Kemper Corp Master Retirement Trust grew its stake in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 0.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,700 shares of the real estate investment trust’s stock after acquiring an additional 25 shares during the period. Kemper Corp Master Retirement Trust’s holdings in Pebblebrook Hotel Trust were worth $216,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. State Street Corp raised its stake in Pebblebrook Hotel Trust by 0.8% in the second quarter. State Street Corp now owns 2,386,186 shares of the real estate investment trust’s stock worth $76,928,000 after buying an additional 19,242 shares in the last quarter. Janus Henderson Group PLC bought a new position in Pebblebrook Hotel Trust in the second quarter worth approximately $4,088,000. Macquarie Group Ltd. raised its stake in Pebblebrook Hotel Trust by 24.3% in the second quarter. Macquarie Group Ltd. now owns 1,099,047 shares of the real estate investment trust’s stock worth $35,433,000 after buying an additional 214,688 shares in the last quarter. Voya Investment Management LLC raised its stake in Pebblebrook Hotel Trust by 10.3% in the second quarter. Voya Investment Management LLC now owns 32,233 shares of the real estate investment trust’s stock worth $1,039,000 after buying an additional 3,010 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Pebblebrook Hotel Trust by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,059,676 shares of the real estate investment trust’s stock worth $34,166,000 after buying an additional 49,972 shares in the last quarter.

A number of equities analysts recently commented on PEB shares. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $35.00 price objective (up previously from $32.00) on shares of Pebblebrook Hotel Trust in a research note on Wednesday, June 28th. Zacks Investment Research raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “strong-buy” rating and set a $41.00 price objective for the company in a research note on Wednesday, September 27th. ValuEngine raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Boenning Scattergood reissued a “hold” rating on shares of Pebblebrook Hotel Trust in a research note on Monday, July 31st. Finally, BidaskClub lowered shares of Pebblebrook Hotel Trust from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Pebblebrook Hotel Trust currently has an average rating of “Hold” and an average price target of $35.06.

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Pebblebrook Hotel Trust (NYSE:PEB) traded down 0.06% during midday trading on Monday, reaching $36.10. 89,104 shares of the company’s stock traded hands. Pebblebrook Hotel Trust has a 1-year low of $23.56 and a 1-year high of $36.38. The company has a market capitalization of $2.49 billion, a PE ratio of 131.27 and a beta of 1.26. The firm’s 50 day moving average price is $34.04 and its 200-day moving average price is $32.06.

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

Pebblebrook Hotel Trust declared that its Board of Directors has initiated a stock buyback program on Thursday, July 27th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to repurchase up to 4.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

The firm also recently disclosed 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 4.21%. The ex-dividend date of this dividend is Thursday, September 28th. Pebblebrook Hotel Trust’s payout ratio is currently 506.68%.

About Pebblebrook Hotel Trust

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.

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

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