Pebblebrook Hotel Trust (PEB) : Investment Counselors Of Maryland scooped up 139,950 additional shares in Pebblebrook Hotel Trust during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 717,036 shares of Pebblebrook Hotel Trust which is valued at $21,317,480.Pebblebrook Hotel Trust makes up approximately 1.11% of Investment Counselors Of Maryland’s portfolio.
Other Hedge Funds, Including , Edge Asset Management Inc boosted its stake in PEB in the latest quarter, The investment management firm added 975,914 additional shares and now holds a total of 1,194,327 shares of Pebblebrook Hotel Trust which is valued at $37,251,059. Pebblebrook Hotel Trust makes up approx 0.32% of Edge Asset Management Inc’s portfolio. Huntington National Bank sold out all of its stake in PEB during the most recent quarter. The investment firm sold 530 shares of PEB which is valued $15,407.1st Global Advisors boosted its stake in PEB in the latest quarter, The investment management firm added 135 additional shares and now holds a total of 12,843 shares of Pebblebrook Hotel Trust which is valued at $399,803. Pebblebrook Hotel Trust makes up approx 0.05% of 1st Global Advisors’s portfolio.Checchi Capital Advisers reduced its stake in PEB by selling 252 shares or 42.42% in the most recent quarter. The Hedge Fund company now holds 342 shares of PEB which is valued at $10,646.
Pebblebrook Hotel Trust closed down -0.75 points or -2.47% at $29.63 with 10,61,235 shares getting traded on Wednesday. Post opening the session at $30.32, the shares hit an intraday low of $29.245 and an intraday high of $30.42 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.