122,254 Shares of Pebblebrook Hotel Trust $PEB Purchased by VCI Wealth Management LLC

Key Points

• VCI Wealth Management LLC acquired 122,254 shares of Pebblebrook Hotel Trust during the third quarter, valued at approximately $2.29 million and representing a 0.11% stake.
• Pebblebrook reported quarterly revenue of $402.75 million, exceeding estimates, but posted a loss of $0.56 per share versus consensus expectations for $0.03 in earnings.
• The stock opened at $21.93 after rising 1.8%, while analysts maintained a consensus “Hold” rating with an average price target of $18.27; the company also paid a quarterly dividend of $0.01 per share.

VCI Wealth Management LLC bought a new position in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 122,254 shares of the real estate investment trust's stock, valued at approximately $2,293,000. VCI Wealth Management LLC owned 0.11% of Pebblebrook Hotel Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Nykredit A S purchased a new stake in Pebblebrook Hotel Trust during the 2nd quarter worth about $51,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Pebblebrook Hotel Trust during the 1st quarter worth about $34,000. Group One Trading LLC acquired a new stake in shares of Pebblebrook Hotel Trust during the 2nd quarter worth about $86,000. Nisa Investment Advisors LLC raised its position in shares of Pebblebrook Hotel Trust by 23.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,282 shares of the real estate investment trust's stock worth $118,000 after acquiring an additional 1,185 shares in the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new stake in Pebblebrook Hotel Trust during the first quarter worth approximately $127,000.

Pebblebrook Hotel Trust Stock Up 1.8%

Shares of NYSE PEB opened at $21.93 on Tuesday. The stock has a market cap of $2.48 billion, a PE ratio of 12.06, a price-to-earnings-growth ratio of 1.01 and a beta of 1.43. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.83. Pebblebrook Hotel Trust has a 52-week low of $9.99 and a 52-week high of $22.07. The business has a 50-day moving average price of $19.05 and a 200 day moving average price of $16.12.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The real estate investment trust reported ($0.56) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.59). The firm had revenue of $402.75 million for the quarter, compared to analyst estimates of $393.55 million. Pebblebrook Hotel Trust had a negative return on equity of 1.83% and a negative net margin of 3.11%. The company's quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the firm earned $0.51 EPS. Equities research analysts forecast that Pebblebrook Hotel Trust will post 1.74 earnings per share for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a $0.01 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $0.04 annualized dividend and a yield of 0.2%. Pebblebrook Hotel Trust's dividend payout ratio is -4.55%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Wells Fargo & Company upped their price target on Pebblebrook Hotel Trust from $19.00 to $20.00 and gave the company an "equal weight" rating in a report on Monday, October 26th. Raymond James Financial raised their price objective on shares of Pebblebrook Hotel Trust from $18.00 to $20.00 and gave the stock an "outperform" rating in a report on Monday, September 28th. Wall Street Zen downgraded shares of Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research report on Saturday. Evercore set a $21.00 target price on shares of Pebblebrook Hotel Trust in a report on Monday, October 26th. Finally, Stifel Nicolaus set a $22.00 target price on shares of Pebblebrook Hotel Trust in a report on Monday, October 19th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $18.27.

Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust NYSE: PEB is a publicly traded real estate investment trust that owns and invests in upscale, full-service hotels and resorts in the United States. The company focuses on acquiring, developing, and repositioning lodging properties in major urban and resort destinations.

Its portfolio includes hotels operating under a variety of national, regional, and independent brands. Pebblebrook generally owns the underlying real estate while hotels are operated through management agreements, providing lodging accommodations, food and beverage services, meeting and event facilities, and other guest amenities.

Founded in 2009, Pebblebrook Hotel Trust has emphasized properties in markets with strong tourism, business travel, and cultural or recreational appeal.

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