Cantor Fitzgerald Forecasts Strong Price Appreciation for Pebblebrook Hotel Trust (NYSE:PEB) Stock

Pebblebrook Hotel Trust (NYSE:PEB) had its price objective upped by investment analysts at Cantor Fitzgerald from $15.00 to $19.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Cantor Fitzgerald’s price target indicates a potential upside of 7.34% from the company’s current price.

A number of other equities research analysts also recently weighed in on PEB. Stifel Nicolaus boosted their target price on Pebblebrook Hotel Trust from $20.25 to $21.25 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Raymond James Financial reiterated an “outperform” rating and issued a $18.00 price objective on shares of Pebblebrook Hotel Trust in a research report on Monday, June 8th. Evercore set a $15.00 price target on shares of Pebblebrook Hotel Trust in a research note on Monday, April 27th. Morgan Stanley lifted their target price on shares of Pebblebrook Hotel Trust from $12.00 to $13.00 and gave the stock an “underweight” rating in a report on Friday, July 17th. Finally, LADENBURG THALM/SH SH upped their price objective on Pebblebrook Hotel Trust from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.44.

Pebblebrook Hotel Trust Stock Down 2.6%

NYSE:PEB opened at $17.70 on Tuesday. The stock’s fifty day moving average price is $18.49 and its two-hundred day moving average price is $15.05. Pebblebrook Hotel Trust has a 52-week low of $9.30 and a 52-week high of $19.93. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market cap of $2.00 billion, a price-to-earnings ratio of -25.65, a P/E/G ratio of 1.25 and a beta of 1.40.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC grew its position in Pebblebrook Hotel Trust by 32.8% in the fourth quarter. Quadrant Capital Group LLC now owns 3,220 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 796 shares in the last quarter. Amundi lifted its position in Pebblebrook Hotel Trust by 1.1% during the 4th quarter. Amundi now owns 81,472 shares of the real estate investment trust’s stock worth $922,000 after buying an additional 857 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Pebblebrook Hotel Trust by 33.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,465 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 865 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Pebblebrook Hotel Trust by 10.5% during the 2nd quarter. GAMMA Investing LLC now owns 11,876 shares of the real estate investment trust’s stock worth $231,000 after buying an additional 1,130 shares during the last quarter. Finally, Inspire Investing LLC boosted its position in Pebblebrook Hotel Trust by 4.9% during the fourth quarter. Inspire Investing LLC now owns 41,478 shares of the real estate investment trust’s stock worth $470,000 after purchasing an additional 1,931 shares during the period.

Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust (NYSE:PEB) is a real estate investment trust specializing in premium, high-barrier-to-entry hotel properties in gateway markets across the United States. Established in 2009, PEB focuses on lifestyle-oriented lodging assets that cater to business and leisure travelers seeking elevated experiences. The company’s investment strategy emphasizes select-service and full-service hotels with established brands and prime urban or resort locations.

PEB’s portfolio comprises more than 30 properties in major metropolitan areas including New York City, Los Angeles, Chicago, Miami and San Francisco.