K.J. Harrison & Partners Inc raised its position in Pebblebrook Hotel Trust (NYSE:PEB) by 20.0% during the second quarter, Holdings Channel reports. The firm owned 60,000 shares of the real estate investment trust’s stock after buying an additional 10,000 shares during the period. K.J. Harrison & Partners Inc owned approximately 0.08% of Pebblebrook Hotel Trust worth $1,575,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Silvercrest Asset Management Group LLC boosted its stake in shares of Pebblebrook Hotel Trust by 19.8% in the first quarter. Silvercrest Asset Management Group LLC now owns 2,346,553 shares of the real estate investment trust’s stock worth $68,214,000 after buying an additional 388,199 shares during the period. AXA boosted its stake in shares of Pebblebrook Hotel Trust by 107.2% in the first quarter. AXA now owns 76,164 shares of the real estate investment trust’s stock worth $2,214,000 after buying an additional 39,398 shares during the period. Aperio Group LLC acquired a new stake in shares of Pebblebrook Hotel Trust during the first quarter worth $377,000. Squarepoint Ops LLC acquired a new stake in shares of Pebblebrook Hotel Trust during the first quarter worth $259,000. Finally, Columbia Partners L L C Investment Management acquired a new stake in shares of Pebblebrook Hotel Trust during the first quarter worth $4,933,000.

Pebblebrook Hotel Trust (NYSE:PEB) traded up 0.88% during trading on Wednesday, hitting $26.34. 2,097,831 shares of the stock traded hands. The stock has a market cap of $1.89 billion, a P/E ratio of 15.39 and a beta of 1.24. Pebblebrook Hotel Trust has a 52 week low of $20.51 and a 52 week high of $38.88. The firm’s 50-day moving average is $29.25 and its 200 day moving average is $27.70.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings results on Monday, July 25th. The real estate investment trust reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.06. Pebblebrook Hotel Trust had a net margin of 17.76% and a return on equity of 8.47%. The firm had revenue of $212.27 million for the quarter, compared to the consensus estimate of $212.93 million. During the same quarter in the previous year, the company earned $0.72 earnings per share. The business’s revenue was up 7.4% compared to the same quarter last year. Equities research analysts forecast that Pebblebrook Hotel Trust will post $2.71 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.38 per share. The ex-dividend date is Wednesday, September 28th. This represents a $1.52 dividend on an annualized basis and a yield of 5.77%. Pebblebrook Hotel Trust’s dividend payout ratio is currently 88.89%.

A number of analysts have weighed in on PEB shares. TheStreet raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating in a report on Monday, July 11th. Credit Suisse Group AG cut shares of Pebblebrook Hotel Trust from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $30.00 to $29.00 in a report on Thursday, July 21st. Zacks Investment Research cut shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Tuesday, July 26th. Evercore ISI cut shares of Pebblebrook Hotel Trust from a “buy” rating to a “hold” rating and increased their price objective for the stock from $27.00 to $30.00 in a report on Wednesday, July 20th. Finally, Barclays PLC set a $32.00 price objective on shares of Pebblebrook Hotel Trust and gave the stock a “buy” rating in a report on Wednesday, July 27th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $32.22.

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust is a hotel investment company. The Company operates as a real estate investment trust (REIT). The Company is organized to acquire and invest in hotel properties located primarily in cities of the United States. The Company has interests in approximately 40 hotels, including over 30 owned hotels with a total of approximately 7,410 guest rooms, and approximately 49% joint venture interest in over six hotels with a total of approximately 1,790 guest rooms.

5 Day Chart for NYSE:PEB

Want to see what other hedge funds are holding PEB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pebblebrook Hotel Trust (NYSE:PEB).

Receive News & Ratings for Pebblebrook Hotel Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pebblebrook Hotel Trust and related companies with MarketBeat.com's FREE daily email newsletter.