Waratah Capital Advisors Ltd. Invests $614,000 in Pebblebrook Hotel Trust (PEB) Stock

Waratah Capital Advisors Ltd. Invests $614,000 in Pebblebrook Hotel Trust (PEB) Stock

Waratah Capital Advisors Ltd. acquired a new stake in Pebblebrook Hotel Trust (NYSE:PEB) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 16,526 shares of the real estate investment trust’s stock, valued at approximately $614,000.

A number of other large investors have also made changes to their positions in PEB. Parametric Portfolio Associates LLC grew its stake in Pebblebrook Hotel Trust by 22.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 79,619 shares of the real estate investment trust’s stock valued at $2,567,000 after purchasing an additional 14,818 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Pebblebrook Hotel Trust by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,059,676 shares of the real estate investment trust’s stock worth $34,166,000 after acquiring an additional 49,972 shares during the period. Voya Investment Management LLC grew its stake in shares of Pebblebrook Hotel Trust by 10.3% during the 2nd quarter. Voya Investment Management LLC now owns 32,233 shares of the real estate investment trust’s stock worth $1,039,000 after acquiring an additional 3,010 shares during the period. Janus Henderson Group PLC bought a new position in shares of Pebblebrook Hotel Trust during the 2nd quarter worth $4,088,000. Finally, State Street Corp grew its stake in shares of Pebblebrook Hotel Trust by 0.8% during the 2nd quarter. State Street Corp now owns 2,386,186 shares of the real estate investment trust’s stock worth $76,928,000 after acquiring an additional 19,242 shares during the period.

Several research analysts have recently weighed in on the company. Robert W. Baird set a $35.00 price target on Pebblebrook Hotel Trust and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Stifel Nicolaus reiterated a “hold” rating and set a $36.50 price target on shares of Pebblebrook Hotel Trust in a research note on Sunday, December 3rd. Zacks Investment Research downgraded Pebblebrook Hotel Trust from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Boenning Scattergood reiterated a “hold” rating on shares of Pebblebrook Hotel Trust in a research note on Wednesday, October 25th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $35.00 price target on shares of Pebblebrook Hotel Trust in a research note on Wednesday, October 25th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $36.72.

Shares of Pebblebrook Hotel Trust (PEB) opened at $36.72 on Friday. The stock has a market capitalization of $2,531.84, a PE ratio of 13.80, a P/E/G ratio of 1.48 and a beta of 1.20. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.31 and a current ratio of 0.31. Pebblebrook Hotel Trust has a 1-year low of $26.21 and a 1-year high of $39.74.

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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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Waratah Capital Advisors Ltd. acquired a new position in shares of Pebblebrook Hotel Trust (NYSE:PEB) during the fourth quarter, HoldingsChannel reports. The fund acquired 16,526 shares of the real estate investment trust’s stock, valued at approximately $614,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Chartwell Investment Partners LLC purchased a new stake in Pebblebrook Hotel Trust during the 3rd quarter worth about $13,645,000. Ameriprise Financial Inc. raised its holdings in shares of Pebblebrook Hotel Trust by 18.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 534,907 shares of the real estate investment trust’s stock valued at $19,336,000 after acquiring an additional 83,952 shares in the last quarter. State Street Corp raised its holdings in shares of Pebblebrook Hotel Trust by 0.8% in the 2nd quarter. State Street Corp now owns 2,386,186 shares of the real estate investment trust’s stock valued at $76,928,000 after acquiring an additional 19,242 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Pebblebrook Hotel Trust by 10.2% in the 3rd quarter. Wells Fargo & Company MN now owns 379,366 shares of the real estate investment trust’s stock valued at $13,710,000 after acquiring an additional 35,040 shares in the last quarter. Finally, APG Asset Management N.V. purchased a new stake in shares of Pebblebrook Hotel Trust in the 3rd quarter valued at about $857,000.

Pebblebrook Hotel Trust (NYSE PEB) opened at $36.72 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $2,531.84, a PE ratio of 13.80, a PEG ratio of 1.48 and a beta of 1.20. Pebblebrook Hotel Trust has a 1 year low of $26.21 and a 1 year high of $39.74.

Several analysts have weighed in on PEB shares. 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 report on Tuesday, October 24th. Barclays raised their price target on Pebblebrook Hotel Trust from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Wednesday, October 25th. Robert W. Baird set a $37.00 price target on Pebblebrook Hotel Trust and gave the company a “hold” rating in a report on Friday, December 1st. Zacks Investment Research cut Pebblebrook Hotel Trust from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $35.00 price target on shares of Pebblebrook Hotel Trust in a report on Wednesday, October 25th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $36.72.

TRADEMARK VIOLATION NOTICE: “Waratah Capital Advisors Ltd. Invests $614,000 in Pebblebrook Hotel Trust (PEB) Stock” was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this report can be read at https://www.dispatchtribunal.com/2018/02/18/waratah-capital-advisors-ltd-invests-614000-in-pebblebrook-hotel-trust-peb-stock.html.

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

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