Crestline Management LP Invests $1.85 Million in Pebblebrook Hotel Trust (NYSE:PEB)

Crestline Management LP purchased a new stake in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 136,254 shares of the real estate investment trust's stock, valued at approximately $1,846,000. Crestline Management LP owned approximately 0.11% of Pebblebrook Hotel Trust at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Centersquare Investment Management LLC increased its holdings in shares of Pebblebrook Hotel Trust by 2,448.9% in the 4th quarter. Centersquare Investment Management LLC now owns 1,879,327 shares of the real estate investment trust's stock valued at $25,465,000 after purchasing an additional 1,805,597 shares in the last quarter. Alyeska Investment Group L.P. grew its position in Pebblebrook Hotel Trust by 43.3% during the fourth quarter. Alyeska Investment Group L.P. now owns 4,167,770 shares of the real estate investment trust's stock worth $56,473,000 after buying an additional 1,260,077 shares during the period. Cbre Investment Management Listed Real Assets LLC purchased a new position in Pebblebrook Hotel Trust in the fourth quarter valued at about $13,788,000. Landmark Investment Partners L.P. purchased a new position in Pebblebrook Hotel Trust in the fourth quarter valued at about $13,075,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Pebblebrook Hotel Trust by 82.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,399,856 shares of the real estate investment trust's stock worth $18,968,000 after acquiring an additional 633,881 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. StockNews.com lowered Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a report on Wednesday, March 5th. Evercore ISI lowered 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. Wells Fargo & Company cut their price target on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an "equal weight" rating for the company in a report on Tuesday, February 18th. Raymond James set a $14.00 price objective on Pebblebrook Hotel Trust and gave the company an "outperform" rating in a research note on Thursday, February 27th. Finally, Compass Point cut Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $17.00 to $15.00 in a research report on Monday, March 10th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $12.78.

Pebblebrook Hotel Trust Trading Down 0.2%

Shares of PEB stock traded down $0.02 during mid-day trading on Tuesday, hitting $10.57. 784,231 shares of the company's stock were exchanged, compared to its average volume of 1,939,830. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of -36.45, a PEG ratio of 0.60 and a beta of 1.80. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78. Pebblebrook Hotel Trust has a fifty-two week low of $7.41 and a fifty-two week high of $15.46. The stock has a 50-day simple moving average of $9.62 and a two-hundred day simple moving average of $11.93.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share (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 firm had revenue of $320.27 million for the quarter, compared to analyst estimates of $311.74 million. During the same period last year, the company earned $0.21 EPS. The firm's quarterly revenue was up 2.0% on a year-over-year basis. Equities analysts expect that Pebblebrook Hotel Trust will post 1.5 EPS for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date was Monday, March 31st. Pebblebrook Hotel Trust's dividend payout ratio is currently -8.33%.

About Pebblebrook Hotel Trust

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.