Raymond James Financial Services Advisors Inc. Sells 568 Shares of Pebblebrook Hotel Trust (NYSE:PEB)

Raymond James Financial Services Advisors Inc. cut its position in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 2.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 20,342 shares of the real estate investment trust’s stock after selling 568 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Pebblebrook Hotel Trust were worth $632,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Rehmann Capital Advisory Group bought a new position in Pebblebrook Hotel Trust during the fourth quarter worth about $25,000. Pearl River Capital LLC bought a new position in Pebblebrook Hotel Trust during the first quarter worth about $40,000. Oregon Public Employees Retirement Fund bought a new position in Pebblebrook Hotel Trust during the fourth quarter worth about $53,000. LSV Asset Management bought a new position in Pebblebrook Hotel Trust during the fourth quarter worth about $57,000. Finally, Enlightenment Research LLC bought a new position in Pebblebrook Hotel Trust during the fourth quarter worth about $59,000.

PEB stock opened at $28.57 on Thursday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.29 and a quick ratio of 0.29. Pebblebrook Hotel Trust has a fifty-two week low of $26.59 and a fifty-two week high of $40.16. The company has a market capitalization of $3.75 billion, a P/E ratio of 11.66, a P/E/G ratio of 2.16 and a beta of 1.40.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.46 earnings per share 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 0.20%. The firm had revenue of $267.20 million during the quarter, compared to analysts’ expectations of $358.66 million. During the same quarter in the previous year, the company posted $0.67 EPS. Pebblebrook Hotel Trust’s revenue was up 47.5% on a year-over-year basis. As a group, sell-side analysts forecast that Pebblebrook Hotel Trust will post 2.66 EPS for the current fiscal year.

A number of research analysts have commented on the stock. Zacks Investment Research upgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Wednesday. SunTrust Banks assumed coverage on shares of Pebblebrook Hotel Trust in a research note on Monday, May 6th. They set a “hold” rating and a $43.00 price target for the company. Citigroup assumed coverage on shares of Pebblebrook Hotel Trust in a research note on Thursday, March 28th. They set a “neutral” rating and a $32.00 price target for the company. TheStreet cut shares of Pebblebrook Hotel Trust from a “b-” rating to a “c” rating in a research note on Wednesday, February 27th. Finally, Barclays reiterated a “buy” rating and issued a $38.00 target price on shares of Pebblebrook Hotel Trust in a research note on Tuesday, February 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. Pebblebrook Hotel Trust currently has an average rating of “Hold” and an average price target of $36.10.

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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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