Cbre Clarion Securities LLC Invests $15.84 Million in Pebblebrook Hotel Trust (NYSE:PEB)

Cbre Clarion Securities LLC bought a new position in Pebblebrook Hotel Trust (NYSE:PEB) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 652,182 shares of the real estate investment trust’s stock, valued at approximately $15,842,000. Cbre Clarion Securities LLC owned about 0.50% of Pebblebrook Hotel Trust as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in PEB. Heitman Real Estate Securities LLC boosted its stake in shares of Pebblebrook Hotel Trust by 161.8% in the 4th quarter. Heitman Real Estate Securities LLC now owns 3,195,227 shares of the real estate investment trust’s stock worth $60,070,000 after buying an additional 1,974,670 shares during the last quarter. Norges Bank purchased a new position in shares of Pebblebrook Hotel Trust in the 4th quarter worth approximately $32,688,000. Brookfield Asset Management Inc. boosted its stake in shares of Pebblebrook Hotel Trust by 21.2% in the 4th quarter. Brookfield Asset Management Inc. now owns 4,545,828 shares of the real estate investment trust’s stock worth $85,462,000 after buying an additional 795,500 shares during the last quarter. Perry Creek Capital LP purchased a new position in shares of Pebblebrook Hotel Trust in the 4th quarter worth approximately $10,591,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Pebblebrook Hotel Trust by 26.1% in the 4th quarter. Bank of New York Mellon Corp now owns 2,326,492 shares of the real estate investment trust’s stock worth $43,737,000 after buying an additional 481,059 shares during the last quarter.

Several equities analysts recently commented on PEB shares. BTIG Research upped their price objective on Pebblebrook Hotel Trust from $23.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, March 12th. Compass Point upgraded Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and upped their price objective for the company from $23.50 to $26.00 in a research note on Monday, March 1st. Finally, Zacks Investment Research upgraded Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research note on Thursday, March 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $19.31.

Shares of NYSE:PEB traded up $0.15 during trading on Friday, hitting $24.05. 8,321 shares of the company were exchanged, compared to its average volume of 1,569,425. The firm has a market cap of $3.16 billion, a P/E ratio of -5.32 and a beta of 2.05. The firm’s 50 day moving average is $23.42. Pebblebrook Hotel Trust has a 52-week low of $9.83 and a 52-week high of $26.42. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.81.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its earnings results on Thursday, April 29th. The real estate investment trust reported ($0.98) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.42) by ($0.56). Pebblebrook Hotel Trust had a negative return on equity of 16.72% and a negative net margin of 215.31%. On average, analysts anticipate that Pebblebrook Hotel Trust will post -0.74 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, April 15th. Stockholders of record on Wednesday, March 31st were issued a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, March 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.17%. Pebblebrook Hotel Trust’s payout ratio is currently -2.74%.

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 in the United States. The Company owns 53 hotels, totaling approximately 13,200 guestrooms across 14 urban and resort markets, with a focus on the west coast gateway cities.

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

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