Pebblebrook Hotel Trust (PEB) has an average broker rating of 2.11, which is interpreted as a Buy, as rated by 9 equity analysts. Nonetheless, 4 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 2 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) : Average target price received by Pebblebrook Hotel Trust (PEB) is $29.19 with an expected standard deviation of $7.47. The most aggressive target on the stock is $38, whereas the most downbeat target is $14. 8 financial analysts are currently covering the stock.
For the current week, the company shares have a recommendation consensus of Buy.
Pebblebrook Hotel Trust (NYSE:PEB): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.73 and $27.68 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.71. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.69, notching a gain of 4.37% for the day. The total traded volume was 1,226,900 . The stock had closed at $27.49 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.