Dimensional Fund Advisors LP Trims Stake in Pebblebrook Hotel Trust $PEB

Key Points

• Dimensional Fund Advisors reduced its Pebblebrook Hotel Trust stake by 16.1% in the first quarter, selling 258,656 shares and retaining 1.35 million shares valued at approximately $17.0 million.
• Analysts maintain a consensus “Hold” rating on PEB, with an average price target of $17.13; recent targets range from $13 to $20.
• PEB opened at $18.19, near its 52-week high of $19.93, while the company paid a quarterly dividend of $0.01 per share, representing a 0.2% annualized yield.

Dimensional Fund Advisors LP decreased its stake in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 16.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,347,381 shares of the real estate investment trust's stock after selling 258,656 shares during the period. Dimensional Fund Advisors LP owned 1.19% of Pebblebrook Hotel Trust worth $17,018,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of PEB. Whittier Trust Co. of Nevada Inc. acquired a new position in Pebblebrook Hotel Trust in the 1st quarter valued at about $34,000. Quadrant Capital Group LLC boosted its stake in shares of Pebblebrook Hotel Trust by 32.8% during the 4th quarter. Quadrant Capital Group LLC now owns 3,220 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 796 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of Pebblebrook Hotel Trust during the fourth quarter worth about $38,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Pebblebrook Hotel Trust by 33.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,465 shares of the real estate investment trust's stock worth $39,000 after buying an additional 865 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its holdings in shares of Pebblebrook Hotel Trust by 188.0% during the fourth quarter. Hantz Financial Services Inc. now owns 5,049 shares of the real estate investment trust's stock worth $57,000 after buying an additional 3,296 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on PEB shares. Cantor Fitzgerald raised their target price on shares of Pebblebrook Hotel Trust from $14.00 to $15.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 13th. Raymond James Financial reiterated an "outperform" rating and issued a $18.00 price target on shares of Pebblebrook Hotel Trust in a report on Monday, June 8th. Morgan Stanley raised their price target on Pebblebrook Hotel Trust from $12.00 to $13.00 and gave the stock an "underweight" rating in a research note on Friday, July 17th. Wells Fargo & Company increased their price objective on shares of Pebblebrook Hotel Trust from $16.00 to $19.00 and gave the stock an "equal weight" rating in a report on Thursday, July 23rd. Finally, Citigroup increased their price target on shares of Pebblebrook Hotel Trust from $15.00 to $20.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $17.13.

Pebblebrook Hotel Trust Price Performance

PEB opened at $18.19 on Friday. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of -26.36, a price-to-earnings-growth ratio of 1.27 and a beta of 1.40. Pebblebrook Hotel Trust has a fifty-two week low of $9.30 and a fifty-two week high of $19.93. The company's 50-day moving average price is $18.46 and its 200 day moving average price is $14.99. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.83.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.01 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.2%. Pebblebrook Hotel Trust's payout ratio is currently -5.80%.

Pebblebrook Hotel Trust Profile

Pebblebrook Hotel Trust NYSE: PEB is a real estate investment trust specializing in premium, high-barrier-to-entry hotel properties in gateway markets across the United States. Established in 2009, PEB focuses on lifestyle-oriented lodging assets that cater to business and leisure travelers seeking elevated experiences. The company's investment strategy emphasizes select-service and full-service hotels with established brands and prime urban or resort locations.

PEB's portfolio comprises more than 30 properties in major metropolitan areas including New York City, Los Angeles, Chicago, Miami and San Francisco.

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