584,103 shares.
In a related news, Martz Raymond D, officer (Exec VP, CFO, Treasurer, Secre) of Pebblebrook Hotel Trust, unloaded 15,848 shares at an average price of $25.26 on June 13, 2016. The total amount of the transaction was worth $400,320, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.