Pebblebrook Hotel Trust (PEB) Stake Lowered by Loudon Investment Management LLC

Loudon Investment Management LLC trimmed its position in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 2.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,905 shares of the real estate investment trust’s stock after selling 1,633 shares during the period. Pebblebrook Hotel Trust comprises 1.9% of Loudon Investment Management LLC’s portfolio, making the stock its 17th largest position. Loudon Investment Management LLC owned 0.10% of Pebblebrook Hotel Trust worth $1,979,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of PEB. Millennium Management LLC grew its holdings in shares of Pebblebrook Hotel Trust by 39.3% during the 2nd quarter. Millennium Management LLC now owns 39,525 shares of the real estate investment trust’s stock worth $1,534,000 after purchasing an additional 11,141 shares in the last quarter. United Services Automobile Association grew its holdings in shares of Pebblebrook Hotel Trust by 14.0% during the 2nd quarter. United Services Automobile Association now owns 15,381 shares of the real estate investment trust’s stock worth $597,000 after purchasing an additional 1,883 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Pebblebrook Hotel Trust by 80.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 21,828 shares of the real estate investment trust’s stock worth $793,000 after purchasing an additional 9,719 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Pebblebrook Hotel Trust by 160.6% during the 3rd quarter. First Trust Advisors LP now owns 56,697 shares of the real estate investment trust’s stock worth $2,062,000 after purchasing an additional 34,943 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Pebblebrook Hotel Trust by 563.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 631,364 shares of the real estate investment trust’s stock worth $22,922,000 after purchasing an additional 536,269 shares in the last quarter.

PEB stock traded down $0.19 during trading on Tuesday, hitting $32.91. The company had a trading volume of 71,768 shares, compared to its average volume of 1,198,070. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 12.81, a P/E/G ratio of 2.47 and a beta of 1.39. Pebblebrook Hotel Trust has a fifty-two week low of $26.59 and a fifty-two week high of $41.65.

In related news, Director Cydney Donnell purchased 1,400 shares of the firm’s stock in a transaction that occurred on Friday, December 7th. The shares were acquired at an average price of $35.58 per share, with a total value of $49,812.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 2.20% of the stock is owned by insiders.

Several analysts recently commented on the company. Zacks Investment Research raised Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, December 5th. ValuEngine lowered Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, January 2nd. Goldman Sachs Group reaffirmed a “sell” rating and issued a $26.00 price target on shares of Pebblebrook Hotel Trust in a research note on Thursday, January 10th. Stifel Nicolaus raised Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Monday, November 12th. Finally, Bank of America reaffirmed a “buy” rating and issued a $36.00 price target on shares of Pebblebrook Hotel Trust in a research note on Monday, October 29th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $36.88.

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Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust is a publicly traded real estate investment trust (“REIT”) organized to opportunistically acquire and invest primarily in upper upscale, full-service hotels located in urban markets in major gateway cities. The Company owns 64 hotels, totaling approximately 15,400 guest rooms, located in 11 states and the District of Columbia, in the following markets: Del Mar, California; Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Santa Cruz, California; Washington, DC; Coral Gables, Florida; Key West, Florida; Naples, Florida; Buckhead, Georgia; Chicago, Illinois; Boston, Massachusetts; Minneapolis, Minnesota; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.

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Institutional Ownership by Quarter for Pebblebrook Hotel Trust (NYSE:PEB)

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