Pebblebrook Hotel price target lowered to $15 from $16 at Barclays

Barclays lowered the firm’s price target on Pebblebrook Hotel to $15 from $16 and keeps an Equal Weight rating on the shares. Headline RevPAR for lodging real estate investment trusts has been slightly negative the past few weeks, below prior low single digit growth expectations, driven by tough comps and mix shifts, the analyst tells investors in a research note.