Is Pebblebrook Hotel Trust (NYSE:PEB) Now a ‘Buy’? Why did Credit Suisse Upgrade The Stock?

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Pebblebrook Hotel Trust (NYSE:PEB) Stock Upgrade

Credit Suisse hiked shares of Pebblebrook Hotel Trust (NYSE:PEB) from a Neutral rating to a solid Outperform in recent note issued on today.

From a total of 9 analysts covering Pebblebrook Hotel Trust (NYSE:PEB) stock, 7 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 64% of the ratings are positive. The highest target price is $46 while the lowest target price is $36. The mean of all analyst targets is $40.39 with a 46.55% above today’s ($29.43) stock price. Pebblebrook Hotel Trust was the topic of 16 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Barclays Capital maintained shares on October 26 with “Overweight” rating. Cowen & Co downgraded shares to “Market Perform” rating and $41 target share price in a report from a September 16. RBC Capital Markets maintained PEB stock in a recent report from October 26 with “Outperform” rating. Evercore maintained the rating on September 7. Evercore has a “Hold” rating and a $40 price target on shares. Finally, Stifel Nicolaus maintained the stock with “Buy” rating in a report issued on an October 23.

Approximately 174,208 shares of stock traded hands. Pebblebrook Hotel Trust (NYSE:PEB) has declined 31.07% since May 8, 2015 and is downtrending. It has underperformed by 28.06% the S&P500.

The overall sentiment of institutions has increased to 1.03 in Q2 2015. Its up 0.01, from 1.02 in 2015Q2. The ratio increased, as 30 institutions have sold all the shares of Pebblebrook Hotel Trust that they owned while 64 funds have taken shares off the table. 25 funds have purchased shares for the first time while 72 added to their positions. These institutions now hold 66.56 million shares or 12.03% less than the 75.66 million shares they owned in 2015Q2.

The Fund Harrison Street Securities Llc currently is holding shares equating to 1.98% of its total portfolio in Pebblebrook Hotel Trust representing a total of 18,888 shares. Another fund,Hood River Capital Management Llc, is holding a total of 322,794 shares equating to 1.59% of their holdings. Additionally, Silvercrest Asset Management Group Llc has a 1.97 million share stake in Pebblebrook Hotel Trust which represents 1.06% of their total portfolio. The Fund, Investment Counselors Of Maryland Llc, based out of Maryland, has also built up a stake in the stock, which represents a total of 1.01% of their total portfolio. Finally Phocas Financial Corp., a fund which is based in the state of California reported a total holdings of 316,016 shares.

Pebblebrook Hotel Trust is a hotel investment company. The company has a market cap of $2.13 billion. The Firm operates as a real estate investment trust . It has 34.68 P/E ratio. The Firm is engaged in acquiring and investing in hotel properties located primarily in cities of the United States.

According to Zacks Investment Research, “Pebblebrook Hotel Trust is an internally managed hotel investment company organized to acquire and invest in hotel properties located primarily in large United States cities with an emphasis on the major coastal markets. The Company may invest in resort properties located near its primary urban target markets, as well as in select destination markets. Pebblebrook Hotel Trust focuses on hotel properties in the lodging industry. In addition, the Company may seek to acquire service properties in its primary urban target markets.” Get a free copy of the Zacks research report on Pebblebrook Hotel Trust (PEB).

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