Pebblebrook Hotel Trust (PEB) : K.j. Harrison Partners Inc scooped up 10,000 additional shares in Pebblebrook Hotel Trust during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 60,000 shares of Pebblebrook Hotel Trust which is valued at $1,744,200.Pebblebrook Hotel Trust makes up approximately 0.91% of K.j. Harrison Partners Inc’s portfolio.
Other Hedge Funds, Including , Strs Ohio reduced its stake in PEB by selling 2,334 shares or 1.74% in the most recent quarter. The Hedge Fund company now holds 131,557 shares of PEB which is valued at $3,824,362. Pebblebrook Hotel Trust makes up approx 0.02% of Strs Ohio’s portfolio. Cwm added PEB to its portfolio by purchasing 10 company shares during the most recent quarter which is valued at $311.Loeb Partners Corp reduced its stake in PEB by selling 3,040 shares or 24.13% in the most recent quarter. The Hedge Fund company now holds 9,560 shares of PEB which is valued at $297,603. Pebblebrook Hotel Trust makes up approx 0.10% of Loeb Partners Corp’s portfolio.Eagle Asset Management Inc reduced its stake in PEB by selling 53,423 shares or 61.32% in the most recent quarter. The Hedge Fund company now holds 33,702 shares of PEB which is valued at $1,010,049. Pebblebrook Hotel Trust makes up approx 0.01% of Eagle Asset Management Inc’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in PEB in the latest quarter, The investment management firm added 3,266 additional shares and now holds a total of 3,321 shares of Pebblebrook Hotel Trust which is valued at $89,136.
Pebblebrook Hotel Trust opened for trading at $29.12 and hit $29.72 on the upside on Friday, eventually ending the session at $29.65, with a gain of 1.54% or 0.45 points. The heightened volatility saw the trading volume jump to 11,12,399 shares. Company has a market cap of $2,137 M.
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. Shares were Reiterated by RBC Capital Mkts on May 2, 2016 to “Outperform” and Lowered the Price Target to $ 33 from a previous price target of $34 .
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.