Raymond James & Associates Boosts Holdings in Pebblebrook Hotel Trust (NYSE:PEB)

Raymond James & Associates increased its stake in shares of Pebblebrook Hotel Trust (NYSE:PEB – Get Rating) by 14.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 310,205 shares of the real estate investment trust’s stock after acquiring an additional 38,616 shares during the quarter. Raymond James & Associates owned about 0.24% of Pebblebrook Hotel Trust worth $4,154,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Waterfront Capital Partners LLC acquired a new stake in shares of Pebblebrook Hotel Trust during the third quarter worth about $11,245,000. Millennium Management LLC increased its position in Pebblebrook Hotel Trust by 238.6% during the second quarter. Millennium Management LLC now owns 938,218 shares of the real estate investment trust’s stock worth $15,546,000 after buying an additional 661,149 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Pebblebrook Hotel Trust by 7.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 8,824,851 shares of the real estate investment trust’s stock valued at $146,228,000 after buying an additional 636,463 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Pebblebrook Hotel Trust by 266.1% in the second quarter. Renaissance Technologies LLC now owns 653,495 shares of the real estate investment trust’s stock valued at $10,828,000 after acquiring an additional 474,995 shares during the period. Finally, Fisher Asset Management LLC purchased a new position in shares of Pebblebrook Hotel Trust during the fourth quarter worth approximately $5,704,000.

Pebblebrook Hotel Trust Price Performance

PEB stock opened at $13.25 on Thursday. The firm has a 50 day moving average of $13.94 and a 200-day moving average of $14.63. The company has a market cap of $1.63 billion, a price-to-earnings ratio of -33.97, a PEG ratio of 0.60 and a beta of 1.85. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.79. Pebblebrook Hotel Trust has a 12-month low of $12.37 and a 12-month high of $24.30.

Pebblebrook Hotel Trust (NYSE:PEB – Get Rating) last issued its quarterly earnings data on Tuesday, February 21st. The real estate investment trust reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.52). Pebblebrook Hotel Trust had a negative return on equity of 0.34% and a negative net margin of 0.73%. The firm had revenue of $319.61 million for the quarter, compared to analyst estimates of $309.55 million. During the same period in the prior year, the firm posted $0.06 earnings per share. The business’s revenue for the quarter was up 29.3% compared to the same quarter last year. As a group, equities analysts expect that Pebblebrook Hotel Trust will post 1.62 EPS for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 17th. Investors of record on Friday, March 31st were paid a $0.01 dividend. The ex-dividend date of this dividend was Thursday, March 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.30%. Pebblebrook Hotel Trust’s payout ratio is -10.26%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. StockNews.com cut shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 20th. Citigroup lifted their target price on Pebblebrook Hotel Trust from $15.00 to $16.50 and gave the company a “neutral” rating in a research note on Wednesday, February 1st. Barclays dropped their target price on Pebblebrook Hotel Trust from $18.00 to $16.00 in a report on Wednesday, April 26th. Stifel Nicolaus increased their price target on Pebblebrook Hotel Trust from $15.25 to $15.50 in a report on Thursday, April 27th. Finally, Morgan Stanley dropped their price objective on shares of Pebblebrook Hotel Trust from $13.00 to $12.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 7th. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $17.70.

Insider Buying and Selling at Pebblebrook Hotel Trust

In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz purchased 14,865 shares of Pebblebrook Hotel Trust stock in a transaction on Wednesday, March 8th. The shares were bought at an average price of $14.93 per share, with a total value of $221,934.45. Following the completion of the acquisition, the chief executive officer now directly owns 1,039,967 shares of the company’s stock, valued at $15,526,707.31. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Jon E. Bortz acquired 11,000 shares of the business’s stock in a transaction dated Wednesday, March 22nd. The shares were bought at an average cost of $12.95 per share, for a total transaction of $142,450.00. Following the acquisition, the chief executive officer now directly owns 1,122,102 shares in the company, valued at approximately $14,531,220.90. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jon E. Bortz purchased 14,865 shares of the business’s stock in a transaction that occurred on Wednesday, March 8th. The stock was acquired at an average price of $14.93 per share, for a total transaction of $221,934.45. Following the acquisition, the chief executive officer now directly owns 1,039,967 shares of the company’s stock, valued at approximately $15,526,707.31. The disclosure for this purchase can be found here. In the last three months, insiders acquired 39,865 shares of company stock worth $555,064. 2.40% of the stock is owned by corporate insiders.

Pebblebrook Hotel Trust Company Profile

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Pebblebrook Hotel Trust is a real estate investment trust, engages in investments and acquisitions in hotel properties. Its hotels are located in markets like Atlanta, Georgia, Boston, Massachusetts, Chicago, Illinois, Key West, Miami and Naples, Florida, Los Angeles, San Diego and San Francisco, California, Nashville, Tennessee, New York, New York, Philadelphia, Pennsylvania, Portland, Oregon, and Seattle, Washington.