Barclays Thinks Pebblebrook Hotel’s Stock is Going to Recover

By Carrie Williams

In a report issued on December 21, Anthony Powell from Barclays maintained a Buy rating on Pebblebrook Hotel (PEBResearch Report), with a price target of $38. The company’s shares closed on Friday at $27.55, close to its 52-week low of $27.33.

According to TipRanks.com, Powell is a 4-star analyst with an average return of 7.5% and a 59.3% success rate. Powell covers the Financial sector, focusing on stocks such as Host Hotels & Resorts, Chatham Lodging, and Sunstone Hotel.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Pebblebrook Hotel with a $38.50 average price target, representing a 39.7% upside. In a report issued on December 21, BTIG also maintained a Buy rating on the stock with a $42.50 price target.

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Based on Pebblebrook Hotel’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $29.71 million. In comparison, last year the company had a net profit of $30.34 million.

Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PEB in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Pebblebrook Hotel Trust is a real estate investment trust, which engages in the investments and acquisition in hotel properties. it includes cities in United States, such as Atlanta, Boston, Los Angeles, Miami, Minneapolis, Nashville, Naples, Philadelphia, Portland, Santa Monica, San Diego, San Francisco, Seattle, and Washington.