SG Americas Securities LLC Acquires Shares of 50,306 Pebblebrook Hotel Trust (NYSE:PEB)

SG Americas Securities LLC acquired a new stake in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 50,306 shares of the real estate investment trust's stock, valued at approximately $510,000.

Several other large investors have also bought and sold shares of the company. GF Fund Management CO. LTD. purchased a new stake in shares of Pebblebrook Hotel Trust during the fourth quarter valued at $30,000. Quadrant Capital Group LLC grew its holdings 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 worth $36,000 after acquiring 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 valued at $51,000 after acquiring an additional 3,352 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Pebblebrook Hotel Trust during the fourth quarter valued at $99,000. Finally, Cantor Fitzgerald L. P. bought a new position in Pebblebrook Hotel Trust in the fourth quarter valued at about $136,000.

Pebblebrook Hotel Trust Price Performance

Shares of PEB traded up $0.38 during trading hours on Thursday, reaching $9.87. 1,825,963 shares of the stock traded hands, compared to its average volume of 2,047,073. The company has a market cap of $1.17 billion, a P/E ratio of -20.55 and a beta of 1.74. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.82. The company's 50-day moving average price is $9.35 and its two-hundred day moving average price is $11.15. Pebblebrook Hotel Trust has a 52-week low of $7.41 and a 52-week high of $15.12.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last posted its quarterly earnings results 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 negative return on equity of 0.32% and a negative net margin of 0.61%. The business had revenue of $320.27 million for the quarter, compared to analysts' expectations of $311.74 million. During the same period last year, the firm earned $0.21 earnings per share. The business's quarterly revenue was up 2.0% on a year-over-year basis. On average, analysts anticipate that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current year.

Pebblebrook Hotel Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend is Monday, June 30th. Pebblebrook Hotel Trust's payout ratio is currently -8.33%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Truist Financial set a $9.00 price target on Pebblebrook Hotel Trust and gave the company 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. Stifel Nicolaus decreased their price target on shares of Pebblebrook Hotel Trust from $16.50 to $13.25 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Raymond James Financial set a $14.00 price target on shares of Pebblebrook Hotel Trust and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Finally, Evercore ISI reduced their price objective on Pebblebrook Hotel Trust from $15.00 to $11.00 and set an "in-line" rating for the company in a research note on Monday, April 28th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $12.28.

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.