Cbre Clarion Securities LLC Purchases New Position in Pebblebrook Hotel Trust (NYSE:PEB)

Cbre Clarion Securities LLC purchased a new stake in shares of Pebblebrook Hotel Trust (NYSE:PEB) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 652,182 shares of the real estate investment trust’s stock, valued at approximately $15,842,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Meeder Asset Management Inc. increased its position in shares of Pebblebrook Hotel Trust by 1,337.3% during the first quarter. Meeder Asset Management Inc. now owns 1,466 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 1,364 shares in the last quarter. Dupont Capital Management Corp bought a new stake in shares of Pebblebrook Hotel Trust during the fourth quarter valued at approximately $50,000. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Pebblebrook Hotel Trust by 29.4% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,092 shares of the real estate investment trust’s stock valued at $99,000 after acquiring an additional 929 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Pebblebrook Hotel Trust by 33.2% during the fourth quarter. Van ECK Associates Corp now owns 5,229 shares of the real estate investment trust’s stock valued at $98,000 after acquiring an additional 1,304 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of Pebblebrook Hotel Trust during the first quarter valued at approximately $230,000.

Shares of Pebblebrook Hotel Trust stock traded up $0.15 on Friday, hitting $24.05. 8,321 shares of the company’s stock were exchanged, compared to its average volume of 1,569,425. The firm has a 50-day moving average of $23.42. The company has a market capitalization of $3.16 billion, a PE ratio of -5.32 and a beta of 2.05. Pebblebrook Hotel Trust has a 1 year low of $9.83 and a 1 year high of $26.42. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.57 and a quick ratio of 0.57.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings results on Thursday, April 29th. The real estate investment trust reported ($0.98) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.42) by ($0.56). Pebblebrook Hotel Trust had a negative return on equity of 16.72% and a negative net margin of 215.31%. Equities research analysts predict that Pebblebrook Hotel Trust will post -0.74 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 15th. Investors of record on Wednesday, March 31st were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date of this dividend was Tuesday, March 30th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is -2.74%.

A number of equities research analysts have commented on PEB shares. Compass Point raised shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $23.50 to $26.00 in a research report on Monday, March 1st. Zacks Investment Research raised shares of Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research report on Thursday, March 18th. Finally, BTIG Research lifted their target price on shares of Pebblebrook Hotel Trust from $23.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, March 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.31.

Pebblebrook Hotel Trust Profile

Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels in the United States. The Company owns 53 hotels, totaling approximately 13,200 guestrooms across 14 urban and resort markets, with a focus on the west coast gateway cities.

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

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