Pebblebrook Hotel Trust (PEB) Stake Decreased by Penn Capital Management Co. Inc.

Penn Capital Management Co. Inc. lessened its holdings in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 16.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 204,047 shares of the real estate investment trust’s stock after selling 41,456 shares during the period. Penn Capital Management Co. Inc.’s holdings in Pebblebrook Hotel Trust were worth $7,012,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Telemus Capital LLC lifted its holdings in shares of Pebblebrook Hotel Trust by 3.1% during the 1st quarter. Telemus Capital LLC now owns 10,888 shares of the real estate investment trust’s stock valued at $338,000 after purchasing an additional 328 shares in the last quarter. Rehmann Capital Advisory Group bought a new position in shares of Pebblebrook Hotel Trust during the 4th quarter valued at about $25,000. State Treasurer State of Michigan lifted its holdings in shares of Pebblebrook Hotel Trust by 2.0% during the 1st quarter. State Treasurer State of Michigan now owns 46,556 shares of the real estate investment trust’s stock valued at $1,446,000 after purchasing an additional 900 shares in the last quarter. Congress Asset Management Co. MA lifted its holdings in shares of Pebblebrook Hotel Trust by 3.6% during the 4th quarter. Congress Asset Management Co. MA now owns 27,668 shares of the real estate investment trust’s stock valued at $783,000 after purchasing an additional 950 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in shares of Pebblebrook Hotel Trust by 2.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 35,000 shares of the real estate investment trust’s stock valued at $1,087,000 after purchasing an additional 1,000 shares in the last quarter.

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

NYSE PEB opened at $31.26 on Thursday. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 2.35 and a beta of 1.34. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.68. Pebblebrook Hotel Trust has a 52 week low of $26.59 and a 52 week high of $41.65.

Pebblebrook Hotel Trust (NYSE:PEB) last released its earnings results on Thursday, April 25th. The real estate investment trust reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.06. The firm had revenue of $267.20 million for the quarter, compared to analysts’ expectations 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 business’s quarterly revenue was up 47.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.67 EPS. As a group, equities analysts expect 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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