Pebblebrook Hotel Trust (NYSE:PEB) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its holdings in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,612,865 shares of the real estate investment trust's stock after selling 56,619 shares during the period. Dimensional Fund Advisors LP owned approximately 1.35% of Pebblebrook Hotel Trust worth $21,854,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Quadrant Capital Group LLC boosted its stake in 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 during the period. Sterling Capital Management LLC increased its position in Pebblebrook Hotel Trust by 815.6% during the fourth quarter. Sterling Capital Management LLC now owns 3,763 shares of the real estate investment trust's stock worth $51,000 after acquiring an additional 3,352 shares during the period. Cibc World Markets Corp bought a new stake in shares of Pebblebrook Hotel Trust in the fourth quarter valued at about $151,000. Optimize Financial Inc acquired a new position in shares of Pebblebrook Hotel Trust in the fourth quarter valued at $158,000. Finally, Metis Global Partners LLC lifted its holdings in shares of Pebblebrook Hotel Trust by 11.4% during the 4th quarter. Metis Global Partners LLC now owns 13,823 shares of the real estate investment trust's stock worth $187,000 after acquiring an additional 1,412 shares during the period.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PEB. Raymond James set a $14.00 price target on shares of Pebblebrook Hotel Trust and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Compass Point cut shares of Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $17.00 to $15.00 in a report on Monday, March 10th. Evercore ISI lowered their price objective on shares of 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. StockNews.com lowered shares of Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research report on Wednesday, March 5th. Finally, Truist Financial decreased their price target on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a "hold" rating for the company in a research note on Tuesday, February 4th. Two 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $12.78.

Pebblebrook Hotel Trust Stock Up 7.7%

Pebblebrook Hotel Trust stock traded up $0.75 during mid-day trading on Monday, hitting $10.49. The company had a trading volume of 490,996 shares, compared to its average volume of 1,935,024. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $1.24 billion, a PE ratio of -36.16, a price-to-earnings-growth 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. The stock's 50 day moving average price is $9.65 and its two-hundred day moving average price is $11.94.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last posted its 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 net margin of 0.25% and a return on equity of 0.13%. The business had revenue of $320.27 million during the quarter, compared to the consensus estimate of $311.74 million. During the same quarter in the previous year, the firm posted $0.21 EPS. The firm's revenue was up 2.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Pebblebrook Hotel Trust will post 1.5 earnings per share 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 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 yield of 0.38%. Pebblebrook Hotel Trust's dividend payout ratio is currently -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.