SG Americas Securities LLC bought a new position in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 50,306 shares of the real estate investment trust's stock, valued at approximately $510,000.
A number of other institutional investors also recently added to or reduced their stakes in the stock. GF Fund Management CO. LTD. bought a new position in shares of Pebblebrook Hotel Trust in the fourth quarter valued at approximately $30,000. Quadrant Capital Group LLC raised its stake in shares of Pebblebrook Hotel Trust by 100.2% in 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 during the last quarter. Sterling Capital Management LLC raised its stake in shares of Pebblebrook Hotel Trust by 815.6% in the fourth quarter. Sterling Capital Management LLC now owns 3,763 shares of the real estate investment trust's stock valued at $51,000 after acquiring an additional 3,352 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Pebblebrook Hotel Trust in the fourth quarter valued at approximately $99,000. Finally, Cantor Fitzgerald L. P. bought a new position in shares of Pebblebrook Hotel Trust in the fourth quarter valued at approximately $136,000.
Pebblebrook Hotel Trust Price Performance
Shares of NYSE PEB opened at $9.52 on Monday. The firm has a market cap of $1.13 billion, a P/E ratio of -19.82 and a beta of 1.75. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.82. Pebblebrook Hotel Trust has a 1-year low of $7.41 and a 1-year high of $15.12. The business's 50 day moving average is $9.29 and its 200-day moving average is $11.21.
Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. The company had revenue of $320.27 million for the quarter, compared to analyst estimates of $311.74 million. Pebblebrook Hotel Trust had a negative return on equity of 0.32% and a negative net margin of 0.61%. The firm's quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 earnings per share. Equities research analysts predict that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current year.
Pebblebrook Hotel Trust Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend is Monday, June 30th. Pebblebrook Hotel Trust's dividend payout ratio is currently -8.33%.
Analyst Ratings Changes
Several research analysts recently weighed in on PEB shares. Raymond James Financial set a $14.00 price objective on shares of Pebblebrook Hotel Trust and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Wedbush set a $9.00 price objective on shares of Pebblebrook Hotel Trust and gave the stock an "underperform" rating in a research report on Tuesday, May 6th. Compass Point cut shares of 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. Stifel Nicolaus dropped their price objective on shares of Pebblebrook Hotel Trust from $16.50 to $13.25 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Finally, Truist Financial set a $9.00 target price on shares of Pebblebrook Hotel Trust and gave the company a "hold" rating in a research report on Monday, June 2nd. 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, Pebblebrook Hotel Trust currently has an average rating of "Hold" and a consensus price target of $12.28.
Check Out Our Latest Analysis on PEB
Pebblebrook Hotel Trust Company Profile
(
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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