Teachers Insurance & Annuity Association of America raised its holdings in Pebblebrook Hotel Trust (NYSE:PEB) by 24.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 149,517 shares of the real estate investment trust’s stock after acquiring an additional 29,421 shares during the period. Teachers Insurance & Annuity Association of America owned about 0.11% of Pebblebrook Hotel Trust worth $4,213,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Swiss National Bank lifted its stake in shares of Pebblebrook Hotel Trust by 2.9% in the 1st quarter. Swiss National Bank now owns 237,712 shares of the real estate investment trust’s stock valued at $7,383,000 after acquiring an additional 6,700 shares during the last quarter. American Assets Investment Management LLC increased its holdings in Pebblebrook Hotel Trust by 60.0% in the 2nd quarter. American Assets Investment Management LLC now owns 40,000 shares of the real estate investment trust’s stock worth $1,127,000 after purchasing an additional 15,000 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Pebblebrook Hotel Trust by 8.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 68,848 shares of the real estate investment trust’s stock worth $1,940,000 after purchasing an additional 5,534 shares in the last quarter. Mason Street Advisors LLC raised its position in Pebblebrook Hotel Trust by 3.5% in the first quarter. Mason Street Advisors LLC now owns 69,406 shares of the real estate investment trust’s stock valued at $2,156,000 after purchasing an additional 2,351 shares during the last quarter. Finally, Westpac Banking Corp raised its position in Pebblebrook Hotel Trust by 23.4% in the first quarter. Westpac Banking Corp now owns 377,922 shares of the real estate investment trust’s stock valued at $11,738,000 after purchasing an additional 71,750 shares during the last quarter.

Shares of NYSE:PEB traded up $0.46 during midday trading on Wednesday, reaching $29.50. The company’s stock had a trading volume of 81,721 shares, compared to its average volume of 795,122. Pebblebrook Hotel Trust has a fifty-two week low of $25.64 and a fifty-two week high of $37.09. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a 50 day moving average price of $27.06 and a two-hundred day moving average price of $29.49. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 2.15 and a beta of 1.34.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. The firm had revenue of $442.08 million for the quarter, compared to analysts’ expectations of $435.37 million. Pebblebrook Hotel Trust had a negative return on equity of 0.10% and a negative net margin of 0.25%. The company’s revenue for the quarter was up 114.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.81 EPS. As a group, research analysts anticipate that Pebblebrook Hotel Trust will post 2.65 earnings per share for the current year.

Several analysts have recently weighed in on the company. BTIG Research cut Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating in a report on Thursday, August 15th. Bank of America lowered shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $33.00 to $29.00 in a report on Wednesday, July 17th. Zacks Investment Research upgraded shares of Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, July 31st. Wells Fargo & Co reaffirmed a “hold” rating on shares of Pebblebrook Hotel Trust in a research note on Tuesday, July 23rd. Finally, Capital One Financial began coverage on shares of Pebblebrook Hotel Trust in a research note on Tuesday, June 25th. They set an “overweight” rating and a $35.00 price target for the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. Pebblebrook Hotel Trust currently has an average rating of “Hold” and an average price target of $34.91.

Pebblebrook Hotel Trust Profile

Pebblebrook Hotel Trust is a publicly traded real estate investment trust (“REIT”) organized to opportunistically acquire and invest primarily in upper upscale, full-service hotels located in urban markets in major gateway cities. The Company owns 61 hotels, totaling approximately 14,600 guest rooms, located in 10 states and the District of Columbia, including: Del Mar, California; Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Santa Cruz, California; Washington, DC; Coral Gables, Florida; Key West, Florida; Naples, Florida; Buckhead, Georgia; Chicago, Illinois; Boston, Massachusetts; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.

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

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