New York State Common Retirement Fund lifted its holdings in Pebblebrook Hotel Trust (NYSE:PEB) by 16.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,185 shares of the real estate investment trust’s stock after acquiring an additional 12,485 shares during the period. New York State Common Retirement Fund owned approximately 0.12% of Pebblebrook Hotel Trust worth $3,115,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also bought and sold shares of PEB. SG Americas Securities LLC grew its stake in shares of Pebblebrook Hotel Trust by 6.0% in the 2nd quarter. SG Americas Securities LLC now owns 4,401 shares of the real estate investment trust’s stock valued at $142,000 after buying an additional 249 shares during the period. GAM Holding AG boosted its stake in Pebblebrook Hotel Trust by 2.3% during the 2nd quarter. GAM Holding AG now owns 5,892 shares of the real estate investment trust’s stock valued at $190,000 after purchasing an additional 134 shares during the last quarter. BB&T Corp acquired a new position in Pebblebrook Hotel Trust during the 3rd quarter valued at about $203,000. Kemper Corp Master Retirement Trust boosted its stake in Pebblebrook Hotel Trust by 0.4% during the 2nd quarter. Kemper Corp Master Retirement Trust now owns 6,700 shares of the real estate investment trust’s stock valued at $216,000 after purchasing an additional 25 shares during the last quarter. Finally, ARP Americas LLC bought a new position in shares of Pebblebrook Hotel Trust during the 3rd quarter worth approximately $220,000.
Shares of Pebblebrook Hotel Trust (PEB) opened at $37.97 on Friday. The stock has a market cap of $2,620.00, a PE ratio of 29.66, a price-to-earnings-growth ratio of 1.50 and a beta of 1.23. 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 $38.96.
Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings results on Monday, October 23rd. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.49. The company had revenue of $201.80 million during 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%. Pebblebrook Hotel Trust’s revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.61) earnings per share. equities research analysts anticipate that Pebblebrook Hotel Trust will post 2.51 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend was Thursday, December 28th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently 118.75%.
Several equities analysts have commented on the stock. Robert W. Baird reissued a “hold” rating and set a $38.00 target price on shares of Pebblebrook Hotel Trust in a research report on Friday. Barclays reaffirmed a “buy” rating and issued a $39.00 price target on shares of Pebblebrook Hotel Trust in a report on Friday, December 15th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $36.50 price target on shares of Pebblebrook Hotel Trust in a report on Sunday, December 3rd. Boenning Scattergood reissued a “hold” rating on shares of Pebblebrook Hotel Trust in a report on Wednesday, October 25th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $35.00 target price 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 given a hold rating and six have given a buy rating to the stock. Pebblebrook Hotel Trust presently has an average rating of “Hold” and an average price target of $36.72.
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About Pebblebrook Hotel Trust
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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