Bank of Montreal Can lifted its position in Pebblebrook Hotel Trust (NYSE:PEB) by 9.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 105,212 shares of the real estate investment trust’s stock after buying an additional 8,879 shares during the period. Bank of Montreal Can’s holdings in Pebblebrook Hotel Trust were worth $3,910,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. Teachers Advisors LLC lifted its position in Pebblebrook Hotel Trust by 2.3% during the second quarter. Teachers Advisors LLC now owns 127,767 shares of the real estate investment trust’s stock valued at $4,119,000 after purchasing an additional 2,909 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Pebblebrook Hotel Trust during the second quarter valued at $418,000. California Public Employees Retirement System lifted its position in Pebblebrook Hotel Trust by 1.5% during the second quarter. California Public Employees Retirement System now owns 167,400 shares of the real estate investment trust’s stock valued at $5,397,000 after purchasing an additional 2,500 shares in the last quarter. M&T Bank Corp lifted its position in Pebblebrook Hotel Trust by 12.5% during the second quarter. M&T Bank Corp now owns 8,848 shares of the real estate investment trust’s stock valued at $286,000 after purchasing an additional 986 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its position in Pebblebrook Hotel Trust by 22.9% during the second quarter. Parametric Portfolio Associates LLC now owns 79,619 shares of the real estate investment trust’s stock valued at $2,567,000 after purchasing an additional 14,818 shares in the last quarter.

Shares of Pebblebrook Hotel Trust (NYSE PEB) opened at $36.41 on Wednesday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $2,510.00, a PE ratio of 28.45, a price-to-earnings-growth ratio of 1.52 and a beta of 1.20. Pebblebrook Hotel Trust has a twelve month low of $26.21 and a twelve month high of $39.74.

The firm also recently declared a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.52 dividend on an annualized basis and a yield of 4.17%. Pebblebrook Hotel Trust’s dividend payout ratio is presently 118.75%.

Several equities analysts recently weighed in on the company. Robert W. Baird reiterated a “hold” rating and set a $38.00 target price on shares of Pebblebrook Hotel Trust in a research report on Friday, January 12th. Barclays reiterated a “buy” rating and set a $39.00 target price on shares of Pebblebrook Hotel Trust in a research report on Friday, December 15th. Stifel Nicolaus reiterated a “hold” rating and set a $36.50 target price on shares of Pebblebrook Hotel Trust in a research report on Sunday, December 3rd. Boenning Scattergood reiterated a “hold” rating on shares of Pebblebrook Hotel Trust in a research report on Wednesday, October 25th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $35.00 target price on shares of Pebblebrook Hotel Trust in a research report on Wednesday, October 25th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. Pebblebrook Hotel Trust presently has an average rating of “Hold” and an average price target of $36.72.

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Pebblebrook Hotel Trust Company 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.

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

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