Cubist Systematic Strategies LLC acquired a new stake in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 26,659 shares of the real estate investment trust's stock, valued at approximately $361,000.
Other large investors also recently bought and sold shares of the company. Centersquare Investment Management LLC boosted its holdings in 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 during the last quarter. Alyeska Investment Group L.P. boosted its holdings in Pebblebrook Hotel Trust by 43.3% in the 4th quarter. Alyeska Investment Group L.P. now owns 4,167,770 shares of the real estate investment trust's stock valued at $56,473,000 after purchasing an additional 1,260,077 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC acquired a new position in Pebblebrook Hotel Trust in the 4th quarter valued at about $13,788,000. Landmark Investment Partners L.P. acquired a new position in Pebblebrook Hotel Trust in the 4th quarter valued at about $13,075,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Pebblebrook Hotel Trust by 82.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,399,856 shares of the real estate investment trust's stock valued at $18,968,000 after purchasing an additional 633,881 shares during the last quarter.
Pebblebrook Hotel Trust Stock Down 1.0%
Shares of NYSE:PEB traded down $0.10 during trading hours on Thursday, reaching $9.02. The stock had a trading volume of 287,098 shares, compared to its average volume of 1,959,648. Pebblebrook Hotel Trust has a 1 year low of $7.41 and a 1 year high of $15.12. The firm's 50 day moving average is $9.44 and its 200-day moving average is $11.82. 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 $1.07 billion, a price-to-earnings ratio of -31.05, a P/E/G ratio of 0.60 and a beta of 1.80.
Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.16 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $320.27 million for the quarter, compared to the consensus estimate of $311.74 million. During the same period in the prior year, the firm posted $0.21 EPS. The company's quarterly revenue was up 2.0% compared to the same quarter last year. 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. Shareholders of record on Monday, March 31st were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend was Monday, March 31st. Pebblebrook Hotel Trust's dividend payout ratio is presently -8.33%.
Analyst Ratings Changes
Several research firms have weighed in on PEB. Truist Financial decreased their target price on shares of Pebblebrook Hotel Trust from $14.00 to $13.00 and set a "hold" rating on the stock in a report on Tuesday, February 4th. Evercore ISI decreased their price objective on shares of 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. Wedbush set a $9.00 price objective on shares of Pebblebrook Hotel Trust and gave the stock an "underperform" rating in a report on Tuesday, May 6th. Wall Street Zen lowered shares of Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a report on Wednesday, March 5th. Finally, Raymond James set a $14.00 price objective on shares of Pebblebrook Hotel Trust and gave the stock an "outperform" rating in a report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $12.78.
View Our Latest Analysis on PEB
About Pebblebrook Hotel Trust
(
Free Report)
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.
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