Bartlett & Co. LLC purchased a new stake in shares of Pebblebrook Hotel Trust (NYSE:PEB) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 920 shares of the real estate investment trust’s stock, valued at approximately $26,000.
Several other hedge funds have also added to or reduced their stakes in PEB. Harvest Fund Management Co. Ltd raised its stake in shares of Pebblebrook Hotel Trust by 266.7% during the second quarter. Harvest Fund Management Co. Ltd now owns 1,100 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 800 shares during the last quarter. Dupont Capital Management Corp bought a new position in Pebblebrook Hotel Trust during the second quarter worth $37,000. Ladenburg Thalmann Financial Services Inc. raised its stake in Pebblebrook Hotel Trust by 35.5% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,220 shares of the real estate investment trust’s stock worth $91,000 after buying an additional 844 shares during the last quarter. Arden Trust Co bought a new position in Pebblebrook Hotel Trust during the second quarter worth $210,000. Finally, Zeke Capital Advisors LLC raised its stake in Pebblebrook Hotel Trust by 24.4% during the third quarter. Zeke Capital Advisors LLC now owns 9,475 shares of the real estate investment trust’s stock worth $264,000 after buying an additional 1,861 shares during the last quarter.
Shares of NYSE PEB traded down $0.20 during mid-day trading on Wednesday, reaching $25.74. 806,064 shares of the company’s stock traded hands, compared to its average volume of 1,093,569. Pebblebrook Hotel Trust has a 1-year low of $24.51 and a 1-year high of $35.83. The stock has a market cap of $3.42 billion, a P/E ratio of 10.51, a PEG ratio of 2.03 and a beta of 1.29. The business has a 50-day simple moving average of $26.06 and a 200 day simple moving average of $27.32. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.24 and a quick ratio of 0.24.
Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.24). Pebblebrook Hotel Trust had a positive return on equity of 0.16% and a negative net margin of 0.21%. The firm had revenue of $423.55 million for the quarter, compared to analysts’ expectations of $422.61 million. During the same quarter last year, the firm posted $0.37 earnings per share. The firm’s revenue for the quarter was up 106.1% compared to the same quarter last year. Equities research analysts anticipate that Pebblebrook Hotel Trust will post 2.59 earnings per share for the current fiscal year.
A number of equities analysts recently weighed in on PEB shares. Raymond James lowered their target price on shares of Pebblebrook Hotel Trust from $33.00 to $31.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. Wells Fargo & Co lowered their target price on shares of Pebblebrook Hotel Trust from $28.00 to $27.00 and set a “market perform” rating for the company in a research note on Friday, October 18th. Stifel Nicolaus set a $31.00 price target on shares of Pebblebrook Hotel Trust and gave the company a “buy” rating in a research note on Friday, October 25th. Zacks Investment Research downgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Finally, Barclays downgraded shares of Pebblebrook Hotel Trust from an “overweight” rating to an “underweight” rating and decreased their price target for the company from $32.00 to $26.00 in a research note on Monday, November 11th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Pebblebrook Hotel Trust currently has a consensus rating of “Hold” and a consensus price target of $31.25.
Pebblebrook Hotel Trust Company Profile
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 61 hotels, totaling approximately 14,600 guest rooms, located in 10 states and the District of Columbia, including: Del Mar, California; Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Santa Cruz, California; Washington, DC; Coral Gables, Florida; Key West, Florida; Naples, Florida; Buckhead, Georgia; Chicago, Illinois; Boston, Massachusetts; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.
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