Pebblebrook Hotel Trust (NYSE:PEB) saw unusually-strong trading volume on Thursday . Approximately 1,738,719 shares traded hands during trading, an increase of 52% from the previous session’s volume of 1,142,991 shares.The stock last traded at $29.99 and had previously closed at $29.97.

A number of equities analysts recently commented on PEB shares. Stifel Nicolaus reiterated a “hold” rating on shares of Pebblebrook Hotel Trust in a research report on Tuesday, March 29th. Royal Bank Of Canada reduced their price objective on Pebblebrook Hotel Trust from $34.00 to $33.00 and set an “outperform” rating on the stock in a research report on Monday, May 2nd. Credit Suisse Group AG downgraded Pebblebrook Hotel Trust from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $30.00 to $29.00 in a research report on Thursday. TheStreet upgraded Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating in a research report on Monday, July 11th. Finally, Evercore ISI downgraded Pebblebrook Hotel Trust from a “buy” rating to a “hold” rating and lifted their target price for the company from $27.00 to $30.00 in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $33.30.

The company has a market capitalization of $2.19 billion and a PE ratio of 29.82. The company has a 50-day moving average of $26.73 and a 200-day moving average of $26.37.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its earnings results on Wednesday, April 27th. The real estate investment trust reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.10. The company had revenue of $196.20 million for the quarter, compared to analyst estimates of $190.78 million. Pebblebrook Hotel Trust’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 EPS. Equities analysts anticipate that Pebblebrook Hotel Trust will post $2.76 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date of this dividend was Tuesday, June 28th.

In other Pebblebrook Hotel Trust news, CFO Raymond D. Martz sold 15,848 shares of the stock in a transaction on Tuesday, June 14th. The stock was sold at an average price of $25.26, for a total transaction of $400,320.48. Following the transaction, the chief financial officer now owns 177,526 shares of the company’s stock, valued at approximately $4,484,306.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Several hedge funds and institutional investors have modified their holdings of PEB. ProShare Advisors LLC raised its position in shares of Pebblebrook Hotel Trust by 21.2% in the fourth quarter. ProShare Advisors LLC now owns 36,425 shares of the real estate investment trust’s stock worth $1,021,000 after buying an additional 6,369 shares in the last quarter. Nationwide Fund Advisors raised its position in shares of Pebblebrook Hotel Trust by 1.4% in the fourth quarter. Nationwide Fund Advisors now owns 55,108 shares of the real estate investment trust’s stock worth $1,544,000 after buying an additional 739 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of Pebblebrook Hotel Trust by 2.9% in the fourth quarter. New York State Common Retirement Fund now owns 92,081 shares of the real estate investment trust’s stock worth $2,580,000 after buying an additional 2,598 shares in the last quarter. Rhumbline Advisers raised its position in shares of Pebblebrook Hotel Trust by 1.2% in the fourth quarter. Rhumbline Advisers now owns 111,570 shares of the real estate investment trust’s stock worth $3,126,000 after buying an additional 1,310 shares in the last quarter. Finally, California State Teachers Retirement System raised its position in shares of Pebblebrook Hotel Trust by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 133,206 shares of the real estate investment trust’s stock worth $3,732,000 after buying an additional 2,072 shares in the last quarter.

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 6,948 guest rooms and a 49% joint venture interest in six hotels with a total of 1,775 guest rooms.

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