Virtus ETF Advisers LLC acquired a new stake in Pebblebrook Hotel Trust (NYSE:PEB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 80,794 shares of the real estate investment trust’s stock, valued at approximately $2,277,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Swiss National Bank grew its stake in Pebblebrook Hotel Trust by 2.9% in the 1st quarter. Swiss National Bank now owns 237,712 shares of the real estate investment trust’s stock valued at $7,383,000 after acquiring an additional 6,700 shares during the last quarter. American Assets Investment Management LLC boosted its stake in shares of Pebblebrook Hotel Trust by 60.0% during the 2nd quarter. American Assets Investment Management LLC now owns 40,000 shares of the real estate investment trust’s stock worth $1,127,000 after purchasing an additional 15,000 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Pebblebrook Hotel Trust by 8.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 68,848 shares of the real estate investment trust’s stock worth $1,940,000 after purchasing an additional 5,534 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in shares of Pebblebrook Hotel Trust during the 2nd quarter worth about $1,463,000. Finally, Mason Street Advisors LLC boosted its stake in shares of Pebblebrook Hotel Trust by 3.5% during the 1st quarter. Mason Street Advisors LLC now owns 69,406 shares of the real estate investment trust’s stock worth $2,156,000 after purchasing an additional 2,351 shares during the last quarter.

Shares of PEB traded down $0.07 during mid-day trading on Friday, hitting $28.58. The company had a trading volume of 60,334 shares, compared to its average volume of 804,737. The business’s 50-day simple moving average is $27.11 and its 200-day simple moving average is $29.47. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.65. Pebblebrook Hotel Trust has a 1-year low of $25.64 and a 1-year high of $37.09. The stock has a market cap of $3.77 billion, a PE ratio of 11.66, a P/E/G ratio of 2.19 and a beta of 1.34.

Pebblebrook Hotel Trust (NYSE:PEB) last released its earnings results on Thursday, July 25th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.02. Pebblebrook Hotel Trust had a negative net margin of 0.25% and a negative return on equity of 0.10%. The business had revenue of $442.08 million for the quarter, compared to analysts’ expectations of $435.37 million. During the same period last year, the company earned $0.81 earnings per share. The company’s quarterly revenue was up 114.1% on a year-over-year basis. On average, sell-side analysts expect that Pebblebrook Hotel Trust will post 2.65 earnings per share for the current year.

Several equities research analysts have issued reports on the stock. BTIG Research cut shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating in a research note on Thursday, August 15th. Bank of America cut shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $33.00 to $29.00 in a research note on Wednesday, July 17th. Wells Fargo & Co reaffirmed a “hold” rating on shares of Pebblebrook Hotel Trust in a research note on Tuesday, July 23rd. Zacks Investment Research raised shares of Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, July 31st. Finally, Capital One Financial assumed coverage on shares of Pebblebrook Hotel Trust in a research note on Tuesday, June 25th. They set an “overweight” rating and a $35.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $34.91.

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

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