Cbre Investment Management Listed Real Assets LLC Purchases Shares of 1,017,568 Pebblebrook Hotel Trust (NYSE:PEB)

Cbre Investment Management Listed Real Assets LLC purchased a new stake in Pebblebrook Hotel Trust (NYSE:PEB) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 1,017,568 shares of the real estate investment trust’s stock, valued at approximately $13,788,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PEB. Nordea Investment Management AB increased its stake in Pebblebrook Hotel Trust by 90.2% in the 4th quarter. Nordea Investment Management AB now owns 746,763 shares of the real estate investment trust’s stock valued at $10,193,000 after buying an additional 354,116 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Pebblebrook Hotel Trust by 5.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,418,159 shares of the real estate investment trust’s stock valued at $31,992,000 after acquiring an additional 130,265 shares during the period. Atom Investors LP bought a new position in shares of Pebblebrook Hotel Trust in the 3rd quarter valued at about $1,363,000. GSA Capital Partners LLP grew its position in shares of Pebblebrook Hotel Trust by 47.4% in the 3rd quarter. GSA Capital Partners LLP now owns 223,654 shares of the real estate investment trust’s stock valued at $2,959,000 after acquiring an additional 71,920 shares during the period. Finally, PEAK6 Investments LLC bought a new position in shares of Pebblebrook Hotel Trust in the 3rd quarter valued at about $884,000.

Analyst Upgrades and Downgrades

PEB has been the subject of several research analyst reports. Stifel Nicolaus raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and lifted their target price for the stock from $14.75 to $15.00 in a report on Friday, November 22nd. Wells Fargo & Company dropped their price objective on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 18th. StockNews.com cut shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Wednesday. Compass Point upgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Thursday, November 21st. Finally, Wedbush cut shares of Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price objective for the company. in a research report on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Pebblebrook Hotel Trust has a consensus rating of “Hold” and a consensus target price of $14.14.

Pebblebrook Hotel Trust Stock Down 3.5 %

Shares of NYSE PEB opened at $11.84 on Wednesday. The firm has a market cap of $1.42 billion, a PE ratio of -40.81, a P/E/G ratio of 0.60 and a beta of 1.85. Pebblebrook Hotel Trust has a 12-month low of $11.47 and a 12-month high of $16.61. The company’s fifty day simple moving average is $12.99 and its 200 day simple moving average is $13.11. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.04 annualized dividend and a yield of 0.34%. Pebblebrook Hotel Trust’s payout ratio is -9.30%.

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels and resorts in the United States. The Company owns 47 hotels and resorts, totaling approximately 12,200 guest rooms across 13 urban and resort markets.