Pebblebrook Hotel Trust (PEB) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. boosted its stake in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 18.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 534,907 shares of the real estate investment trust’s stock after buying an additional 83,952 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.78% of Pebblebrook Hotel Trust worth $19,336,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Mercantile Trust Co. raised its holdings in shares of Pebblebrook Hotel Trust by 1.7% in the 2nd quarter. First Mercantile Trust Co. now owns 3,680 shares of the real estate investment trust’s stock valued at $119,000 after purchasing an additional 60 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Pebblebrook Hotel Trust by 6.0% in the 2nd quarter. SG Americas Securities LLC now owns 4,401 shares of the real estate investment trust’s stock valued at $142,000 after purchasing an additional 249 shares in the last quarter. GAM Holding AG raised its holdings in shares of Pebblebrook Hotel Trust by 2.3% in the 2nd quarter. GAM Holding AG now owns 5,892 shares of the real estate investment trust’s stock valued at $190,000 after purchasing an additional 134 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Pebblebrook Hotel Trust by 8.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 6,410 shares of the real estate investment trust’s stock valued at $200,000 after purchasing an additional 510 shares in the last quarter. Finally, BB&T Corp bought a new stake in shares of Pebblebrook Hotel Trust in the 3rd quarter valued at about $203,000.

PEB has been the subject of several recent research reports. ValuEngine upgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BTIG Research upgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $40.00 price target for the company in a report on Friday, September 22nd. Zacks Investment Research upgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “strong-buy” rating and set a $41.00 price target for the company in a report on Wednesday, September 27th. Janney Montgomery Scott upgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and boosted their price target for the company from $31.00 to $40.00 in a report on Wednesday, September 27th. Finally, Robert W. Baird lowered shares of Pebblebrook Hotel Trust from an “outperform” rating to a “neutral” rating and set a $34.00 price objective for the company. in a research note on Monday, October 2nd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $36.39.

Pebblebrook Hotel Trust (NYSE PEB) traded down $0.09 during trading hours on Monday, reaching $37.60. 633,800 shares of the company’s stock traded hands, compared to its average volume of 771,071. The stock has a market cap of $2,592.50, a P/E ratio of 14.14, a PEG ratio of 1.58 and a beta of 1.22. Pebblebrook Hotel Trust has a 12 month low of $26.21 and a 12 month high of $38.96. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.31 and a current ratio of 0.31.

Pebblebrook Hotel Trust (NYSE:PEB) last released its earnings results on Monday, October 23rd. The real estate investment trust reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.49. The company had revenue of $201.80 million for the quarter, compared to the consensus estimate of $198.11 million. Pebblebrook Hotel Trust had a net margin of 12.98% and a return on equity of 6.63%. Pebblebrook Hotel Trust’s revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.61) EPS. research analysts anticipate that Pebblebrook Hotel Trust will post 2.51 earnings per share for the current fiscal year.

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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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