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Pebblebrook Hotel Trust Raised to ‘Hold’ by Zacks

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Mondrian Hotel West Hollywood

Zacks Investment Research upgraded shares of Pebblebrook Hotel Trust from a sell rating to a hold rating in a report issued on Wednesday morning, Zacks.com reports.

Pebblebrook is one of the largest hotel operators in West Hollywood, owning the Grafton, Le Parc Suites, Montrose, Mondrian and Chamberlain hotels in the city. The company also owns Hotel Palomar and the W hotel in Westwood, and the Viceroy and Le Meridian Delfina in Santa Monica.

Other analysts are fairly lukewarm on the company, according to the Dispatch Tribunal:

Other research analysts also recently issued reports about the stock. BTIG Research decreased their price target on shares of Pebblebrook Hotel Trust from $42.50 to $35.00 and set a buy rating on the stock in a research note on Thursday, June 27th. They noted that the move was a valuation call. Bank of America cut shares of Pebblebrook Hotel Trust from a buy rating to a neutral rating and cut their target price for the stock from $33.00 to $29.00 in a report on Wednesday, July 17th. Capital One Financial began coverage on shares of Pebblebrook Hotel Trust in a report on Tuesday, June 25th. They issued an overweight rating and a $35.00 target price on the stock. Wells Fargo & Co restated a hold rating on shares of Pebblebrook Hotel Trust in a report on Tuesday, July 23rd. Finally, SunTrust Banks began coverage on shares of Pebblebrook Hotel Trust in a report on Monday, May 6th. They issued a hold rating and a $43.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. Pebblebrook Hotel Trust presently has an average rating of Hold and an average price target of $35.33.

Continue reading at www.dispatchtribunal.com

Author: Staff

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