Pebblebrook Hotel Trust Completes Sale of the Dumont NYC
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PebbleBrook Hotel Trust (PEB) PT Raised to $31.50 at Stifel Following Dumont Sale
June 21, 2017 7:32 AM EDTStifel raised its price target on PebbleBrook Hotel Trust (NYSE: PEB) to $31.50 (from $30.00) while maintaining a Hold rating following the close of Dumont sale. The sale reduces net debt to trailing EBITDA to ~4.0x. Proceeds will be used for debt reduction and potentially share... More
