Bank of Montreal Can increased its holdings in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 1,837.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 665,633 shares of the real estate investment trust’s stock after buying an additional 631,269 shares during the period. Bank of Montreal Can owned about 0.51% of Pebblebrook Hotel Trust worth $16,048,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its position in Pebblebrook Hotel Trust by 132.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 158,786 shares of the real estate investment trust’s stock worth $3,857,000 after buying an additional 90,576 shares during the period. CIBC World Markets Inc. boosted its position in Pebblebrook Hotel Trust by 2.3% during the 4th quarter. CIBC World Markets Inc. now owns 72,524 shares of the real estate investment trust’s stock worth $1,363,000 after buying an additional 1,611 shares during the period. Swiss National Bank boosted its position in Pebblebrook Hotel Trust by 0.9% during the 1st quarter. Swiss National Bank now owns 299,112 shares of the real estate investment trust’s stock worth $7,265,000 after buying an additional 2,800 shares during the period. Guggenheim Capital LLC bought a new position in Pebblebrook Hotel Trust during the 4th quarter worth approximately $2,172,000. Finally, Principal Financial Group Inc. raised its holdings in Pebblebrook Hotel Trust by 1.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,701,792 shares of the real estate investment trust’s stock worth $31,994,000 after purchasing an additional 21,875 shares during the last quarter.
NYSE:PEB opened at $23.38 on Wednesday. The company has a fifty day moving average of $23.39. The company has a market cap of $3.07 billion, a price-to-earnings ratio of -5.21 and a beta of 2.06. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.81. Pebblebrook Hotel Trust has a twelve month low of $9.83 and a twelve month high of $26.42.
Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings data on Thursday, April 29th. The real estate investment trust reported ($0.98) earnings per share for the quarter, missing the consensus estimate of ($0.42) by ($0.56). Pebblebrook Hotel Trust had a negative net margin of 215.31% and a negative return on equity of 16.72%. Equities research analysts anticipate that Pebblebrook Hotel Trust will post -0.71 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 15th. Investors of record on Wednesday, June 30th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.17%. The ex-dividend date of this dividend is Tuesday, June 29th. Pebblebrook Hotel Trust’s payout ratio is currently -2.74%.
Several research firms have issued reports on PEB. BTIG Research raised their price target on shares of Pebblebrook Hotel Trust from $23.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, March 12th. Zacks Investment Research upgraded shares of Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a report on Thursday, March 18th. Finally, Compass Point upgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and raised their price target for the stock from $23.50 to $26.00 in a report on Monday, March 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $20.25.
Pebblebrook Hotel Trust Company Profile
Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels in the United States. The Company owns 53 hotels, totaling approximately 13,200 guestrooms across 14 urban and resort markets, with a focus on the west coast gateway cities.
Read More: Marijuana Stocks
Want to see what other hedge funds are holding PEB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pebblebrook Hotel Trust (NYSE:PEB).