Stifel Nicolaus analyst Simon Yarmak maintained a Hold rating on Pebblebrook Hotel (PEB – Research Report) yesterday and set a price target of $15.00. The company’s shares closed yesterday at $15.83.
According to TipRanks, Yarmak is a 5-star analyst with an average return of 9.5% and a 57.65% success rate. Yarmak covers the Real Estate sector, focusing on stocks such as Kimco Realty, Equity Residential, and Realty Income.
In addition to Stifel Nicolaus, Pebblebrook Hotel also received a Hold from Wells Fargo’s Dori Kesten in a report issued on December 8. However, on December 20, Compass Point maintained a Buy rating on Pebblebrook Hotel (NYSE: PEB).
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Based on Pebblebrook Hotel’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $395.8 million and a GAAP net loss of $57.14 million. In comparison, last year the company earned a revenue of $416.69 million and had a net profit of $25.07 million
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is neutral on the stock.
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Pebblebrook Hotel (PEB) Company Description:
Pebblebrook Hotel Trust is a real estate investment trust, which engages in the investments and acquisition in hotel properties. Its hotels are located in the markets like: Atlanta, Georgia; Boston, Massachusetts; Chicago, Illinois; Key West, Florida; Miami, Los Angeles, Naples, Nashville, Tennessee; New York, Philadelphia, Pennsylvania; Portland, Oregon; San Diego, California; San Francisco, Seattle, Stevenson, and Washington, D.C. The company was founded by Jon E. Bortz on October 2, 2009 and is headquartered in Bethesda, MD.
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