Dimensional Fund Advisors LP increased its stake in Pebblebrook Hotel Trust (NYSE:PEB) by 1.5% in the 1st quarter, Holdings Channel reports. The firm owned 1,133,915 shares of the real estate investment trust’s stock after purchasing an additional 16,727 shares during the period. Dimensional Fund Advisors LP’s holdings in Pebblebrook Hotel Trust were worth $38,950,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Deutsche Bank AG lifted its holdings in Pebblebrook Hotel Trust by 12.0% in the 4th 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. JPMorgan Chase & Co. lifted its holdings in Pebblebrook Hotel Trust by 121.7% in the 1st quarter. JPMorgan Chase & Co. now owns 3,324,732 shares of the real estate investment trust’s stock worth $114,204,000 after purchasing an additional 1,825,112 shares during the last quarter. Northern Trust Corp lifted its holdings in Pebblebrook Hotel Trust by 3.0% in the 1st quarter. Northern Trust Corp now owns 1,657,293 shares of the real estate investment trust’s stock worth $56,929,000 after purchasing an additional 48,717 shares during the last quarter. Glenmede Trust Co. NA lifted its holdings in Pebblebrook Hotel Trust by 0.8% in the 4th quarter. Glenmede Trust Co. NA now owns 1,440,438 shares of the real estate investment trust’s stock worth $53,540,000 after purchasing an additional 11,062 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Pebblebrook Hotel Trust by 6.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 885,456 shares of the real estate investment trust’s stock worth $30,416,000 after purchasing an additional 50,876 shares during the last quarter.
Several equities research analysts recently weighed in on the company. ValuEngine lowered Pebblebrook Hotel Trust from a “buy” rating to a “hold” rating in a report on Monday, June 18th. Zacks Investment Research upgraded Pebblebrook Hotel Trust from a “hold” rating to a “strong-buy” rating and set a $40.00 target price for the company in a report on Wednesday, May 2nd. Robert W. Baird boosted their target price on Pebblebrook Hotel Trust from $37.00 to $38.00 and gave the stock a “hold” rating in a report on Tuesday, May 1st. Finally, Boenning Scattergood restated a “hold” rating on shares of Pebblebrook Hotel Trust in a report on Monday, April 30th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. Pebblebrook Hotel Trust presently has an average rating of “Hold” and a consensus price target of $36.81.
Shares of Pebblebrook Hotel Trust opened at $38.74 on Tuesday, MarketBeat.com reports. Pebblebrook Hotel Trust has a 12 month low of $31.29 and a 12 month high of $41.65. The company has a market cap of $2.68 billion, a PE ratio of 15.07, a price-to-earnings-growth ratio of 2.92 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.63 and a quick ratio of 0.63.
Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings results on Thursday, April 26th. The real estate investment trust reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.35). Pebblebrook Hotel Trust had a return on equity of 7.04% and a net margin of 13.83%. The business had revenue of $181.10 million for the quarter, compared to analyst estimates of $179.30 million. During the same quarter last year, the firm earned $0.54 earnings per share. The firm’s quarterly revenue was down .6% compared to the same quarter last year. equities analysts anticipate that Pebblebrook Hotel Trust will post 2.66 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Friday, June 29th will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, June 28th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.92%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently 59.14%.
About Pebblebrook Hotel Trust
Pebblebrook Hotel Trust is a publicly traded real estate investment trust (?REIT?) organized to opportunistically acquire and invest primarily in upper upscale, full-service hotels located in urban markets in major gateway cities. The Company owns 28 hotels, with a total of 6,972 guest rooms. The Company owns hotels located in 9 states and the District of Columbia, including: Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Washington, DC; Coral Gables, Florida; Naples, Florida; Buckhead, Georgia; Boston, Massachusetts; Minneapolis, Minnesota; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.
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