Schroder Investment Management Group lowered its stake in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 6.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 379,862 shares of the real estate investment trust’s stock after selling 28,307 shares during the quarter. Schroder Investment Management Group owned about 0.55% of Pebblebrook Hotel Trust worth $12,498,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brookfield Asset Management Inc. increased its holdings in shares of Pebblebrook Hotel Trust by 3,466.2% during the first quarter. Brookfield Asset Management Inc. now owns 3,551,910 shares of the real estate investment trust’s stock valued at $103,751,000 after acquiring an additional 3,452,310 shares in the last quarter. Waratah Capital Advisors Ltd. increased its holdings in shares of Pebblebrook Hotel Trust by 212.5% during the first quarter. Waratah Capital Advisors Ltd. now owns 81,000 shares of the real estate investment trust’s stock valued at $2,366,000 after acquiring an additional 55,084 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Pebblebrook Hotel Trust by 3.1% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,549 shares of the real estate investment trust’s stock valued at $337,000 after buying an additional 350 shares during the last quarter. State of Alaska Department of Revenue boosted its position in Pebblebrook Hotel Trust by 33.5% in the second quarter. State of Alaska Department of Revenue now owns 8,130 shares of the real estate investment trust’s stock valued at $261,000 after buying an additional 2,040 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in Pebblebrook Hotel Trust by 8.6% in the second quarter. Nisa Investment Advisors LLC now owns 6,410 shares of the real estate investment trust’s stock valued at $200,000 after buying an additional 510 shares during the last quarter.

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Shares of Pebblebrook Hotel Trust (NYSE:PEB) opened at 34.29 on Friday. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 124.69 and a beta of 1.24. Pebblebrook Hotel Trust has a 12 month low of $23.56 and a 12 month high of $34.93. The company has a 50-day moving average price of $32.96 and a 200-day moving average price of $31.31.

Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.75 EPS for the quarter, topping the consensus estimate of $0.67 by $0.08. The company had revenue of $205.72 million for the quarter, compared to analyst estimates of $199.30 million. Pebblebrook Hotel Trust had a return on equity of 2.59% and a net margin of 5.09%. The firm’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 earnings per share. On average, analysts expect that Pebblebrook Hotel Trust will post $1.07 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 4.43%. The ex-dividend date is Thursday, September 28th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is 506.68%.

Pebblebrook Hotel Trust declared that its board has initiated a share buyback plan on Thursday, July 27th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to reacquire up to 4.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

A number of brokerages recently commented on PEB. BidaskClub upgraded Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Zacks Investment Research upgraded Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research report on Friday, July 14th. Boenning Scattergood reiterated a “hold” rating on shares of Pebblebrook Hotel Trust in a research report on Monday, July 31st. ValuEngine lowered Pebblebrook Hotel Trust from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. Finally, Barclays PLC reiterated a “buy” rating and issued a $35.00 target price on shares of Pebblebrook Hotel Trust in a research report on Wednesday, June 28th. Three analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $31.92.

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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