Fuller & Thaler Asset Management Inc. Has $67.04 Million Stake in Pebblebrook Hotel Trust (PEB)

Fuller & Thaler Asset Management Inc. reduced its holdings in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 16.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,854,943 shares of the real estate investment trust’s stock after selling 368,983 shares during the period. Fuller & Thaler Asset Management Inc. owned 2.69% of Pebblebrook Hotel Trust worth $67,038,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of PEB. Principal Financial Group Inc. grew its stake in shares of Pebblebrook Hotel Trust by 156.1% in the 2nd quarter. Principal Financial Group Inc. now owns 2,516,668 shares of the real estate investment trust’s stock valued at $81,137,000 after buying an additional 1,533,874 shares during the period. Lord Abbett & CO. LLC acquired a new stake in shares of Pebblebrook Hotel Trust in the 2nd quarter valued at about $19,701,000. Chartwell Investment Partners LLC acquired a new stake in shares of Pebblebrook Hotel Trust in the 3rd quarter valued at about $13,645,000. Russell Investments Group Ltd. grew its stake in shares of Pebblebrook Hotel Trust by 313.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 422,291 shares of the real estate investment trust’s stock valued at $13,645,000 after buying an additional 320,034 shares during the period. Finally, Macquarie Group Ltd. grew its stake in shares of Pebblebrook Hotel Trust by 24.3% in the 2nd quarter. Macquarie Group Ltd. now owns 1,099,047 shares of the real estate investment trust’s stock valued at $35,433,000 after buying an additional 214,688 shares during the period.

PEB has been the topic of several recent research reports. Stifel Nicolaus reaffirmed a “hold” rating and issued a $34.50 price target (up previously from $31.50) on shares of Pebblebrook Hotel Trust in a research report on Tuesday, October 24th. ValuEngine raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “strong-buy” rating and set a $41.00 price target on the stock in a report on Wednesday, September 27th. Barclays lifted their price target on shares of Pebblebrook Hotel Trust from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Wednesday, October 25th. Finally, Robert W. Baird set a $37.00 price target on shares of Pebblebrook Hotel Trust and gave the company a “hold” rating in a research report on Friday, December 1st. Three analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $36.39.

Pebblebrook Hotel Trust (NYSE PEB) traded down $0.16 during trading hours on Thursday, hitting $37.69. 447,013 shares of the stock were exchanged, compared to its average volume of 771,597. The stock has a market capitalization of $2,610.00, a PE ratio of 14.31, a price-to-earnings-growth ratio of 1.60 and a beta of 1.22. Pebblebrook Hotel Trust has a 1 year low of $26.21 and a 1 year high of $38.96. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.56.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings data on Monday, October 23rd. The real estate investment trust reported $0.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.49. The company had revenue of $201.80 million for the quarter, compared to the consensus estimate of $198.11 million. Pebblebrook Hotel Trust had a net margin of 12.98% and a return on equity of 6.63%. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.61) earnings per share. sell-side analysts forecast that Pebblebrook Hotel Trust will post 2.51 EPS for the current year.

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Pebblebrook Hotel Trust 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.

Institutional Ownership by Quarter for Pebblebrook Hotel Trust (NYSE:PEB)

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