Investment Counselors of Maryland LLC grew its stake in Pebblebrook Hotel Trust (NYSE:PEB) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 606,706 shares of the real estate investment trust’s stock after purchasing an additional 12,162 shares during the quarter. Investment Counselors of Maryland LLC’s holdings in Pebblebrook Hotel Trust were worth $17,176,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Congress Asset Management Co. MA increased its position in Pebblebrook Hotel Trust by 3.6% in the fourth quarter. Congress Asset Management Co. MA now owns 27,668 shares of the real estate investment trust’s stock worth $783,000 after buying an additional 950 shares during the last quarter. San Francisco Sentry Investment Group CA bought a new position in shares of Pebblebrook Hotel Trust in the fourth quarter worth $36,000. PNC Financial Services Group Inc. boosted its stake in Pebblebrook Hotel Trust by 119.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,574 shares of the real estate investment trust’s stock valued at $72,000 after buying an additional 1,399 shares during the period. Sigma Planning Corp boosted its stake in Pebblebrook Hotel Trust by 7.4% during the fourth quarter. Sigma Planning Corp now owns 20,209 shares of the real estate investment trust’s stock valued at $572,000 after buying an additional 1,400 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in Pebblebrook Hotel Trust by 62.6% during the fourth quarter. Victory Capital Management Inc. now owns 3,708 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 1,428 shares during the period.

PEB has been the subject of several research analyst reports. Raymond James dropped their price target on Pebblebrook Hotel Trust from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, December 21st. ValuEngine downgraded Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Goldman Sachs Group reiterated a “sell” rating and set a $26.00 target price on shares of Pebblebrook Hotel Trust in a report on Thursday, January 10th. Stifel Nicolaus upgraded Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Monday, November 12th. Finally, Barclays reissued a “buy” rating and issued a $38.00 price target on shares of Pebblebrook Hotel Trust in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. Pebblebrook Hotel Trust has an average rating of “Hold” and a consensus target price of $36.88.

Shares of NYSE:PEB opened at $34.11 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.61. Pebblebrook Hotel Trust has a 12 month low of $26.59 and a 12 month high of $41.65. The stock has a market capitalization of $2.31 billion, a P/E ratio of 12.36, a price-to-earnings-growth ratio of 2.54 and a beta of 1.39.

In related news, Director Cydney Donnell bought 1,400 shares of Pebblebrook Hotel Trust stock in a transaction dated Friday, December 7th. The shares were acquired at an average cost of $35.58 per share, with a total value of $49,812.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.20% of the stock is owned by company insiders.

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Pebblebrook Hotel Trust Company 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 64 hotels, totaling approximately 15,400 guest rooms, located in 11 states and the District of Columbia, in the following markets: Del Mar, California; Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Santa Cruz, California; Washington, DC; Coral Gables, Florida; Key West, Florida; Naples, Florida; Buckhead, Georgia; Chicago, Illinois; Boston, Massachusetts; Minneapolis, Minnesota; New York, New York; 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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