LMR Partners LLP Makes New Investment in Pebblebrook Hotel Trust (NYSE:PEB)

LMR Partners LLP bought a new position in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 225,000 shares of the real estate investment trust's stock, valued at approximately $3,049,000. LMR Partners LLP owned approximately 0.19% of Pebblebrook Hotel Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Jefferies Financial Group Inc. acquired a new position in shares of Pebblebrook Hotel Trust in the 4th quarter worth $8,993,000. Crestline Management LP acquired a new position in shares of Pebblebrook Hotel Trust in the 4th quarter valued at $1,846,000. Cubist Systematic Strategies LLC purchased a new position in Pebblebrook Hotel Trust in the 4th quarter worth about $361,000. Bridgefront Capital LLC increased its stake in Pebblebrook Hotel Trust by 50.5% in the 4th quarter. Bridgefront Capital LLC now owns 26,508 shares of the real estate investment trust's stock worth $359,000 after purchasing an additional 8,897 shares in the last quarter. Finally, Cantor Fitzgerald L. P. acquired a new stake in Pebblebrook Hotel Trust during the 4th quarter worth about $136,000.

Pebblebrook Hotel Trust Stock Up 0.9%

NYSE PEB traded up $0.09 on Friday, reaching $10.15. The stock had a trading volume of 1,299,591 shares, compared to its average volume of 1,953,351. The business has a 50 day moving average price of $9.53 and a 200 day moving average price of $11.89. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. Pebblebrook Hotel Trust has a 1 year low of $7.41 and a 1 year high of $15.46. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of -34.99, a P/E/G ratio of 0.60 and a beta of 1.80.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. The business had revenue of $320.27 million during the quarter, compared to analyst estimates of $311.74 million. Pebblebrook Hotel Trust had a return on equity of 0.13% and a net margin of 0.25%. The firm's revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.21 EPS. On average, analysts forecast that Pebblebrook Hotel Trust will post 1.5 EPS for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.01 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.39%. Pebblebrook Hotel Trust's dividend payout ratio is currently -8.33%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PEB shares. Truist Financial decreased their target price on shares of Pebblebrook Hotel Trust from $14.00 to $13.00 and set a "hold" rating for the company in a report on Tuesday, February 4th. StockNews.com lowered shares of Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research note on Wednesday, March 5th. Wedbush set a $9.00 target price on shares of Pebblebrook Hotel Trust and gave the company an "underperform" rating in a research note on Tuesday, May 6th. Raymond James set a $14.00 target price on Pebblebrook Hotel Trust and gave the company an "outperform" rating in a report on Thursday, February 27th. Finally, Compass Point downgraded Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and lowered their price target for the company from $17.00 to $15.00 in a report on Monday, March 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $12.78.

Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust NYSE: PEB is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels and resorts in the United States. The Company owns 47 hotels and resorts, totaling approximately 12,200 guest rooms across 13 urban and resort markets.