Pebblebrook Hotel Trust (PEB) : American Assets Investment Management scooped up 30,000 additional shares in Pebblebrook Hotel Trust during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 55,000 shares of Pebblebrook Hotel Trust which is valued at $1,647,250.Pebblebrook Hotel Trust makes up approximately 0.39% of American Assets Investment Management’s portfolio.
Other Hedge Funds, Including , Raymond James Associates boosted its stake in PEB in the latest quarter, The investment management firm added 119,033 additional shares and now holds a total of 333,690 shares of Pebblebrook Hotel Trust which is valued at $9,994,016. Pebblebrook Hotel Trust makes up approx 0.03% of Raymond James Associates’s portfolio.Alexandria Capital boosted its stake in PEB in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 104 shares of Pebblebrook Hotel Trust which is valued at $3,220.Diam Ltd. reduced its stake in PEB by selling 10,630 shares or 6.38% in the most recent quarter. The Hedge Fund company now holds 156,100 shares of PEB which is valued at $4,683,000. Pebblebrook Hotel Trust makes up approx 0.07% of Diam Ltd.’s portfolio.Msi Financial Services Inc reduced its stake in PEB by selling 128 shares or 58.72% in the most recent quarter. The Hedge Fund company now holds 90 shares of PEB which is valued at $2,616.
Pebblebrook Hotel Trust closed down -0.45 points or -1.50% at $29.59 with 22,16,402 shares getting traded on Thursday. Post opening the session at $30.01, the shares hit an intraday low of $28.815 and an intraday high of $30.1 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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.