Prudential Financial Inc. raised its holdings in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 16.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,555 shares of the real estate investment trust’s stock after buying an additional 3,727 shares during the period. Prudential Financial Inc.’s holdings in Pebblebrook Hotel Trust were worth $960,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. First Mercantile Trust Co. raised its stake in shares of Pebblebrook Hotel Trust by 1.7% during 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 purchasing an additional 60 shares during the period. SG Americas Securities LLC raised its stake in shares of Pebblebrook Hotel Trust by 6.0% during the second quarter. SG Americas Securities LLC now owns 4,401 shares of the real estate investment trust’s stock valued at $142,000 after purchasing an additional 249 shares during the period. GAM Holding AG raised its stake in shares of Pebblebrook Hotel Trust by 2.3% during the second quarter. GAM Holding AG now owns 5,892 shares of the real estate investment trust’s stock valued at $190,000 after purchasing an additional 134 shares during the period. Nisa Investment Advisors LLC raised its stake 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 valued at $200,000 after purchasing an additional 510 shares during the period. Finally, BB&T Corp purchased a new stake in shares of Pebblebrook Hotel Trust during the third quarter valued at approximately $203,000.

Shares of Pebblebrook Hotel Trust (PEB) traded down $0.09 during trading hours on Friday, hitting $37.60. 633,661 shares of the company were exchanged, compared to its average volume of 495,269. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $2,598.71, a price-to-earnings ratio of 14.17, a PEG ratio of 1.58 and a beta of 1.22. Pebblebrook Hotel Trust has a fifty-two week low of $26.21 and a fifty-two week high of $38.96.

Pebblebrook Hotel Trust (NYSE:PEB) last released its earnings results on Monday, October 23rd. The real estate investment trust reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.49. Pebblebrook Hotel Trust had a net margin of 12.98% and a return on equity of 6.63%. The firm had revenue of $201.80 million during the quarter, compared to analyst estimates of $198.11 million. During the same quarter in the previous year, the firm earned ($0.61) earnings per share. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. analysts forecast that Pebblebrook Hotel Trust will post 2.51 earnings per share for the current fiscal year.

A number of analysts have recently issued reports on the stock. Boenning Scattergood reiterated 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 shares of Pebblebrook Hotel Trust and gave the company a “hold” rating in a research note on Wednesday, October 25th. BTIG Research upgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Friday, September 22nd. Stifel Nicolaus reiterated a “hold” rating and set a $34.50 price objective (up previously from $31.50) on shares of Pebblebrook Hotel Trust in a research note on Tuesday, October 24th. Finally, Janney Montgomery Scott upgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $31.00 to $40.00 in a research note on Wednesday, September 27th. Three 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 presently has a consensus rating of “Hold” and an average price target of $36.39.

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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.

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

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