Investment Counselors of Maryland LLC lowered its position in Pebblebrook Hotel Trust (NYSE:PEB) by 0.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 594,544 shares of the real estate investment trust’s stock after selling 2,608 shares during the quarter. Investment Counselors of Maryland LLC’s holdings in Pebblebrook Hotel Trust were worth $21,624,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Assetmark Inc. grew its stake in Pebblebrook Hotel Trust by 278.2% in the second quarter. Assetmark Inc. now owns 4,168 shares of the real estate investment trust’s stock worth $162,000 after purchasing an additional 3,066 shares in the last quarter. Integrated Investment Consultants LLC purchased a new stake in Pebblebrook Hotel Trust during the second quarter worth $203,000. Campbell & CO Investment Adviser LLC purchased a new stake in Pebblebrook Hotel Trust during the second quarter worth $213,000. Sheaff Brock Investment Advisors LLC purchased a new stake in Pebblebrook Hotel Trust during the second quarter worth $219,000. Finally, BB&T Corp purchased a new stake in Pebblebrook Hotel Trust during the second quarter worth $222,000.

Shares of PEB stock opened at $33.51 on Wednesday. The firm has a market capitalization of $2.30 billion, a P/E ratio of 13.04, a PEG ratio of 2.55 and a beta of 1.19. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.55. Pebblebrook Hotel Trust has a 1 year low of $31.05 and a 1 year high of $41.65.

The business also recently declared a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 4.54%. The ex-dividend date of this dividend was Thursday, September 27th. Pebblebrook Hotel Trust’s dividend payout ratio is currently 59.14%.

A number of analysts have weighed in on the company. Robert W. Baird set a $38.00 target price on Pebblebrook Hotel Trust and gave the stock a “hold” rating in a report on Wednesday, October 10th. ValuEngine lowered Pebblebrook Hotel Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Zacks Investment Research upgraded Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a report on Saturday. Bank of America restated a “buy” rating and issued a $36.00 target price on shares of Pebblebrook Hotel Trust in a research note on Monday, October 29th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $40.00 target price on shares of Pebblebrook Hotel Trust in a research note on Wednesday, August 15th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $38.42.

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Pebblebrook Hotel Trust Profile

Pebblebrook Hotel Trust is a publicly traded real estate investment trust (“REIT”) organized to opportunistically acquire and invest primarily in upper upscale, full-service hotels located in urban markets in major gateway cities. The Company owns 28 hotels, with a total of 6,973 guest rooms. The Company owns hotels located in 9 states and the District of Columbia, including: Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Washington, DC; Coral Gables, Florida; Naples, Florida; Buckhead, Georgia; Boston, Massachusetts; Minneapolis, Minnesota; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.

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Institutional Ownership by Quarter for Pebblebrook Hotel Trust (NYSE:PEB)

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