Pebblebrook Hotel Trust (NYSE:PEB) Shares Bought by Macquarie Group Ltd.

Macquarie Group Ltd. raised its holdings in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 6.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,173,896 shares of the real estate investment trust’s stock after acquiring an additional 74,849 shares during the period. Macquarie Group Ltd. owned approximately 1.70% of Pebblebrook Hotel Trust worth $42,424,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of PEB. Principal Financial Group Inc. raised its position in shares of Pebblebrook Hotel Trust by 156.1% during the 2nd quarter. Principal Financial Group Inc. now owns 2,516,668 shares of the real estate investment trust’s stock valued at $81,137,000 after acquiring an additional 1,533,874 shares during the last quarter. Lord Abbett & CO. LLC bought a new stake in shares of Pebblebrook Hotel Trust during the 2nd quarter valued at $19,701,000. Russell Investments Group Ltd. raised its position in shares of Pebblebrook Hotel Trust by 313.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 422,291 shares of the real estate investment trust’s stock valued at $13,645,000 after acquiring an additional 320,034 shares during the last quarter. William Blair Investment Management LLC raised its position in shares of Pebblebrook Hotel Trust by 35.9% during the 2nd quarter. William Blair Investment Management LLC now owns 620,796 shares of the real estate investment trust’s stock valued at $20,014,000 after acquiring an additional 163,873 shares during the last quarter. Finally, Janus Henderson Group PLC bought a new stake in shares of Pebblebrook Hotel Trust during the 2nd quarter valued at $4,088,000.

Several analysts have commented on the stock. Boenning Scattergood reiterated a “hold” rating on shares of Pebblebrook Hotel Trust in a research report on Wednesday, October 25th. Robert W. Baird set a $35.00 target price on shares of Pebblebrook Hotel Trust and gave the company a “hold” rating in a research report on Wednesday, October 25th. BTIG Research upgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Friday, September 22nd. Stifel Nicolaus reissued a “hold” rating and issued a $34.50 price target (up previously from $31.50) on shares of Pebblebrook Hotel Trust in a report on Tuesday, October 24th. Finally, Janney Montgomery Scott raised shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and boosted their price target for the company from $31.00 to $40.00 in a report on Wednesday, September 27th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $36.39.

Shares of Pebblebrook Hotel Trust (NYSE PEB) traded down $0.16 during mid-day trading on Thursday, hitting $37.69. 447,013 shares of the stock traded hands, compared to its average volume of 771,597. Pebblebrook Hotel Trust has a one year low of $26.21 and a one year high of $38.96. The firm has a market cap of $2,610.00, a price-to-earnings ratio of 14.31, a price-to-earnings-growth ratio of 1.60 and a beta of 1.22. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.56.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its quarterly earnings results on Monday, October 23rd. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.49. The company had revenue of $201.80 million during the quarter, compared to analyst estimates of $198.11 million. Pebblebrook Hotel Trust had a net margin of 12.98% and a return on equity of 6.63%. The firm’s revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.61) EPS. sell-side analysts predict that Pebblebrook Hotel Trust will post 2.51 earnings per share for the current year.

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Pebblebrook Hotel Trust Profile

Pebblebrook Hotel Trust is an internally managed hotel investment company. The Company is a real estate investment trust (REIT) that acquires and invests in hotel properties located primarily in cities of the United States. As of December 31, 2016, the Company owned 29 hotels with a total of 7,219 guest rooms.

Institutional Ownership by Quarter for Pebblebrook Hotel Trust (NYSE:PEB)

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