Eii Capital Management Inc. bought a new position in Pebblebrook Hotel Trust (NYSE:PEB) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 12,248 shares of the real estate investment trust’s stock, valued at approximately $455,000.
Several other hedge funds have also recently modified their holdings of PEB. JPMorgan Chase & Co. increased its holdings in shares of Pebblebrook Hotel Trust by 196.7% in the third quarter. JPMorgan Chase & Co. now owns 1,089,557 shares of the real estate investment trust’s stock worth $39,311,000 after purchasing an additional 722,283 shares during the last quarter. Heitman Real Estate Securities LLC increased its holdings in shares of Pebblebrook Hotel Trust by 300.7% in the fourth quarter. Heitman Real Estate Securities LLC now owns 810,348 shares of the real estate investment trust’s stock worth $30,121,000 after purchasing an additional 608,109 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Pebblebrook Hotel Trust by 12.0% in the fourth quarter. Deutsche Bank AG now owns 4,126,398 shares of the real estate investment trust’s stock worth $153,374,000 after purchasing an additional 442,725 shares during the last quarter. Chartwell Investment Partners LLC bought a new stake in shares of Pebblebrook Hotel Trust in the third quarter worth about $13,645,000. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Pebblebrook Hotel Trust by 6.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,000,551 shares of the real estate investment trust’s stock worth $148,700,000 after purchasing an additional 226,167 shares during the last quarter.
Several brokerages have recently issued reports on PEB. ValuEngine raised Pebblebrook Hotel Trust from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 15th. Robert W. Baird set a $37.00 target price on Pebblebrook Hotel Trust and gave the stock a “hold” rating in a report on Tuesday, February 27th. Boenning Scattergood reaffirmed a “hold” rating on shares of Pebblebrook Hotel Trust in a report on Monday, February 26th. Barclays reaffirmed a “buy” rating and issued a $39.00 target price on shares of Pebblebrook Hotel Trust in a report on Friday, December 15th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $36.50 target price on shares of Pebblebrook Hotel Trust in a report on Sunday, December 3rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $36.61.
Pebblebrook Hotel Trust (PEB) opened at $35.65 on Tuesday. The company has a market capitalization of $2,470.60, a PE ratio of 29.71, a P/E/G ratio of 1.48 and a beta of 1.28. Pebblebrook Hotel Trust has a 12-month low of $27.01 and a 12-month high of $39.74. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.32 and a quick ratio of 0.32.
Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings results on Thursday, February 22nd. The real estate investment trust reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.32). The company had revenue of $179.63 million during the quarter, compared to analysts’ expectations of $178.07 million. Pebblebrook Hotel Trust had a return on equity of 6.32% and a net margin of 12.46%. analysts expect that Pebblebrook Hotel Trust will post 2.55 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Thursday, March 29th will be given a $0.38 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.52 annualized dividend and a yield of 4.26%. Pebblebrook Hotel Trust’s dividend payout ratio is currently 126.67%.
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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.
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