Chicago Equity Partners LLC Acquires 53,040 Shares of Pebblebrook Hotel Trust (NYSE:PEB)

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Chicago Equity Partners LLC increased its holdings in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 71.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 127,596 shares of the real estate investment trust’s stock after buying an additional 53,040 shares during the period. Chicago Equity Partners LLC owned about 0.18% of Pebblebrook Hotel Trust worth $4,951,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Federated Investors Inc. PA increased its stake in Pebblebrook Hotel Trust by 302.0% during the 1st quarter. Federated Investors Inc. PA now owns 4,100 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 3,080 shares during the period. Assetmark Inc. increased its stake in Pebblebrook Hotel Trust by 278.2% during the 2nd quarter. Assetmark Inc. now owns 4,168 shares of the real estate investment trust’s stock worth $162,000 after buying an additional 3,066 shares during the period. Integrated Investment Consultants LLC purchased a new stake in Pebblebrook Hotel Trust during the 2nd quarter worth approximately $203,000. Campbell & CO Investment Adviser LLC purchased a new stake in Pebblebrook Hotel Trust during the 2nd quarter worth approximately $213,000. Finally, Sheaff Brock Investment Advisors LLC purchased a new stake in Pebblebrook Hotel Trust during the 2nd quarter worth approximately $219,000.

Shares of NYSE:PEB traded up $0.05 during trading hours on Friday, reaching $36.85. The stock had a trading volume of 1,524,900 shares, compared to its average volume of 842,441. Pebblebrook Hotel Trust has a 1 year low of $32.73 and a 1 year high of $41.65. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.55. The company has a market cap of $2.49 billion, a PE ratio of 14.34, a P/E/G ratio of 2.73 and a beta of 1.25.

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

The business also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date of this dividend is Thursday, September 27th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is 59.14%.

Several equities research analysts recently weighed in on the stock. ValuEngine raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Zacks Investment Research raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research report on Saturday, July 28th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $40.00 price objective on shares of Pebblebrook Hotel Trust in a research report on Wednesday, August 15th. 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 presently has a consensus rating of “Hold” and an average price target of $39.50.

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 28 hotels, with a total of 6,973 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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