Barclays Reaffirms Their Buy Rating on Pebblebrook Hotel

By Austin Angelo

Barclays analyst Felicia Hendrix maintained a Buy rating on Pebblebrook Hotel (NYSE: PEB) on June 26 and set a price target of $35. The company’s shares closed yesterday at $33.36, close to its 52-week high of $33.78.

According to TipRanks.com, Hendrix is a 4-star analyst with an average return of 4.9% and a 62.0% success rate. Hendrix covers the Services sector, focusing on stocks such as Marriott International, Pinnacle Entertainment, and Norwegian Cruise Line.

Currently, the analyst consensus on Pebblebrook Hotel is Moderate Buy and the average price target is $31.63, representing a -5.2% downside.

In a report issued on June 23, RBC Capital also reiterated a Buy rating on the stock with a $33 price target.

Pebblebrook Hotel’s market cap is currently $2.33B and has a P/E ratio of 48.35. The company has a book value ratio of 1.5248.

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Pebblebrook Hotel Trust operates as a real estate investment trust. It invests, manages, and operates motels, hotels, and resorts. The company was founded by Jon E. Bortz on October 2, 2009 and is headquartered in Bethesda, MD.