Mutual of America Capital Management LLC Has $152,000 Stake in Pebblebrook Hotel Trust $PEB

Mutual of America Capital Management LLC lessened its holdings in Pebblebrook Hotel Trust (NYSE:PEB) by 12.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,246 shares of the real estate investment trust’s stock after selling 2,184 shares during the period. Mutual of America Capital Management LLC’s holdings in Pebblebrook Hotel Trust were worth $152,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PEB. Harbor Capital Advisors Inc. boosted its position in Pebblebrook Hotel Trust by 122.1% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 2,514 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 1,382 shares during the period. CWM LLC boosted its holdings in shares of Pebblebrook Hotel Trust by 324.2% during the first quarter. CWM LLC now owns 3,071 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 2,347 shares during the period. Hilltop National Bank acquired a new stake in shares of Pebblebrook Hotel Trust during the second quarter worth approximately $44,000. AlphaQuest LLC boosted its holdings in shares of Pebblebrook Hotel Trust by 1,405.7% during the first quarter. AlphaQuest LLC now owns 8,251 shares of the real estate investment trust’s stock worth $84,000 after purchasing an additional 7,703 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Pebblebrook Hotel Trust by 438.2% during the 2nd quarter. GAMMA Investing LLC now owns 9,252 shares of the real estate investment trust’s stock valued at $92,000 after buying an additional 7,533 shares during the period.

Pebblebrook Hotel Trust Stock Down 1.0%

Shares of PEB stock opened at $10.69 on Friday. The stock’s 50 day simple moving average is $11.17 and its 200 day simple moving average is $10.22. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.31 and a current ratio of 1.31. Pebblebrook Hotel Trust has a twelve month low of $7.41 and a twelve month high of $15.12. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of -18.44 and a beta of 1.85.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. Pebblebrook Hotel Trust had a negative return on equity of 1.17% and a negative net margin of 2.20%.The business had revenue of $407.54 million for the quarter, compared to the consensus estimate of $398.77 million. During the same period last year, the business earned $0.69 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. As a group, research analysts predict that Pebblebrook Hotel Trust will post 1.5 EPS for the current year.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $0.01 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.4%. Pebblebrook Hotel Trust’s payout ratio is presently -6.90%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Cantor Fitzgerald began coverage on shares of Pebblebrook Hotel Trust in a report on Wednesday, October 1st. They set a “neutral” rating and a $12.00 price target on the stock. Stifel Nicolaus set a $14.00 target price on Pebblebrook Hotel Trust in a research note on Wednesday, September 17th. Zacks Research upgraded Pebblebrook Hotel Trust from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. Evercore ISI raised their price target on Pebblebrook Hotel Trust from $12.00 to $13.00 and gave the stock an “in-line” rating in a research note on Thursday, September 18th. Finally, Robert W. Baird raised their price target on Pebblebrook Hotel Trust from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Pebblebrook Hotel Trust currently has an average rating of “Hold” and an average price target of $12.10.

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels and resorts in the United States. The Company owns 47 hotels and resorts, totaling approximately 12,200 guest rooms across 13 urban and resort markets.