Telemus Capital LLC Has $338,000 Position in Pebblebrook Hotel Trust (PEB)

Telemus Capital LLC boosted its holdings in Pebblebrook Hotel Trust (NYSE:PEB) by 3.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 10,888 shares of the real estate investment trust’s stock after acquiring an additional 328 shares during the quarter. Telemus Capital LLC’s holdings in Pebblebrook Hotel Trust were worth $338,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Pebblebrook Hotel Trust by 179.0% during the fourth quarter. BlackRock Inc. now owns 19,330,941 shares of the real estate investment trust’s stock worth $547,260,000 after acquiring an additional 12,403,220 shares in the last quarter. Cohen & Steers Inc. increased its position in shares of Pebblebrook Hotel Trust by 5.3% during the fourth quarter. Cohen & Steers Inc. now owns 10,928,694 shares of the real estate investment trust’s stock worth $309,391,000 after acquiring an additional 549,948 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Pebblebrook Hotel Trust by 27.2% during the first quarter. Daiwa Securities Group Inc. now owns 6,226,417 shares of the real estate investment trust’s stock worth $193,393,000 after acquiring an additional 1,330,005 shares in the last quarter. Northern Trust Corp increased its position in shares of Pebblebrook Hotel Trust by 178.8% during the fourth quarter. Northern Trust Corp now owns 4,598,665 shares of the real estate investment trust’s stock worth $130,189,000 after acquiring an additional 2,949,076 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Pebblebrook Hotel Trust by 109.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,405,757 shares of the real estate investment trust’s stock worth $68,107,000 after acquiring an additional 1,257,345 shares in the last quarter.

A number of research analysts recently weighed in on the stock. SunTrust Banks assumed coverage on shares of Pebblebrook Hotel Trust in a research report on Monday. They issued a “hold” rating and a $43.00 target price for the company. Citigroup assumed coverage on shares of Pebblebrook Hotel Trust in a research report on Thursday, March 28th. They issued a “neutral” rating and a $32.00 target price for the company. Goldman Sachs Group reaffirmed a “sell” rating and issued a $26.00 target price on shares of Pebblebrook Hotel Trust in a research report on Thursday, January 10th. ValuEngine downgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Thursday, January 24th. Finally, TheStreet downgraded shares of Pebblebrook Hotel Trust from a “b-” rating to a “c” rating in a research report on Wednesday, February 27th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $37.00.

Shares of PEB stock opened at $31.73 on Friday. The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 2.52 and a beta of 1.34. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.68. Pebblebrook Hotel Trust has a one year low of $26.59 and a one year high of $41.65.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. The firm had revenue of $267.20 million during the quarter, compared to analysts’ expectations of $358.66 million. Pebblebrook Hotel Trust had a negative net margin of 0.53% and a negative return on equity of 0.20%. The company’s revenue for the quarter was up 47.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.67 earnings per share. As a group, equities research analysts predict that Pebblebrook Hotel Trust will post 2.65 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a $0.38 dividend. The ex-dividend date was Thursday, March 28th. This represents a $1.52 dividend on an annualized basis and a yield of 4.79%. This is a boost from Pebblebrook Hotel Trust’s previous quarterly dividend of $0.25. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is currently 62.04%.

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Pebblebrook Hotel Trust 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 61 hotels, totaling approximately 14,600 guest rooms, located in 10 states and the District of Columbia, including: 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; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.

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Want to see what other hedge funds are holding PEB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pebblebrook Hotel Trust (NYSE:PEB).

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

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