Pebblebrook Hotel Trust $PEB Shares Newly Purchased by VCI Wealth Management LLC

VCI Wealth Management LLC purchased a new stake in Pebblebrook Hotel Trust (NYSE:PEB) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 122,254 shares of the real estate investment trust’s stock, valued at approximately $2,293,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Cim Investment Management Inc. lifted its position in Pebblebrook Hotel Trust by 7.3% during the 2nd quarter. Cim Investment Management Inc. now owns 13,180 shares of the real estate investment trust’s stock worth $256,000 after acquiring an additional 893 shares during the period. Sequoia Financial Advisors LLC grew its stake in shares of Pebblebrook Hotel Trust by 9.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 11,001 shares of the real estate investment trust’s stock valued at $214,000 after purchasing an additional 910 shares during the last quarter. Corient Private Wealth LP increased its holdings in shares of Pebblebrook Hotel Trust by 1.3% in the second quarter. Corient Private Wealth LP now owns 77,931 shares of the real estate investment trust’s stock valued at $1,513,000 after purchasing an additional 1,024 shares during the period. GAMMA Investing LLC increased its holdings in shares of Pebblebrook Hotel Trust by 10.5% in the second quarter. GAMMA Investing LLC now owns 11,876 shares of the real estate investment trust’s stock valued at $231,000 after purchasing an additional 1,130 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Pebblebrook Hotel Trust by 23.2% in the third quarter. Nisa Investment Advisors LLC now owns 6,282 shares of the real estate investment trust’s stock valued at $118,000 after purchasing an additional 1,185 shares during the period.

Pebblebrook Hotel Trust Price Performance

Shares of NYSE:PEB opened at $21.93 on Tuesday. Pebblebrook Hotel Trust has a 52 week low of $9.99 and a 52 week high of $22.07. The company has a 50-day moving average price of $19.05 and a 200 day moving average price of $16.12. The company has a market cap of $2.48 billion, a P/E ratio of 12.06, a PEG ratio of 1.01 and a beta of 1.43. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.83.

Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings data on Thursday, October 29th. The real estate investment trust reported ($0.56) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.59). Pebblebrook Hotel Trust had a negative return on equity of 1.83% and a negative net margin of 3.11%. The business had revenue of $402.75 million during the quarter, compared to analysts’ expectations of $393.55 million. During the same quarter in the previous year, the company posted $0.51 EPS. The company’s revenue was up 1.0% compared to the same quarter last year. Research analysts predict that Pebblebrook Hotel Trust will post 1.74 earnings per share for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.2%. Pebblebrook Hotel Trust’s dividend payout ratio is -4.55%.

Analyst Upgrades and Downgrades

PEB has been the subject of several analyst reports. Evercore set a $21.00 price target on Pebblebrook Hotel Trust in a research note on Monday, October 26th. Wells Fargo & Company lifted their price objective on shares of Pebblebrook Hotel Trust from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Monday, October 26th. Barclays dropped their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set an “underweight” rating on the stock in a research note on Thursday, August 27th. Cantor Fitzgerald upped their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $19.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Finally, Citigroup raised their target price on shares of Pebblebrook Hotel Trust from $15.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $18.27.

Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust (NYSE:PEB) is a publicly traded real estate investment trust that owns and invests in upscale, full-service hotels and resorts in the United States. The company focuses on acquiring, developing, and repositioning lodging properties in major urban and resort destinations.

Its portfolio includes hotels operating under a variety of national, regional, and independent brands. Pebblebrook generally owns the underlying real estate while hotels are operated through management agreements, providing lodging accommodations, food and beverage services, meeting and event facilities, and other guest amenities.

Founded in 2009, Pebblebrook Hotel Trust has emphasized properties in markets with strong tourism, business travel, and cultural or recreational appeal.