Pebblebrook Hotel Trust (PEB) Position Increased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its holdings in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 6.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,000,551 shares of the real estate investment trust’s stock after purchasing an additional 226,167 shares during the quarter. Daiwa Securities Group Inc. owned about 0.06% of Pebblebrook Hotel Trust worth $148,700,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. California Public Employees Retirement System raised its stake in Pebblebrook Hotel Trust by 9.5% during the 4th quarter. California Public Employees Retirement System now owns 177,879 shares of the real estate investment trust’s stock valued at $6,612,000 after purchasing an additional 15,382 shares during the period. American Century Companies Inc. bought a new stake in Pebblebrook Hotel Trust in the 4th quarter worth approximately $7,811,000. US Bancorp DE increased its stake in Pebblebrook Hotel Trust by 7.1% in the 4th quarter. US Bancorp DE now owns 39,967 shares of the real estate investment trust’s stock worth $1,486,000 after acquiring an additional 2,634 shares during the last quarter. Dupont Capital Management Corp increased its stake in Pebblebrook Hotel Trust by 17.1% in the 4th quarter. Dupont Capital Management Corp now owns 54,730 shares of the real estate investment trust’s stock worth $2,034,000 after acquiring an additional 7,983 shares during the last quarter. Finally, Chicago Equity Partners LLC bought a new stake in Pebblebrook Hotel Trust in the 4th quarter worth approximately $2,839,000.

A number of analysts have issued reports on PEB shares. Stifel Nicolaus reaffirmed a “hold” rating and issued a $31.50 price objective on shares of Pebblebrook Hotel Trust in a research note on Thursday, October 12th. Boenning Scattergood reaffirmed a “hold” rating on shares of Pebblebrook Hotel Trust in a research note on Wednesday, October 25th. Robert W. Baird set a $35.00 price objective on Pebblebrook Hotel Trust and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Barclays lifted their price objective on Pebblebrook Hotel Trust from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 25th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Pebblebrook Hotel Trust in a research note on Wednesday, October 25th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. Pebblebrook Hotel Trust has a consensus rating of “Hold” and a consensus price target of $36.72.

Pebblebrook Hotel Trust (PEB) opened at $35.05 on Friday. The firm has a market capitalization of $2,510.45, a P/E ratio of 27.17, a PEG ratio of 1.47 and a beta of 1.20. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.56. Pebblebrook Hotel Trust has a 12-month low of $26.21 and a 12-month high of $39.74.

The business also recently announced a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 4.34%. The ex-dividend date was Thursday, December 28th. Pebblebrook Hotel Trust’s dividend payout ratio is currently 117.83%.

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Pebblebrook Hotel Trust 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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