Pebblebrook Hotel Trust (PEB) Stake Increased by Texas Permanent School Fund

Texas Permanent School Fund lifted its position in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 5.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 88,620 shares of the real estate investment trust’s stock after buying an additional 4,848 shares during the period. Texas Permanent School Fund owned approximately 0.07% of Pebblebrook Hotel Trust worth $2,753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans boosted its position in shares of Pebblebrook Hotel Trust by 278.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 63,101 shares of the real estate investment trust’s stock worth $1,786,000 after purchasing an additional 46,427 shares during the period. HRT Financial LLC purchased a new position in shares of Pebblebrook Hotel Trust during the 4th quarter worth approximately $951,000. Penn Capital Management Co. Inc. boosted its position in shares of Pebblebrook Hotel Trust by 8.8% during the 4th quarter. Penn Capital Management Co. Inc. now owns 245,503 shares of the real estate investment trust’s stock worth $7,567,000 after purchasing an additional 19,769 shares during the period. Citigroup Inc. boosted its position in shares of Pebblebrook Hotel Trust by 137.4% during the 4th quarter. Citigroup Inc. now owns 165,404 shares of the real estate investment trust’s stock worth $4,683,000 after purchasing an additional 95,727 shares during the period. Finally, New York State Teachers Retirement System purchased a new position in shares of Pebblebrook Hotel Trust during the 4th quarter worth approximately $3,562,000.

PEB stock traded up $0.20 during midday trading on Thursday, hitting $31.58. The company’s stock had a trading volume of 8,543 shares, compared to its average volume of 1,228,058. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.68. Pebblebrook Hotel Trust has a 52-week low of $26.59 and a 52-week high of $41.65. The stock has a market capitalization of $4.06 billion, a PE ratio of 12.84, a P/E/G ratio of 2.35 and a beta of 1.34.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.06. Pebblebrook Hotel Trust had a negative net margin of 0.53% and a negative return on equity of 0.20%. The company had revenue of $267.20 million during the quarter, compared to analysts’ expectations of $358.66 million. During the same quarter last year, the company posted $0.67 EPS. The firm’s revenue was up 47.5% compared to the same quarter last year. Analysts expect that Pebblebrook Hotel Trust will post 2.65 EPS for the current fiscal year.

A number of research firms recently weighed in on PEB. Zacks Investment Research raised shares of Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 21st. SunTrust Banks began coverage on shares of Pebblebrook Hotel Trust in a research report on Monday, May 6th. They set a “hold” rating and a $43.00 price objective for the company. Barclays reaffirmed a “buy” rating and set a $38.00 price objective on shares of Pebblebrook Hotel Trust in a research report on Tuesday, February 19th. TheStreet cut shares of Pebblebrook Hotel Trust from a “b-” rating to a “c” rating in a research report on Wednesday, February 27th. Finally, ValuEngine raised shares of Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $37.00.

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Pebblebrook Hotel Trust 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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Institutional Ownership by Quarter for Pebblebrook Hotel Trust (NYSE:PEB)

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