Analyst Rating Update on Pebblebrook Hotel Trust (PEB)

Pebblebrook Hotel Trust (NYSE:PEB) : Zacks Investment Research ranks Pebblebrook Hotel Trust (NYSE:PEB) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 9 research analysts is 2.11, which indicates as a Buy.

Pebblebrook Hotel Trust (NYSE:PEB) : Average target price received by Pebblebrook Hotel Trust (NYSE: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): stock turned positive on Tuesday. Though the stock opened at $24.35, the bulls momentum made the stock top out at $25.51 level for the day. The stock recorded a low of $24.35 and closed the trading day at $24.84, in the green by 3.37%. The total traded volume for the day was 900,998. The stock had closed at $24.03 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Martz Raymond D, officer (Exec VP, CFO, Treasurer, Secre) of Pebblebrook Hotel Trust, had unloaded 15,848 shares at an average price of $25.26 in a transaction dated on June 13, 2016. The total value of the transaction was worth $400,320.

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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