Balyasny Asset Management L.P. Has $38.77 Million Stock Holdings in Pebblebrook Hotel Trust (NYSE:PEB)

Balyasny Asset Management L.P. lowered its position in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 77.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,861,345 shares of the real estate investment trust's stock after selling 9,560,146 shares during the quarter. Balyasny Asset Management L.P. owned approximately 2.39% of Pebblebrook Hotel Trust worth $38,771,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PEB. Quadrant Capital Group LLC grew its position in shares of Pebblebrook Hotel Trust by 100.2% during the 4th quarter. Quadrant Capital Group LLC now owns 2,644 shares of the real estate investment trust's stock worth $36,000 after buying an additional 1,323 shares during the period. Sterling Capital Management LLC lifted its stake in shares of Pebblebrook Hotel Trust by 815.6% in 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 purchasing an additional 3,352 shares during the period. Algert Global LLC acquired a new stake in shares of Pebblebrook Hotel Trust during the fourth quarter worth $148,000. Cibc World Markets Corp bought a new stake in Pebblebrook Hotel Trust in the fourth quarter valued at about $151,000. Finally, Optimize Financial Inc bought a new position in Pebblebrook Hotel Trust during the fourth quarter worth about $158,000.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PEB. Raymond James set a $14.00 price objective on shares of Pebblebrook Hotel Trust and gave the company an "outperform" rating in a report on Thursday, February 27th. Stifel Nicolaus cut their price target on Pebblebrook Hotel Trust from $16.50 to $13.25 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Wedbush set a $9.00 price objective on Pebblebrook Hotel Trust and gave the stock an "underperform" rating in a report on Tuesday. Compass Point downgraded Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and reduced their price target 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 Pebblebrook Hotel Trust from $15.00 to $11.00 and set an "in-line" rating on the stock in a report on Monday, April 28th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $12.78.

Pebblebrook Hotel Trust Stock Performance

Shares of PEB traded up $0.25 during trading hours on Friday, hitting $9.73. The company had a trading volume of 3,362,463 shares, compared to its average volume of 1,937,661. The business has a fifty day moving average of $9.69 and a 200-day moving average of $11.96. 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 has a market cap of $1.15 billion, a price-to-earnings ratio of -33.55, a PEG ratio of 0.60 and a beta of 1.80. Pebblebrook Hotel Trust has a 12 month low of $7.41 and a 12 month high of $15.46.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.03. Pebblebrook Hotel Trust had a net margin of 0.25% and a return on equity of 0.13%. The firm had revenue of $320.27 million during the quarter, compared to the consensus estimate of $311.74 million. During the same period last year, the business posted $0.21 earnings per share. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. Equities analysts anticipate that Pebblebrook Hotel Trust will post 1.5 EPS for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently announced 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 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 payout ratio is presently -8.33%.

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.