American International Group Inc. raised its holdings in Pebblebrook Hotel Trust (NYSE:PEB) by 670.5% in the 4th quarter, Holdings Channel reports. The firm owned 348,476 shares of the real estate investment trust’s stock after purchasing an additional 303,247 shares during the quarter. American International Group Inc.’s holdings in Pebblebrook Hotel Trust were worth $9,865,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Rehmann Capital Advisory Group bought a new position in Pebblebrook Hotel Trust in the 4th quarter valued at $25,000. San Francisco Sentry Investment Group CA bought a new position in Pebblebrook Hotel Trust in the 4th quarter valued at $36,000. LSV Asset Management bought a new position in Pebblebrook Hotel Trust in the 4th quarter valued at $57,000. Enlightenment Research LLC bought a new position in Pebblebrook Hotel Trust in the 4th quarter valued at $59,000. Finally, PNC Financial Services Group Inc. raised its position in Pebblebrook Hotel Trust by 119.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,574 shares of the real estate investment trust’s stock valued at $72,000 after purchasing an additional 1,399 shares during the last quarter.

PEB stock opened at $32.33 on Friday. The firm has a market cap of $4.22 billion, a PE ratio of 11.85, a PEG ratio of 2.43 and a beta of 1.35. Pebblebrook Hotel Trust has a twelve month low of $26.59 and a twelve month high of $41.65. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.73.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its quarterly earnings data on Monday, February 25th. The real estate investment trust reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.23. Pebblebrook Hotel Trust had a return on equity of 0.64% and a net margin of 1.62%. The business had revenue of $235.64 million during the quarter, compared to analysts’ expectations of $207.53 million. During the same period in the previous year, the firm earned $0.11 earnings per share. The firm’s quarterly revenue was up 31.2% compared to the same quarter last year. On average, equities research analysts predict that Pebblebrook Hotel Trust will post 2.64 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be paid a dividend of $0.38 per share. This is a boost from Pebblebrook Hotel Trust’s previous quarterly dividend of $0.25. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.70%.

PEB has been the subject of several research analyst reports. Barclays reiterated a “buy” rating and issued a $38.00 price objective on shares of Pebblebrook Hotel Trust in a research report on Sunday, December 23rd. TheStreet downgraded Pebblebrook Hotel Trust from a “b-” rating to a “c” rating in a research report on Wednesday, February 27th. ValuEngine upgraded Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Zacks Investment Research upgraded Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, December 5th. Finally, Raymond James dropped their target price on Pebblebrook Hotel Trust from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, December 21st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. Pebblebrook Hotel Trust presently has a consensus rating of “Hold” and an average price target of $36.88.

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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 64 hotels, totaling approximately 15,400 guest rooms, located in 11 states and the District of Columbia, in the following markets: 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; Minneapolis, Minnesota; 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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