Dimensional Fund Advisors LP trimmed its stake in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 about 1.35% of Pebblebrook Hotel Trust worth $21,854,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also modified their holdings of PEB. Centersquare Investment Management LLC raised its stake in shares of Pebblebrook Hotel Trust by 2,448.9% during the 4th quarter. Centersquare Investment Management LLC now owns 1,879,327 shares of the real estate investment trust's stock worth $25,465,000 after acquiring an additional 1,805,597 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC purchased a new position in Pebblebrook Hotel Trust during the fourth quarter valued at $13,788,000. Arrowstreet Capital Limited Partnership increased its stake in 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 buying an additional 633,881 shares in the last quarter. Marshall Wace LLP acquired a new position in Pebblebrook Hotel Trust in the 4th quarter valued at $6,161,000. Finally, Cinctive Capital Management LP acquired a new stake in Pebblebrook Hotel Trust during the fourth quarter worth about $4,844,000.
Pebblebrook Hotel Trust Stock Up 2.6 %
Shares of PEB traded up $0.25 during trading hours on Friday, hitting $9.73. 3,362,463 shares of the company were exchanged, compared to its average volume of 1,937,661. The firm's 50 day moving average is $9.69 and its 200-day moving average is $11.96. Pebblebrook Hotel Trust has a 52 week low of $7.41 and a 52 week high of $15.46. 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 company has a market cap of $1.15 billion, a PE ratio of -33.55, a PEG ratio of 0.60 and a beta of 1.80.
Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.03. The business had revenue of $320.27 million for the quarter, compared to analysts' expectations of $311.74 million. Pebblebrook Hotel Trust had a return on equity of 0.13% and a net margin of 0.25%. Pebblebrook Hotel Trust's quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.21 earnings per share. On average, equities research analysts forecast that Pebblebrook Hotel Trust will post 1.5 EPS for the current fiscal year.
Pebblebrook Hotel Trust Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.41%. The ex-dividend date was Monday, March 31st. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is -8.33%.
Wall Street Analyst Weigh In
PEB has been the subject of several research reports. Compass Point downgraded Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and dropped their target price for the company from $17.00 to $15.00 in a research report on Monday, March 10th. StockNews.com cut Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research report on Wednesday, March 5th. 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. Stifel Nicolaus cut their price target on Pebblebrook Hotel Trust from $16.50 to $13.25 and set a "buy" rating for the company in a report on Wednesday, April 16th. Finally, Truist Financial lowered their target price on shares of 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 issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Pebblebrook Hotel Trust presently has a consensus rating of "Hold" and a consensus target price of $12.78.
Read 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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