Texas Permanent School Fund raised its holdings in Pebblebrook Hotel Trust (NYSE:PEB) by 5.8% during the first quarter, HoldingsChannel.com reports. The firm owned 88,620 shares of the real estate investment trust’s stock after buying an additional 4,848 shares during the period. Texas Permanent School Fund’s holdings in Pebblebrook Hotel Trust were worth $2,753,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of PEB. Rehmann Capital Advisory Group acquired a new position in Pebblebrook Hotel Trust in the fourth quarter valued at $25,000. San Francisco Sentry Investment Group CA purchased a new stake in shares of Pebblebrook Hotel Trust in the fourth quarter valued at about $36,000. Pearl River Capital LLC purchased a new stake in shares of Pebblebrook Hotel Trust in the first quarter valued at about $40,000. Oregon Public Employees Retirement Fund purchased a new stake in shares of Pebblebrook Hotel Trust in the fourth quarter valued at about $53,000. Finally, LSV Asset Management purchased a new stake in shares of Pebblebrook Hotel Trust in the fourth quarter valued at about $57,000.

Several analysts have recently weighed in on PEB shares. Barclays reaffirmed a “buy” rating and issued a $38.00 target price on shares of Pebblebrook Hotel Trust in a report on Tuesday, February 19th. TheStreet downgraded shares of Pebblebrook Hotel Trust from a “b-” rating to a “c” rating in a report on Wednesday, February 27th. ValuEngine raised shares of Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Zacks Investment Research raised shares of Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 21st. Finally, SunTrust Banks started coverage on shares of Pebblebrook Hotel Trust in a report on Monday, May 6th. They issued a “hold” rating and a $43.00 target price on the stock. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $37.00.

Shares of NYSE:PEB traded up $0.20 during midday trading on Thursday, hitting $31.58. The stock had a trading volume of 8,543 shares, compared to its average volume of 1,228,058. The company has a market cap of $4.06 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 2.35 and a beta of 1.34. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.68. Pebblebrook Hotel Trust has a 1 year low of $26.59 and a 1 year high of $41.65.

Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. The firm had revenue of $267.20 million for the quarter, compared to the consensus estimate of $358.66 million. Pebblebrook Hotel Trust had a negative net margin of 0.53% and a negative return on equity of 0.20%. The firm’s revenue was up 47.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.67 earnings per share. On average, research analysts forecast that Pebblebrook Hotel Trust will post 2.65 EPS for the current year.

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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 61 hotels, totaling approximately 14,600 guest rooms, located in 10 states and the District of Columbia, including: 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; 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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