Public Employees Retirement Association of Colorado Buys 60,708 Shares of Pebblebrook Hotel Trust (NYSE:PEB)

Public Employees Retirement Association of Colorado raised its stake in Pebblebrook Hotel Trust (NYSE:PEB) by 12.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 557,264 shares of the real estate investment trust’s stock after purchasing an additional 60,708 shares during the quarter. Public Employees Retirement Association of Colorado owned 0.43% of Pebblebrook Hotel Trust worth $15,704,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Telemus Capital LLC raised its holdings in shares of Pebblebrook Hotel Trust by 3.1% during the first quarter. Telemus Capital LLC now owns 10,888 shares of the real estate investment trust’s stock valued at $338,000 after acquiring an additional 328 shares in the last quarter. New York State Teachers Retirement System grew its stake in Pebblebrook Hotel Trust by 0.3% in the first quarter. New York State Teachers Retirement System now owns 126,218 shares of the real estate investment trust’s stock worth $3,920,000 after purchasing an additional 391 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Pebblebrook Hotel Trust by 2.4% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,999 shares of the real estate investment trust’s stock worth $714,000 after purchasing an additional 531 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of Pebblebrook Hotel Trust by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 53,807 shares of the real estate investment trust’s stock valued at $1,516,000 after buying an additional 746 shares during the last quarter. Finally, State Treasurer State of Michigan boosted its position in shares of Pebblebrook Hotel Trust by 2.0% during the first 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 buying an additional 900 shares during the last quarter.

NYSE PEB opened at $26.36 on Thursday. The stock has a 50-day moving average of $27.51. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.28 and a quick ratio of 0.28. Pebblebrook Hotel Trust has a 52 week low of $25.64 and a 52 week high of $39.40. The company has a market capitalization of $3.49 billion, a P/E ratio of 10.76, a P/E/G ratio of 2.02 and a beta of 1.34.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.85 EPS for the quarter, topping the consensus estimate of $0.83 by $0.02. Pebblebrook Hotel Trust had a negative return on equity of 0.10% and a negative net margin of 0.25%. The firm had revenue of $442.08 million for the quarter, compared to the consensus estimate of $435.37 million. During the same quarter last year, the company earned $0.81 earnings per share. The business’s revenue for the quarter was up 114.1% compared to the same quarter last year. On average, analysts forecast that Pebblebrook Hotel Trust will post 2.65 EPS for the current fiscal year.

Several equities research analysts recently commented on the company. BTIG Research cut Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating in a research report on Thursday. Capital One Financial assumed coverage on Pebblebrook Hotel Trust in a research report on Tuesday, June 25th. They set an “overweight” rating and a $35.00 price objective on the stock. Wells Fargo & Co reaffirmed a “hold” rating on shares of Pebblebrook Hotel Trust in a research report on Tuesday, July 23rd. Zacks Investment Research raised Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, July 31st. Finally, Bank of America cut Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $33.00 to $29.00 in a research report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $35.33.

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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