Pebblebrook Hotel Stock Hits New 52-Week High (PEB)

NEW YORK ( TheStreet) -- Pebblebrook Hotel (NYSE: PEB) hit a new 52-week high Friday as it is currently trading at $23.82, above its previous 52-week high of $23.75 with 196,712 shares traded as of 11:59 a.m. ET. Average volume has been 478,700 shares over the past 30 days.

Pebblebrook Hotel has a market cap of $1.2 billion and is part of the financial sector and real estate industry. Shares are up 23.4% year to date as of the close of trading on Thursday.

Pebblebrook Hotel Trust, through Pebblebrook Hotel, L.P., operates as a real estate investment trust. The company acquires and invests primarily in hotel properties located in the United States. The company has a P/E ratio of 293.9, equal to the average real estate industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Pebblebrook Hotel as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Pebblebrook Hotel Ratings Report.

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