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

By Carrie Williams

In a report issued on December 13, Felicia Hendrix from Barclays maintained a Buy rating on Pebblebrook Hotel (NYSE: PEB), with a price target of $39. The company’s shares opened today at $37.99, close to its 52-week high of $38.96.

According to TipRanks.com, Hendrix is a 4-star analyst with an average return of 8.1% and a 60.9% success rate. Hendrix covers the Services sector, focusing on stocks such as Marriott International, Pinnacle Entertainment, and Norwegian Cruise Line.

Pebblebrook Hotel has an analyst consensus of Moderate Buy, with a price target consensus of $38.36.

Pebblebrook Hotel’s market cap is currently $2.61B and has a P/E ratio of 29.36. The company has a book value ratio of 1.7249.

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