Piedmont Investment Advisors Inc. Buys Shares of 7,411 Pebblebrook Hotel Trust (NYSE:PEB)

Piedmont Investment Advisors Inc. bought a new stake in Pebblebrook Hotel Trust (NYSE:PEB) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,411 shares of the real estate investment trust’s stock, valued at approximately $230,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Rehmann Capital Advisory Group bought a new position in shares of Pebblebrook Hotel Trust during the 4th quarter valued at about $25,000. Pearl River Capital LLC acquired a new position in Pebblebrook Hotel Trust in the first quarter worth approximately $40,000. Oregon Public Employees Retirement Fund acquired a new position in Pebblebrook Hotel Trust in the fourth quarter worth approximately $53,000. LSV Asset Management acquired a new position in Pebblebrook Hotel Trust in the fourth quarter worth approximately $57,000. Finally, Enlightenment Research LLC acquired a new position in Pebblebrook Hotel Trust in the fourth quarter worth approximately $59,000.

Shares of Pebblebrook Hotel Trust stock traded up $0.17 on Friday, reaching $28.18. 1,335,837 shares of the company were exchanged, compared to its average volume of 1,175,032. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.68. The firm has a market cap of $3.56 billion, a P/E ratio of 11.50, a price-to-earnings-growth ratio of 2.04 and a beta of 1.40. Pebblebrook Hotel Trust has a one year low of $26.59 and a one year high of $39.88. The firm’s 50-day moving average is $29.08.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its earnings results on Thursday, April 25th. The real estate investment trust reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. The business had revenue of $267.20 million for the quarter, compared to analyst estimates of $358.66 million. Pebblebrook Hotel Trust had a negative return on equity of 0.20% and a negative net margin of 0.53%. The firm’s revenue was up 47.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.67 EPS. Analysts anticipate that Pebblebrook Hotel Trust will post 2.66 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 5.39%. The ex-dividend date is Thursday, June 27th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is currently 62.04%.

A number of research firms recently commented on PEB. SunTrust Banks assumed coverage on Pebblebrook Hotel Trust in a report on Monday, May 6th. They issued a “hold” rating and a $43.00 price objective on the stock. Zacks Investment Research cut Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Tuesday, March 12th. Citigroup assumed coverage on Pebblebrook Hotel Trust in a research report on Thursday, March 28th. They issued a “neutral” rating and a $32.00 price objective for the company. Finally, Capital One Financial started coverage on Pebblebrook Hotel Trust in a research report on Tuesday. They set an “overweight” rating and a $35.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. Pebblebrook Hotel Trust has a consensus rating of “Hold” and an average target price of $35.92.

Pebblebrook Hotel Trust Company 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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