TIAA CREF Investment Management LLC trimmed its holdings in shares of Pebblebrook Hotel (NYSE:PEB) by 7.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 168,329 shares of the real estate investment trust’s stock after selling 13,732 shares during the period. TIAA CREF Investment Management LLC owned about 0.24% of Pebblebrook Hotel worth $6,257,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Deutsche Bank AG raised its stake in shares of Pebblebrook Hotel by 12.0% during 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 period. Daiwa Securities Group Inc. raised its stake in shares of Pebblebrook Hotel by 6.0% during the 4th 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 period. Dimensional Fund Advisors LP raised its stake in shares of Pebblebrook Hotel by 3.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,096,033 shares of the real estate investment trust’s stock worth $39,610,000 after purchasing an additional 36,357 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Pebblebrook Hotel by 5.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 834,580 shares of the real estate investment trust’s stock worth $31,022,000 after purchasing an additional 41,781 shares during the period. Finally, Heitman Real Estate Securities LLC raised its stake in shares of Pebblebrook Hotel by 300.7% during the 4th 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 period.
PEB has been the topic of a number of recent analyst reports. Robert W. Baird set a $37.00 target price on Pebblebrook Hotel and gave the stock a “hold” rating in a research note on Tuesday, February 27th. ValuEngine lowered Pebblebrook Hotel from a “strong-buy” rating to a “buy” rating in a report on Monday, April 2nd. Finally, Boenning Scattergood reissued a “hold” rating on shares of Pebblebrook Hotel in a report on Monday, February 26th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. Pebblebrook Hotel presently has a consensus rating of “Hold” and a consensus target price of $36.61.
Shares of PEB opened at $35.50 on Monday. Pebblebrook Hotel has a fifty-two week low of $29.24 and a fifty-two week high of $39.74. The stock has a market capitalization of $2,425.75, a P/E ratio of 13.81, a PEG ratio of 2.76 and a beta of 1.22. 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 (NYSE:PEB) last announced its quarterly earnings data on Thursday, February 22nd. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.32). Pebblebrook Hotel had a return on equity of 6.32% and a net margin of 12.46%. The firm had revenue of $179.63 million during the quarter, compared to analysts’ expectations of $178.07 million. sell-side analysts expect that Pebblebrook Hotel will post 2.55 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Thursday, March 29th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 4.28%. The ex-dividend date of this dividend is Wednesday, March 28th. Pebblebrook Hotel’s dividend payout ratio (DPR) is currently 59.14%.
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Pebblebrook Hotel 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 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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