Shares of Pebblebrook Hotel Trust (NYSE:PEB) fell 4.9% during trading on Tuesday . The company traded as low as $28.83 and last traded at $29.51, with a volume of 1,664,049 shares trading hands. The stock had previously closed at $31.03.

A number of analysts have recently issued reports on PEB shares. TheStreet downgraded shares of Pebblebrook Hotel Trust from a “buy” rating to a “hold” rating in a report on Tuesday, May 24th. Janney Montgomery Scott started coverage on shares of Pebblebrook Hotel Trust in a report on Monday, May 23rd. They set a “neutral” rating and a $24.00 price target for the company. Zacks Investment Research downgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Tuesday. Royal Bank Of Canada cut their price target on shares of Pebblebrook Hotel Trust from $34.00 to $33.00 and set an “outperform” rating for the company in a report on Monday, May 2nd. Finally, Wells Fargo & Co. downgraded shares of Pebblebrook Hotel Trust from an “outperform” rating to a “market perform” rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $33.30.

The firm has a 50-day moving average price of $27.10 and a 200-day moving average price of $26.45. The company has a market capitalization of $2.16 billion and a PE ratio of 29.32.

Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings results on Monday, July 25th. The real estate investment trust reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.06. The firm had revenue of $212.27 million for the quarter, compared to analyst estimates of $212.93 million. The company’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company earned $0.72 EPS. Equities analysts expect that Pebblebrook Hotel Trust will post $2.75 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date of this dividend was Tuesday, June 28th.

In other news, CFO Raymond D. Martz sold 15,848 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 177,526 shares in the company, valued at approximately $4,484,306.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Several large investors recently made changes to their positions in PEB. ProShare Advisors LLC boosted its stake 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 boosted its stake 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 boosted its stake 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 boosted its stake 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 Public Employees Retirement System boosted its stake in shares of Pebblebrook Hotel Trust by 0.5% in the fourth quarter. California Public Employees Retirement System now owns 201,071 shares of the real estate investment trust’s stock worth $5,634,000 after buying an additional 1,000 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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