Alyeska Investment Group L.P. Grows Holdings in Pebblebrook Hotel Trust (NYSE:PEB)

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

A number of other institutional investors have also added to or reduced their stakes in the company. Quadrant Capital Group LLC lifted its holdings in shares of Pebblebrook Hotel Trust by 100.2% in the 4th quarter. Quadrant Capital Group LLC now owns 2,644 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 1,323 shares in the last quarter. Sterling Capital Management LLC lifted its stake in shares of Pebblebrook Hotel Trust by 815.6% in the fourth quarter. Sterling Capital Management LLC now owns 3,763 shares of the real estate investment trust's stock valued at $51,000 after buying an additional 3,352 shares in the last quarter. Cibc World Markets Corp acquired a new position in shares of Pebblebrook Hotel Trust during the fourth quarter valued at about $151,000. Optimize Financial Inc bought a new stake in shares of Pebblebrook Hotel Trust during the fourth quarter worth about $158,000. Finally, AdvisorShares Investments LLC acquired a new stake in shares of Pebblebrook Hotel Trust in the 4th quarter worth about $159,000.

Pebblebrook Hotel Trust Stock Performance

Pebblebrook Hotel Trust stock traded down $0.18 during midday trading on Tuesday, reaching $8.90. The stock had a trading volume of 1,682,872 shares, compared to its average volume of 1,931,288. Pebblebrook Hotel Trust has a 12 month low of $7.41 and a 12 month high of $15.46. The firm has a market capitalization of $1.06 billion, a PE ratio of -30.69, a P/E/G ratio of 0.60 and a beta of 1.69. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78. The firm's 50-day moving average price is $9.88 and its 200 day moving average price is $12.03.

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 for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $311.74 million. During the same period in the previous year, the business earned $0.21 earnings per share. The firm's quarterly revenue was up 2.0% compared to the same quarter last year. As a group, research analysts predict that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders 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 0.45%. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is currently -9.30%.

Analyst Ratings Changes

A number of analysts have commented on PEB shares. Raymond James set a $14.00 price objective on Pebblebrook Hotel Trust and gave the stock an "outperform" rating in a report on Thursday, February 27th. Wells Fargo & Company cut their price objective on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 18th. StockNews.com downgraded shares of Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a report on Wednesday, March 5th. Compass Point downgraded shares of Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $17.00 to $15.00 in a research report on Monday, March 10th. Finally, Evercore ISI dropped their target price on shares of Pebblebrook Hotel Trust from $15.00 to $11.00 and set an "in-line" rating on the stock in a research report on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Pebblebrook Hotel Trust has a consensus rating of "Hold" and an average price target of $13.28.

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.