Point72 Asset Management L.P. Makes New $1.32 Million Investment in Pebblebrook Hotel Trust (NYSE:PEB)

Point72 Asset Management L.P. bought a new stake in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 97,558 shares of the real estate investment trust's stock, valued at approximately $1,322,000. Point72 Asset Management L.P. owned about 0.08% of Pebblebrook Hotel Trust at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. T. Rowe Price Investment Management Inc. lifted its stake in Pebblebrook Hotel Trust by 8.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,713,156 shares of the real estate investment trust's stock worth $90,964,000 after purchasing an additional 525,991 shares during the last quarter. Earnest Partners LLC lifted its stake in Pebblebrook Hotel Trust by 0.3% during the fourth quarter. Earnest Partners LLC now owns 4,936,306 shares of the real estate investment trust's stock worth $66,887,000 after purchasing an additional 13,479 shares during the last quarter. Alyeska Investment Group L.P. lifted its stake in Pebblebrook Hotel Trust by 43.3% during the fourth quarter. Alyeska Investment Group L.P. now owns 4,167,770 shares of the real estate investment trust's stock worth $56,473,000 after purchasing an additional 1,260,077 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Pebblebrook Hotel Trust by 19.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,956,436 shares of the real estate investment trust's stock worth $40,061,000 after purchasing an additional 481,076 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Pebblebrook Hotel Trust by 3.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,504,751 shares of the real estate investment trust's stock worth $33,939,000 after purchasing an additional 86,592 shares during the last quarter.

Pebblebrook Hotel Trust Stock Performance

Shares of PEB traded up $0.27 during trading hours on Tuesday, reaching $9.14. 317,985 shares of the company's stock traded hands, compared to its average volume of 1,959,989. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of -31.50, a P/E/G ratio of 0.60 and a beta of 1.80. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81. Pebblebrook Hotel Trust has a twelve month low of $7.41 and a twelve month high of $15.12. The business's fifty day simple moving average is $9.33 and its two-hundred day simple moving average is $11.73.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last issued 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. The company had revenue of $320.27 million for the quarter, compared to analyst estimates of $311.74 million. Pebblebrook Hotel Trust had a return on equity of 0.13% and a net margin of 0.25%. The company's quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company earned $0.21 earnings per share. Analysts predict that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.44%. The ex-dividend date was Monday, March 31st. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is presently -8.33%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PEB. Wells Fargo & Company cut their target price on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 18th. Compass Point cut Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and cut their target price for the company from $17.00 to $15.00 in a research note on Monday, March 10th. Stifel Nicolaus cut their target price on Pebblebrook Hotel Trust from $16.50 to $13.25 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Wall Street Zen cut Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research note on Wednesday, March 5th. Finally, Raymond James set a $14.00 target price on Pebblebrook Hotel Trust and gave the company an "outperform" rating in a research note on Thursday, February 27th. Two research 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, the company presently has an average rating of "Hold" and an average target price of $12.78.

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.