Sumitomo Mitsui Trust Holdings Inc. Acquires 1,405 Shares of Pebblebrook Hotel Trust (PEB)
Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 2.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,758 shares of the real estate investment trust’s stock after buying an additional 1,405 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.10% of Pebblebrook Hotel Trust worth $2,668,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Federated Investors Inc. PA boosted its stake in Pebblebrook Hotel Trust by 302.0% during the first quarter. Federated Investors Inc. PA now owns 4,100 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 3,080 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Pebblebrook Hotel Trust during the second quarter worth $213,000. Sheaff Brock Investment Advisors LLC acquired a new stake in Pebblebrook Hotel Trust during the second quarter worth $219,000. BB&T Corp acquired a new stake in Pebblebrook Hotel Trust during the second quarter worth $222,000. Finally, Lido Advisors LLC acquired a new stake in Pebblebrook Hotel Trust during the first quarter worth $245,000.
A number of equities research analysts have weighed in on PEB shares. Boenning Scattergood reiterated a “hold” rating on shares of Pebblebrook Hotel Trust in a research note on Monday, April 30th. Zacks Investment Research downgraded shares of Pebblebrook Hotel Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, June 13th. Royal Bank of Canada reiterated a “buy” rating and set a $40.00 price target on shares of Pebblebrook Hotel Trust in a research note on Wednesday. Robert W. Baird lifted their price target on shares of Pebblebrook Hotel Trust from $37.00 to $38.00 and gave the stock a “hold” rating in a research note on Tuesday, May 1st. Finally, ValuEngine upgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Pebblebrook Hotel Trust presently has an average rating of “Hold” and an average target price of $39.50.
Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings data on Wednesday, July 25th. The real estate investment trust reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.05. The company had revenue of $206.50 million during the quarter, compared to analysts’ expectations of $207.37 million. Pebblebrook Hotel Trust had a return on equity of 7.99% and a net margin of 15.71%. The business’s revenue was up .4% on a year-over-year basis. During the same period last year, the business earned $0.75 earnings per share. sell-side analysts predict that Pebblebrook Hotel Trust will post 2.64 earnings per share for the current year.
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 28 hotels, with a total of 6,972 guest rooms. The Company owns hotels located in 9 states and the District of Columbia, including: Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Washington, DC; Coral Gables, Florida; Naples, Florida; Buckhead, Georgia; Boston, Massachusetts; Minneapolis, Minnesota; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.
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