Pebblebrook Hotel Trust (PEB) Shares Sold by Adams Diversified Equity Fund Inc.

Adams Diversified Equity Fund Inc. decreased its stake in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 51.1% in the 1st quarter, Holdings Channel reports. The firm owned 9,100 shares of the real estate investment trust’s stock after selling 9,500 shares during the quarter. Adams Diversified Equity Fund Inc.’s holdings in Pebblebrook Hotel Trust were worth $283,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. BNP Paribas Arbitrage SA increased its position in Pebblebrook Hotel Trust by 1,943.4% during the first quarter. BNP Paribas Arbitrage SA now owns 55,643 shares of the real estate investment trust’s stock worth $1,728,000 after purchasing an additional 52,920 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in Pebblebrook Hotel Trust by 2.8% during the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 37,238 shares of the real estate investment trust’s stock worth $1,157,000 after purchasing an additional 1,000 shares during the last quarter. Virginia Retirement Systems ET AL increased its position in Pebblebrook Hotel Trust by 429.2% during the first quarter. Virginia Retirement Systems ET AL now owns 38,963 shares of the real estate investment trust’s stock worth $1,210,000 after purchasing an additional 31,600 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in Pebblebrook Hotel Trust by 5.3% during the first quarter. Oppenheimer Asset Management Inc. now owns 56,354 shares of the real estate investment trust’s stock worth $1,751,000 after purchasing an additional 2,850 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in Pebblebrook Hotel Trust by 11.5% during the first quarter. Nisa Investment Advisors LLC now owns 63,314 shares of the real estate investment trust’s stock worth $1,967,000 after purchasing an additional 6,545 shares during the last quarter.

Several brokerages recently commented on PEB. Zacks Investment Research raised shares of Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 21st. Barclays reissued a “buy” rating and issued a $38.00 price objective on shares of Pebblebrook Hotel Trust in a research report on Tuesday, February 19th. TheStreet lowered shares of Pebblebrook Hotel Trust from a “b-” rating to a “c” rating in a research report on Wednesday, February 27th. ValuEngine raised shares of Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Finally, Citigroup initiated coverage on shares of 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. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $36.33.

Pebblebrook Hotel Trust stock opened at $32.86 on Monday. Pebblebrook Hotel Trust has a 52-week low of $26.59 and a 52-week high of $41.65. The firm has a market capitalization of $4.29 billion, a PE ratio of 13.41, a price-to-earnings-growth ratio of 2.49 and a beta of 1.34. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.73.

Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.06. Pebblebrook Hotel Trust had a negative net margin of 0.53% and a negative return on equity of 0.24%. The company had revenue of $267.20 million during the quarter, compared to analyst estimates of $358.66 million. During the same quarter in the prior year, the business earned $0.67 earnings per share. The business’s quarterly revenue was up 47.5% compared to the same quarter last year. Research analysts anticipate that Pebblebrook Hotel Trust will post 2.64 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This is an increase from Pebblebrook Hotel Trust’s previous quarterly dividend of $0.25. This represents a $1.52 annualized dividend and a dividend yield of 4.63%. Pebblebrook Hotel Trust’s dividend payout ratio is 62.04%.

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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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