RBC Capital Believes Pebblebrook Hotel (NYSE: PEB) Won’t Stop Here

By Austin Angelo

In a report released yesterday, Wes Golladay from RBC Capital reiterated a Buy rating on Pebblebrook Hotel (NYSE: PEB), with a price target of $33. The company’s shares closed yesterday at $32.81, close to its 52-week high of $33.74.

According to TipRanks.com, Golladay is a 4-star analyst with an average return of 8.2% and a 70.5% success rate. Golladay covers the Financial sector, focusing on stocks such as Retail Opportunity Investments, General Growth Properties Inc, and Seritage Growth Properties.

Pebblebrook Hotel has an analyst consensus of Moderate Buy, with a price target consensus of $30.88.

The company has a one year high of $33.74 and a one year low of $23.56. Currently, Pebblebrook Hotel has an average volume of 885.2K.

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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.,00C7R7-E