Teacher Retirement System of Texas trimmed its position in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 85.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,518 shares of the real estate investment trust’s stock after selling 139,950 shares during the period. Teacher Retirement System of Texas’ holdings in Pebblebrook Hotel Trust were worth $874,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in PEB. Stephens Inc. AR purchased a new position in Pebblebrook Hotel Trust in the 3rd quarter valued at about $208,000. Commonwealth Equity Services Inc acquired a new stake in Pebblebrook Hotel Trust during the third quarter worth about $232,000. Jane Street Group LLC acquired a new stake in Pebblebrook Hotel Trust during the third quarter worth about $234,000. Cubist Systematic Strategies LLC acquired a new stake in Pebblebrook Hotel Trust during the third quarter worth about $292,000. Finally, Fox Run Management L.L.C. acquired a new stake in Pebblebrook Hotel Trust during the fourth quarter worth about $318,000.
Pebblebrook Hotel Trust (PEB) traded up $0.03 during trading on Wednesday, hitting $35.61. 785,504 shares of the stock were exchanged, compared to its average volume of 695,421. The company has a market cap of $2,434.03, a P/E ratio of 13.67, a P/E/G ratio of 1.46 and a beta of 1.28. Pebblebrook Hotel Trust has a fifty-two week low of $27.01 and a fifty-two week high of $39.74. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.56.
Pebblebrook Hotel Trust (NYSE:PEB) last announced its earnings results on Thursday, February 22nd. The real estate investment trust reported $0.11 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.32). The firm had revenue of $179.63 million during the quarter, compared to the consensus estimate of $178.07 million. Pebblebrook Hotel Trust had a return on equity of 6.32% and a net margin of 12.46%. equities research analysts anticipate that Pebblebrook Hotel Trust will post 2.55 EPS for the current year.
Several equities research analysts have commented on the stock. Stifel Nicolaus restated a “hold” rating and issued a $36.50 price target on shares of Pebblebrook Hotel Trust in a research note on Sunday, December 3rd. Robert W. Baird set a $37.00 price target on shares of Pebblebrook Hotel Trust and gave the company a “hold” rating in a research note on Tuesday, February 27th. Boenning Scattergood reiterated a “hold” rating on shares of Pebblebrook Hotel Trust in a research note on Monday, February 26th. Finally, Barclays restated a “buy” rating and set a $39.00 target price on shares of Pebblebrook Hotel Trust in a report on Friday, December 15th. Two 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 company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $36.61.
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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