Pebblebrook Hotel Trust (PEB) has an average broker rating of 2.6, which is interpreted as a Hold, as rated by 10 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.
Pebblebrook Hotel Trust (PEB) : The highest level Pebblebrook Hotel Trust (PEB) is projected to reach is $32 for the short term and the lowest estimate is at $14. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $27.5 and the possibility the share price can swing is $6.58.
Also, BTIG Research initiates coverage on Pebblebrook Hotel Trust (NYSE:PEB). The current rating of the shares is Neutral, according to the research report released by the firm. The rating by the firm was issued on August 25, 2016.
Pebblebrook Hotel Trust (NYSE:PEB): After opening at $26.99, the stock dipped to an intraday low of $26.88 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $27.6 and the buying power remained strong till the end. The stock closed at $27.3 for the day, a gain of 0.81% for the day session. The total traded volume was 628,632. The stocks close on the previous trading day was $27.08.
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.