Peregrine Capital Management LLC Has $7.67 Million Holdings in Pebblebrook Hotel Trust (NYSE:PEB)

Peregrine Capital Management LLC reduced its stake in shares of Pebblebrook Hotel Trust (NYSE:PEB – Get Rating) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 572,828 shares of the real estate investment trust’s stock after selling 6,211 shares during the quarter. Peregrine Capital Management LLC owned 0.44% of Pebblebrook Hotel Trust worth $7,670,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Renaissance Technologies LLC raised its stake in Pebblebrook Hotel Trust by 30.7% during the 3rd quarter. Renaissance Technologies LLC now owns 854,100 shares of the real estate investment trust’s stock valued at $12,393,000 after purchasing an additional 200,605 shares during the last quarter. Pearl River Capital LLC raised its stake in Pebblebrook Hotel Trust by 193.5% during the 3rd quarter. Pearl River Capital LLC now owns 42,698 shares of the real estate investment trust’s stock valued at $620,000 after purchasing an additional 28,150 shares during the last quarter. Rehmann Capital Advisory Group raised its stake in Pebblebrook Hotel Trust by 20.8% during the 2nd quarter. Rehmann Capital Advisory Group now owns 42,596 shares of the real estate investment trust’s stock valued at $706,000 after purchasing an additional 7,328 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Pebblebrook Hotel Trust by 16.2% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,544 shares of the real estate investment trust’s stock valued at $255,000 after purchasing an additional 2,450 shares during the last quarter. Finally, Penn Capital Management Company LLC raised its stake in Pebblebrook Hotel Trust by 49.6% during the 2nd quarter. Penn Capital Management Company LLC now owns 480,399 shares of the real estate investment trust’s stock valued at $7,960,000 after purchasing an additional 159,330 shares during the last quarter.

Insider Transactions at Pebblebrook Hotel Trust

In related news, CEO Jon E. Bortz acquired 14,000 shares of the firm’s stock in a transaction on Thursday, March 16th. The shares were purchased at an average price of $13.62 per share, with a total value of $190,680.00. Following the acquisition, the chief executive officer now directly owns 1,108,102 shares in the company, valued at $15,092,349.24. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Jon E. Bortz acquired 14,000 shares of the firm’s stock in a transaction on Thursday, March 16th. The shares were purchased at an average price of $13.62 per share, with a total value of $190,680.00. Following the acquisition, the chief executive officer now directly owns 1,108,102 shares in the company, valued at $15,092,349.24. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jon E. Bortz acquired 14,865 shares of the firm’s stock in a transaction on Wednesday, March 8th. The shares were bought at an average cost of $14.93 per share, for a total transaction of $221,934.45. Following the acquisition, the chief executive officer now owns 1,039,967 shares in the company, valued at $15,526,707.31. The disclosure for this purchase can be found here. 1.90% of the stock is owned by insiders.

Pebblebrook Hotel Trust Trading Down 2.9 %

PEB opened at $13.20 on Friday. The firm’s 50-day simple moving average is $14.97 and its 200-day simple moving average is $15.32. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.77. Pebblebrook Hotel Trust has a twelve month low of $12.54 and a twelve month high of $26.14.

Pebblebrook Hotel Trust (NYSE:PEB – Get Rating) last posted its earnings results on Tuesday, February 21st. The real estate investment trust reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.52). Pebblebrook Hotel Trust had a negative return on equity of 2.77% and a negative net margin of 6.26%. The firm had revenue of $319.61 million during the quarter, compared to the consensus estimate of $309.55 million. During the same period in the previous year, the company posted $0.06 EPS. The firm’s revenue for the quarter was up 29.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Pebblebrook Hotel Trust will post 1.73 EPS for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Friday, March 31st will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.30%. The ex-dividend date is Thursday, March 30th. Pebblebrook Hotel Trust’s payout ratio is -4.12%.

Analysts Set New Price Targets

PEB has been the subject of several research analyst reports. Wells Fargo & Company cut their target price on shares of Pebblebrook Hotel Trust from $18.00 to $17.00 and set an “equal weight” rating for the company in a research note on Thursday, February 2nd. Citigroup boosted their price target on shares of Pebblebrook Hotel Trust from $15.00 to $16.50 and gave the company a “neutral” rating in a report on Wednesday, February 1st. TheStreet lowered shares of Pebblebrook Hotel Trust from a “c-” rating to a “d+” rating in a report on Friday, December 30th. Raymond James lowered shares of Pebblebrook Hotel Trust from an “outperform” rating to a “market perform” rating in a report on Friday, December 9th. Finally, BMO Capital Markets lowered shares of Pebblebrook Hotel Trust from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $20.00 to $18.00 in a report on Friday, December 2nd. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Pebblebrook Hotel Trust presently has a consensus rating of “Hold” and an average target price of $19.50.

Pebblebrook Hotel Trust Company Profile

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Pebblebrook Hotel Trust is a real estate investment trust, engages in investments and acquisitions in hotel properties. Its hotels are located in markets like Atlanta, Georgia, Boston, Massachusetts, Chicago, Illinois, Key West, Miami and Naples, Florida, Los Angeles, San Diego and San Francisco, California, Nashville, Tennessee, New York, New York, Philadelphia, Pennsylvania, Portland, Oregon, and Seattle, Washington.