LMR Partners LLP Acquires New Position in Pebblebrook Hotel Trust (NYSE:PEB)

LMR Partners LLP bought a new position in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) during the fourth quarter, according to its most recent disclosure 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 0.19% of Pebblebrook Hotel Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Jefferies Financial Group Inc. bought a new position in shares of Pebblebrook Hotel Trust during the fourth quarter valued at approximately $8,993,000. Crestline Management LP purchased a new stake in shares of Pebblebrook Hotel Trust during the fourth quarter valued at $1,846,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Pebblebrook Hotel Trust during the fourth quarter valued at $361,000. Bridgefront Capital LLC grew its holdings in shares of Pebblebrook Hotel Trust by 50.5% during the fourth quarter. Bridgefront Capital LLC now owns 26,508 shares of the real estate investment trust's stock valued at $359,000 after buying an additional 8,897 shares during the last quarter. Finally, Cantor Fitzgerald L. P. purchased a new stake in shares of Pebblebrook Hotel Trust during the fourth quarter valued at $136,000.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on PEB shares. Wedbush set a $9.00 price objective on shares of Pebblebrook Hotel Trust and gave the company an "underperform" rating in a report on Tuesday, May 6th. Raymond James set a $14.00 target price on shares of Pebblebrook Hotel Trust and gave the company an "outperform" rating in a research report on Thursday, February 27th. Evercore ISI decreased their target price on shares of Pebblebrook Hotel Trust from $15.00 to $11.00 and set an "in-line" rating for the company in a research report on Monday, April 28th. 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 research report on Tuesday, February 4th. Finally, Compass Point downgraded shares of Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and decreased their target price for the company from $17.00 to $15.00 in a research report on Monday, March 10th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $12.78.

Pebblebrook Hotel Trust Price Performance

Shares of Pebblebrook Hotel Trust stock traded up $0.09 during trading hours on Friday, reaching $10.15. The stock had a trading volume of 1,299,591 shares, compared to its average volume of 1,957,814. The stock's 50 day moving average is $9.51 and its 200 day moving average is $11.87. The firm has a market capitalization of $1.20 billion, a PE ratio of -34.99, a PEG ratio of 0.60 and a beta of 1.80. Pebblebrook Hotel Trust has a twelve month low of $7.41 and a twelve month high of $15.46. 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 (NYSE:PEB - Get Free Report) last released its earnings results on Thursday, May 1st. The real estate investment trust reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. The business had revenue of $320.27 million during the quarter, compared to analysts' expectations of $311.74 million. Pebblebrook Hotel Trust had a net margin of 0.25% and a return on equity of 0.13%. The company's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.21 earnings per share. Equities analysts expect that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.01 per share. The ex-dividend date 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%.

Pebblebrook Hotel Trust 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.