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Analysts Offer Insights on Real Estate Companies: Pebblebrook Hotel (PEB) and Simon Property (SPG)

Tipranks - Wed May 13, 8:44AM CDT

Companies in the Real Estate sector have received a lot of coverage today as analysts weigh in on Pebblebrook Hotel (PEB) and Simon Property (SPG).

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Pebblebrook Hotel (PEB)

Morgan Stanley analyst Stephen Grambling assigned a Sell rating to Pebblebrook Hotel today and set a price target of $14.37. The company’s shares closed last Tuesday at $14.41.

According to TipRanks.com, Grambling is a 4-star analyst with an average return of 5.3% and a 59.2% success rate. Grambling covers the NA sector, focusing on stocks such as Marriott Vacations Worldwide Corporation, Hilton Worldwide Holdings, and Life Time Group Holdings. ;'>

Pebblebrook Hotel has an analyst consensus of Hold, with a price target consensus of $13.81, a -3.9% downside from current levels. In a report issued on April 27, Bank of America Securities also maintained a Sell rating on the stock with a $12.50 price target.

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Simon Property (SPG)

In a report released today, Arvind Ramnani from Truist Financial maintained a Hold rating on Simon Property. The company’s shares closed last Tuesday at $204.01.

According to TipRanks.com, Ramnani is a 1-star analyst with an average return of -2.2% and a 46.1% success rate. Ramnani covers the Technology sector, focusing on stocks such as CCC Intelligent Solutions Holdings, Palantir Technologies, and Epam Systems. ;'>

Currently, the analyst consensus on Simon Property is a Moderate Buy with an average price target of $213.00, which is a 6.0% upside from current levels. In a report issued on April 27, TipRanks – xAI also downgraded the stock to Hold with a $215.00 price target.

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