Sumitomo Mitsui Trust Holdings Inc. increased its stake in Pebblebrook Hotel (NYSE:PEB) by 6.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,353 shares of the real estate investment trust’s stock after buying an additional 4,316 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.10% of Pebblebrook Hotel worth $2,314,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of PEB. Convergence Investment Partners LLC purchased a new position in Pebblebrook Hotel in the 4th quarter worth about $1,313,000. Bank of Montreal Can increased its stake in Pebblebrook Hotel by 9.2% in the 4th quarter. Bank of Montreal Can now owns 105,212 shares of the real estate investment trust’s stock worth $3,910,000 after buying an additional 8,879 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Pebblebrook Hotel by 5.3% in 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 buying an additional 41,781 shares during the period. Westpac Banking Corp purchased a new position in Pebblebrook Hotel in the 4th quarter worth about $4,971,000. Finally, Fox Run Management L.L.C. purchased a new position in Pebblebrook Hotel in the 4th quarter worth about $318,000.
NYSE PEB opened at $39.01 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.56. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of 15.18, a price-to-earnings-growth ratio of 2.87 and a beta of 1.21. Pebblebrook Hotel has a one year low of $30.15 and a one year high of $39.74.
Pebblebrook Hotel (NYSE:PEB) last posted its earnings results on Thursday, February 22nd. The real estate investment trust reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.32). The business had revenue of $179.63 million for the quarter, compared to analysts’ expectations of $178.07 million. Pebblebrook Hotel had a net margin of 13.83% and a return on equity of 7.04%. equities research analysts expect that Pebblebrook Hotel will post 2.66 EPS for the current year.
Several research analysts recently commented on PEB shares. Boenning Scattergood reaffirmed a “hold” rating on shares of Pebblebrook Hotel in a research note on Monday, February 26th. Robert W. Baird set a $37.00 price target on shares of Pebblebrook Hotel and gave the stock a “hold” rating in a research note on Tuesday, February 27th. ValuEngine raised shares of Pebblebrook Hotel from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 15th. Finally, Zacks Investment Research raised shares of Pebblebrook Hotel from a “hold” rating to a “strong-buy” rating and set a $40.00 target price on the stock in a research report on Wednesday, May 2nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $36.61.
Pebblebrook Hotel 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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