Alyeska Investment Group L.P. Buys 1,260,077 Shares of Pebblebrook Hotel Trust (NYSE:PEB)

Alyeska Investment Group L.P. raised its holdings in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 43.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,167,770 shares of the real estate investment trust's stock after purchasing an additional 1,260,077 shares during the quarter. Alyeska Investment Group L.P. owned 3.48% of Pebblebrook Hotel Trust worth $56,473,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in PEB. Quadrant Capital Group LLC grew its position in Pebblebrook Hotel Trust by 100.2% during the fourth quarter. Quadrant Capital Group LLC now owns 2,644 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 1,323 shares during the period. Sterling Capital Management LLC grew its position in shares of Pebblebrook Hotel Trust by 815.6% during the 4th quarter. Sterling Capital Management LLC now owns 3,763 shares of the real estate investment trust's stock valued at $51,000 after acquiring an additional 3,352 shares during the period. Cibc World Markets Corp bought a new position in shares of Pebblebrook Hotel Trust during the 4th quarter valued at approximately $151,000. Optimize Financial Inc purchased a new stake in shares of Pebblebrook Hotel Trust during the 4th quarter worth approximately $158,000. Finally, AdvisorShares Investments LLC bought a new stake in shares of Pebblebrook Hotel Trust in the 4th quarter worth approximately $159,000.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on PEB shares. Evercore ISI decreased their target price on 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. Stifel Nicolaus lowered their price objective on Pebblebrook Hotel Trust from $16.50 to $13.25 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Raymond James set a $14.00 target price on shares of Pebblebrook Hotel Trust and gave the stock an "outperform" rating in a research report on Thursday, February 27th. StockNews.com cut Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research report on Wednesday, March 5th. Finally, Truist Financial reduced their price target 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. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $12.78.

Pebblebrook Hotel Trust Stock Performance

Shares of Pebblebrook Hotel Trust stock traded up $0.27 on Friday, hitting $9.75. 1,186,699 shares of the company's stock were exchanged, compared to its average volume of 1,930,520. The company has a 50-day simple moving average of $9.69 and a 200-day simple moving average of $11.96. Pebblebrook Hotel Trust has a 1 year low of $7.41 and a 1 year high of $15.46. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $1.16 billion, a PE ratio of -33.62, a PEG ratio of 0.60 and a beta of 1.80.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last posted its quarterly 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. Pebblebrook Hotel Trust had a return on equity of 0.13% and a net margin of 0.25%. The company had revenue of $320.27 million for the quarter, compared to analysts' expectations of $311.74 million. During the same period in the previous year, the firm earned $0.21 EPS. The firm's revenue was up 2.0% compared to the same quarter last year. As a group, equities analysts anticipate that Pebblebrook Hotel Trust will post 1.5 EPS for the current year.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued 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 0.41%. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is presently -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.