Pebblebrook Hotel Trust (NYSE:PEB) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. raised its holdings in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 629,808 shares of the real estate investment trust's stock after acquiring an additional 34,458 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.53% of Pebblebrook Hotel Trust worth $8,534,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quadrant Capital Group LLC boosted its position in shares of Pebblebrook Hotel Trust by 100.2% during the 4th 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 in the last quarter. Sterling Capital Management LLC boosted its position in shares of Pebblebrook Hotel Trust by 815.6% during the 4th quarter. Sterling Capital Management LLC now owns 3,763 shares of the real estate investment trust's stock worth $51,000 after acquiring an additional 3,352 shares in the last quarter. Algert Global LLC acquired a new position in shares of Pebblebrook Hotel Trust during the 4th quarter worth about $148,000. Cibc World Markets Corp acquired a new position in shares of Pebblebrook Hotel Trust during the 4th quarter worth about $151,000. Finally, Optimize Financial Inc acquired a new position in shares of Pebblebrook Hotel Trust during the 4th quarter worth about $158,000.

Pebblebrook Hotel Trust Stock Performance

Shares of Pebblebrook Hotel Trust stock traded down $0.20 on Monday, hitting $8.88. The stock had a trading volume of 1,837,161 shares, compared to its average volume of 1,966,426. Pebblebrook Hotel Trust has a 52-week low of $7.41 and a 52-week high of $15.12. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of -30.60, a P/E/G ratio of 0.60 and a beta of 1.80. The company's 50 day moving average price is $9.33 and its 200 day moving average price is $11.73.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. The firm had revenue of $320.27 million during the quarter, compared to the consensus estimate of $311.74 million. Pebblebrook Hotel Trust had a return on equity of 0.13% and a net margin of 0.25%. The firm's revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.21 EPS. On average, research analysts anticipate that Pebblebrook Hotel Trust will post 1.5 EPS for the current year.

Pebblebrook Hotel Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend was Monday, March 31st. Pebblebrook Hotel Trust's dividend payout ratio is presently -8.33%.

Analyst Ratings Changes

Several research analysts have recently issued reports on PEB shares. Raymond James set a $14.00 price objective on Pebblebrook Hotel Trust and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Evercore ISI lowered 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 report on Monday, April 28th. Compass Point downgraded Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and reduced their target price for the company from $17.00 to $15.00 in a report on Monday, March 10th. Stifel Nicolaus reduced their target price 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 reduced their target price on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a "hold" rating for the company in a report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, Pebblebrook Hotel Trust has a consensus rating of "Hold" and a consensus target price of $12.78.

About Pebblebrook Hotel Trust

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.