Pebblebrook Hotel Trust (PEB) : Assetmark Inc reduced its stake in Pebblebrook Hotel Trust by 6.67% during the most recent quarter end. The investment management company now holds a total of 279,263 shares of Pebblebrook Hotel Trust which is valued at $8,302,489 after selling 19,955 shares in Pebblebrook Hotel Trust , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Pebblebrook Hotel Trust makes up approximately 0.14% of Assetmark Inc’s portfolio.
Other Hedge Funds, Including , Gerstein Fisher sold out all of its stake in PEB during the most recent quarter. The investment firm sold 7,719 shares of PEB which is valued $229,486. Plante Moran Financial Advisors added PEB to its portfolio by purchasing 81 company shares during the most recent quarter which is valued at $2,430.Shinko Asset Management Ltd. reduced its stake in PEB by selling 47 shares or 0.01% in the most recent quarter. The Hedge Fund company now holds 785,062 shares of PEB which is valued at $24,438,980. Pebblebrook Hotel Trust makes up approx 0.17% of Shinko Asset Management Ltd.’s portfolio.Loeb Partners Corp reduced its stake in PEB by selling 3,040 shares or 24.13% in the most recent quarter. The Hedge Fund company now holds 9,560 shares of PEB which is valued at $297,603. Pebblebrook Hotel Trust makes up approx 0.10% of Loeb Partners Corp’s portfolio.Gw&k Investment Management reduced its stake in PEB by selling 24,642 shares or 3.21% in the most recent quarter. The Hedge Fund company now holds 742,418 shares of PEB which is valued at $20,654,069. Pebblebrook Hotel Trust makes up approx 0.42% of Gw&k Investment Management’s portfolio.
Pebblebrook Hotel Trust opened for trading at $30.01 and hit $30.4404 on the upside on Monday, eventually ending the session at $30.25, with a gain of 1.00% or 0.3 points. The heightened volatility saw the trading volume jump to 4,97,148 shares. Company has a market cap of $2,180 M.
On the company’s financial health, Pebblebrook Hotel Trust reported $0.81 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 25, 2016. Analyst had a consensus of $0.76. The company had revenue of $212.27 million for the quarter, compared to analysts expectations of $210.59 million. The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS.
Many Wall Street Analysts have commented on Pebblebrook Hotel Trust. Pebblebrook Hotel Trust was Downgraded by Wells Fargo to ” Market Perform” on Jul 26, 2016. Pebblebrook Hotel Trust was Downgraded by Credit Suisse to ” Neutral” on Jul 21, 2016.
Pebblebrook Hotel Trust is a hotel investment company. The Company operates as a real estate investment trust (REIT). The Company is engaged in acquiring and investing in hotel properties located primarily in cities of the United States. It owns interests in around 35 hotels including 29 wholly owned hotels with a total of 6948 guest rooms and a 49% joint venture interest in six hotels with a total of 1775 guest rooms. The hotels are located in markets including Atlanta (Buckhead) Georgia; Bethesda Maryland; Boston Massachusetts; Hollywood California; Los Angeles California; Miami Florida; Minneapolis Minnesota; Nashville Tennessee; New York New York; Philadelphia Pennsylvania; Portland Oregon; San Diego California; San Francisco California; Santa Monica California; Seattle Washington; Stevenson Washington; Washington D.C. and Westwood California among others. The Companys assets are held by and the operations are conducted through Pebblebrook Hotel L.P.