Schroder Investment Management Group lifted its position in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 4.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 397,447 shares of the real estate investment trust’s stock after buying an additional 17,585 shares during the period. Schroder Investment Management Group owned about 0.58% of Pebblebrook Hotel Trust worth $14,340,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Teachers Advisors LLC increased its stake in shares of Pebblebrook Hotel Trust by 3.2% during the first quarter. Teachers Advisors LLC now owns 124,858 shares of the real estate investment trust’s stock valued at $3,647,000 after buying an additional 3,912 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Pebblebrook Hotel Trust by 8.6% during the second quarter. Nisa Investment Advisors LLC now owns 6,410 shares of the real estate investment trust’s stock valued at $200,000 after purchasing an additional 510 shares in the last quarter. Aperio Group LLC boosted its position in shares of Pebblebrook Hotel Trust by 12.7% during the second quarter. Aperio Group LLC now owns 11,406 shares of the real estate investment trust’s stock valued at $368,000 after purchasing an additional 1,283 shares in the last quarter. US Bancorp DE boosted its position in shares of Pebblebrook Hotel Trust by 3.3% during the second quarter. US Bancorp DE now owns 27,735 shares of the real estate investment trust’s stock valued at $894,000 after purchasing an additional 882 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Pebblebrook Hotel Trust by 313.0% during the second quarter. Russell Investments Group Ltd. now owns 422,291 shares of the real estate investment trust’s stock valued at $13,645,000 after purchasing an additional 320,034 shares in the last quarter.
Several equities research analysts recently weighed in on PEB shares. BTIG Research upgraded Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Friday, September 22nd. ValuEngine upgraded Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Janney Montgomery Scott upgraded Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and lifted their price target for the company from $31.00 to $40.00 in a research report on Wednesday, September 27th. Royal Bank Of Canada restated a “buy” rating and set a $35.00 price target on shares of Pebblebrook Hotel Trust in a research report on Wednesday, October 25th. Finally, Robert W. Baird set a $37.00 price target on Pebblebrook Hotel Trust and gave the company a “hold” rating in a research report on Friday, December 1st. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $36.39.
Pebblebrook Hotel Trust (PEB) traded down $0.21 during trading on Thursday, reaching $37.85. The company’s stock had a trading volume of 595,900 shares, compared to its average volume of 773,034. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.56. Pebblebrook Hotel Trust has a twelve month low of $26.21 and a twelve month high of $38.96. The company has a market capitalization of $2,610.00, a P/E ratio of 14.31, a price-to-earnings-growth ratio of 1.60 and a beta of 1.22.
Pebblebrook Hotel Trust (NYSE:PEB) last released its earnings results on Monday, October 23rd. The real estate investment trust reported $0.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.49. The business had revenue of $201.80 million for the quarter, compared to the consensus estimate of $198.11 million. Pebblebrook Hotel Trust had a return on equity of 6.63% and a net margin of 12.98%. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.61) earnings per share. equities analysts expect that Pebblebrook Hotel Trust will post 2.51 EPS for the current fiscal year.
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Pebblebrook Hotel Trust Company Profile
Pebblebrook Hotel Trust is an internally managed hotel investment company. The Company is a real estate investment trust (REIT) that acquires and invests in hotel properties located primarily in cities of the United States. As of December 31, 2016, the Company owned 29 hotels with a total of 7,219 guest rooms.
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