Commerce Bank raised its stake in Pebblebrook Hotel Trust (NYSE:PEB) by 45.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,145 shares of the real estate investment trust’s stock after buying an additional 4,745 shares during the quarter. Commerce Bank’s holdings in Pebblebrook Hotel Trust were worth $547,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in PEB. First Mercantile Trust Co. lifted its stake in Pebblebrook Hotel Trust by 1.7% in the second quarter. First Mercantile Trust Co. now owns 3,680 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 60 shares during the period. SG Americas Securities LLC increased its holdings in shares of Pebblebrook Hotel Trust by 6.0% in the second quarter. SG Americas Securities LLC now owns 4,401 shares of the real estate investment trust’s stock worth $142,000 after acquiring an additional 249 shares in the last quarter. GAM Holding AG increased its holdings in shares of Pebblebrook Hotel Trust by 2.3% in the second quarter. GAM Holding AG now owns 5,892 shares of the real estate investment trust’s stock worth $190,000 after acquiring an additional 134 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Pebblebrook Hotel Trust by 8.6% during the second quarter. Nisa Investment Advisors LLC now owns 6,410 shares of the real estate investment trust’s stock worth $200,000 after buying an additional 510 shares in the last quarter. Finally, BB&T Corp bought a new position in shares of Pebblebrook Hotel Trust during the third quarter worth about $203,000.
Shares of Pebblebrook Hotel Trust (PEB) traded down $0.01 on Tuesday, reaching $36.95. The company’s stock had a trading volume of 690,300 shares, compared to its average volume of 784,272. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market cap of $2,550.00, a price-to-earnings ratio of 13.90, a P/E/G ratio of 1.55 and a beta of 1.21. Pebblebrook Hotel Trust has a 1 year low of $26.21 and a 1 year high of $37.63.
Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings data 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. Pebblebrook Hotel Trust had a return on equity of 6.63% and a net margin of 12.98%. The company had revenue of $201.80 million for the quarter, compared to the consensus estimate of $198.11 million. During the same quarter last year, the business posted ($0.61) earnings per share. The firm’s revenue was down 3.4% compared to the same quarter last year. analysts expect that Pebblebrook Hotel Trust will post 2.51 earnings per share for the current year.
Pebblebrook Hotel Trust declared that its board has approved a share buyback plan on Thursday, July 27th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to reacquire up to 4.4% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
PEB has been the subject of several recent research reports. Stifel Nicolaus reissued a “hold” rating and set a $31.50 price target on shares of Pebblebrook Hotel Trust in a research report on Thursday, October 12th. Boenning Scattergood restated a “hold” rating on shares of Pebblebrook Hotel Trust in a research note on Wednesday, October 25th. Robert W. Baird set a $35.00 price objective on Pebblebrook Hotel Trust and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Barclays PLC raised their price objective on Pebblebrook Hotel Trust from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 25th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $35.00 price target on shares of Pebblebrook Hotel Trust in a research note on Wednesday, October 25th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $35.94.
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Pebblebrook Hotel Trust 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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