In recent trading, shares of Pebblebrook Hotel Trust (Symbol: PEB) have crossed above the average analyst 12-month target price of $14.52, changing hands for $14.73/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade
Pebblebrook is a Maryland-based real estate investment trust that acquires, manages and invests in hotel and resort properties across the United States.