UBS Group AG Increases Stake in Pebblebrook Hotel Trust (PEB)

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UBS Group AG lifted its position in Pebblebrook Hotel Trust (NYSE:PEB) by 91.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,754 shares of the real estate investment trust’s stock after buying an additional 6,091 shares during the period. UBS Group AG’s holdings in Pebblebrook Hotel Trust were worth $438,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC lifted its position in shares of Pebblebrook Hotel Trust by 8.5% during the first quarter. Lord Abbett & CO. LLC now owns 1,623,160 shares of the real estate investment trust’s stock worth $55,756,000 after purchasing an additional 126,757 shares in the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of Pebblebrook Hotel Trust during the first quarter worth about $1,350,000. FIL Ltd lifted its position in shares of Pebblebrook Hotel Trust by 7.7% during the first quarter. FIL Ltd now owns 313,340 shares of the real estate investment trust’s stock worth $10,763,000 after purchasing an additional 22,480 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of Pebblebrook Hotel Trust by 6.2% during the first quarter. Nomura Asset Management Co. Ltd. now owns 42,490 shares of the real estate investment trust’s stock worth $1,460,000 after purchasing an additional 2,470 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. lifted its position in shares of Pebblebrook Hotel Trust by 61.1% during the first quarter. Old Mutual Global Investors UK Ltd. now owns 142,228 shares of the real estate investment trust’s stock worth $4,885,000 after purchasing an additional 53,969 shares in the last quarter.

Several analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Pebblebrook Hotel Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, June 13th. ValuEngine lowered shares of Pebblebrook Hotel Trust from a “buy” rating to a “hold” rating in a research note on Monday, June 18th. Boenning Scattergood restated a “hold” rating on shares of Pebblebrook Hotel Trust in a research note on Monday, April 30th. Finally, Robert W. Baird upped their target price on shares of Pebblebrook Hotel Trust from $37.00 to $38.00 and gave the stock a “hold” rating in a research note on Tuesday, May 1st. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Pebblebrook Hotel Trust has an average rating of “Hold” and an average target price of $38.79.

PEB stock opened at $37.49 on Tuesday. The company has a market cap of $2.59 billion, a P/E ratio of 13.55, a PEG ratio of 2.84 and a beta of 1.27. Pebblebrook Hotel Trust has a fifty-two week low of $31.29 and a fifty-two week high of $41.65. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.82 and a current ratio of 0.82.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its quarterly earnings results on Wednesday, July 25th. The real estate investment trust reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.05. The company had revenue of $206.50 million for the quarter, compared to analyst estimates of $207.37 million. Pebblebrook Hotel Trust had a net margin of 15.71% and a return on equity of 7.99%. The firm’s revenue was up .4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.75 earnings per share. analysts anticipate that Pebblebrook Hotel Trust will post 2.64 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 16th. Shareholders of record on Friday, June 29th were paid a $0.38 dividend. The ex-dividend date was Thursday, June 28th. This represents a $1.52 annualized dividend and a yield of 4.05%. Pebblebrook Hotel Trust’s dividend payout ratio is currently 59.14%.

About Pebblebrook Hotel Trust

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 28 hotels, with a total of 6,972 guest rooms. The Company owns hotels located in 9 states and the District of Columbia, including: Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Washington, DC; Coral Gables, Florida; Naples, Florida; Buckhead, Georgia; Boston, Massachusetts; Minneapolis, Minnesota; 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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