Pebblebrook Hotel Trust (PEB) : Duff Phelps Investment Management Co reduced its stake in Pebblebrook Hotel Trust by 11.81% during the most recent quarter end. The investment management company now holds a total of 1,100,853 shares of Pebblebrook Hotel Trust which is valued at $29,370,758 after selling 147,418 shares in Pebblebrook Hotel Trust , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Pebblebrook Hotel Trust makes up approximately 0.42% of Duff Phelps Investment Management Co’s portfolio.
Other Hedge Funds, Including , Spirit Of America Management Corpny boosted its stake in PEB in the latest quarter, The investment management firm added 1,600 additional shares and now holds a total of 83,150 shares of Pebblebrook Hotel Trust which is valued at $2,218,442. Pebblebrook Hotel Trust makes up approx 0.29% of Spirit Of America Management Corpny’s portfolio.Msi Financial Services Inc reduced its stake in PEB by selling 30 shares or 33.33% in the most recent quarter. The Hedge Fund company now holds 60 shares of PEB which is valued at $1,629. Cutler Group Lp added PEB to its portfolio by purchasing 400 company shares during the most recent quarter which is valued at $11,004.First Mercantile Trust Co reduced its stake in PEB by selling 290 shares or 7.92% in the most recent quarter. The Hedge Fund company now holds 3,370 shares of PEB which is valued at $89,339. Pebblebrook Hotel Trust makes up approx 0.01% of First Mercantile Trust Co’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in PEB in the latest quarter, The investment management firm added 3,364 additional shares and now holds a total of 6,685 shares of Pebblebrook Hotel Trust which is valued at $174,479.
Pebblebrook Hotel Trust closed down -0.47 points or -1.73% at $26.68 with 9,63,251 shares getting traded on Friday. Post opening the session at $27.31, the shares hit an intraday low of $26.66 and an intraday high of $27.31 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Pebblebrook Hotel Trust reported $0.81 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 25, 2016. Analyst had a consensus of $0.76. The company had revenue of $212.27 million for the quarter, compared to analysts expectations of $210.59 million. The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS.
Many Wall Street Analysts have commented on Pebblebrook Hotel Trust. Pebblebrook Hotel Trust was Downgraded by Wells Fargo to ” Market Perform” on Jul 26, 2016. Pebblebrook Hotel Trust was Downgraded by Credit Suisse to ” Neutral” on Jul 21, 2016.
Pebblebrook Hotel Trust is a hotel investment company. The Company operates as a real estate investment trust (REIT). The Company is engaged in acquiring and investing in hotel properties located primarily in cities of the United States. It owns interests in around 35 hotels including 29 wholly owned hotels with a total of 6948 guest rooms and a 49% joint venture interest in six hotels with a total of 1775 guest rooms. The hotels are located in markets including Atlanta (Buckhead) Georgia; Bethesda Maryland; Boston Massachusetts; Hollywood California; Los Angeles California; Miami Florida; Minneapolis Minnesota; Nashville Tennessee; New York New York; Philadelphia Pennsylvania; Portland Oregon; San Diego California; San Francisco California; Santa Monica California; Seattle Washington; Stevenson Washington; Washington D.C. and Westwood California among others. The Companys assets are held by and the operations are conducted through Pebblebrook Hotel L.P.