Bayforest Capital Ltd Makes New $394,000 Investment in Pebblebrook Hotel Trust (NYSE:PEB)

Key Points

• Bayforest Capital Ltd acquired 38,871 shares in Pebblebrook Hotel Trust, valued at approximately $394,000, during the first quarter of the year.
• Analysts have set a range of target prices for the stock, with Evercore ISI recently raising their price objective to $12.00, while Wells Fargo maintains a negative rating.
• Pebblebrook Hotel Trust reported $0.65 EPS in its last quarterly earnings, exceeding analysts' estimates and reflecting a 2.6% increase in revenue year-over-year.

Bayforest Capital Ltd bought a new stake in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 38,871 shares of the real estate investment trust's stock, valued at approximately $394,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GF Fund Management CO. LTD. bought a new position in shares of Pebblebrook Hotel Trust during the fourth quarter valued at $30,000. Quadrant Capital Group LLC increased its holdings in shares of Pebblebrook Hotel Trust by 100.2% during the fourth quarter. Quadrant Capital Group LLC now owns 2,644 shares of the real estate investment trust's stock valued at $36,000 after acquiring an additional 1,323 shares in the last quarter. CWM LLC increased its holdings in shares of Pebblebrook Hotel Trust by 324.2% during the first quarter. CWM LLC now owns 3,071 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 2,347 shares in the last quarter. Sterling Capital Management LLC increased its holdings in 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 worth $51,000 after buying an additional 3,352 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Pebblebrook Hotel Trust during the fourth quarter valued at approximately $99,000.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Wells Fargo & Company reiterated a "negative" rating on shares of Pebblebrook Hotel Trust in a research report on Tuesday, July 1st. Evercore ISI boosted their price target on Pebblebrook Hotel Trust from $11.00 to $12.00 and gave the company an "in-line" rating in a research note on Monday, July 28th. Truist Financial set a $9.00 price objective on shares of Pebblebrook Hotel Trust and gave the stock a "hold" rating in a research note on Monday, June 2nd. Wedbush set a $9.00 target price on shares of Pebblebrook Hotel Trust and gave the company an "underperform" rating in a research report on Tuesday, May 6th. Finally, Stifel Nicolaus set a $13.00 price target on shares of Pebblebrook Hotel Trust and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $11.78.

Pebblebrook Hotel Trust Price Performance

Shares of PEB traded up $0.20 during midday trading on Monday, hitting $9.90. 357,163 shares of the company traded hands, compared to its average volume of 2,298,506. The firm has a 50 day moving average of $9.97 and a 200-day moving average of $10.49. Pebblebrook Hotel Trust has a 52 week low of $7.41 and a 52 week high of $15.12. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of -17.06 and a beta of 1.85. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.31 and a current ratio of 1.31.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.65 EPS for the quarter, beating the consensus estimate of $0.59 by $0.06. The business had revenue of $407.54 million during the quarter, compared to the consensus estimate of $398.77 million. Pebblebrook Hotel Trust had a negative net margin of 2.20% and a negative return on equity of 1.17%. The business's revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 EPS. On average, analysts forecast that Pebblebrook Hotel Trust will post 1.5 EPS for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.4%. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is -6.90%.

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.