Jane Street Group LLC Has $1.82 Million Holdings in Pebblebrook Hotel Trust (NYSE:PEB)

Jane Street Group LLC lowered its stake in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 72.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 134,473 shares of the real estate investment trust's stock after selling 348,759 shares during the quarter. Jane Street Group LLC owned about 0.11% of Pebblebrook Hotel Trust worth $1,822,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PEB. Sei Investments Co. increased its holdings in shares of Pebblebrook Hotel Trust by 0.3% during the 4th quarter. Sei Investments Co. now owns 397,337 shares of the real estate investment trust's stock worth $5,384,000 after purchasing an additional 1,098 shares during the period. Quadrant Capital Group LLC increased its stake in Pebblebrook Hotel Trust by 100.2% during 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 period. Metis Global Partners LLC raised its holdings in Pebblebrook Hotel Trust by 11.4% in the 4th quarter. Metis Global Partners LLC now owns 13,823 shares of the real estate investment trust's stock valued at $187,000 after acquiring an additional 1,412 shares in the last quarter. Swiss National Bank lifted its position in shares of Pebblebrook Hotel Trust by 0.7% in the 4th quarter. Swiss National Bank now owns 237,012 shares of the real estate investment trust's stock worth $3,212,000 after acquiring an additional 1,700 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Pebblebrook Hotel Trust by 2.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 83,899 shares of the real estate investment trust's stock worth $1,137,000 after acquiring an additional 1,918 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on PEB shares. Compass Point cut Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $17.00 to $15.00 in a research report on Monday, March 10th. Wells Fargo & Company lowered their price target on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 18th. Truist Financial reduced their price objective on shares of Pebblebrook Hotel Trust from $14.00 to $13.00 and set a "hold" rating for the company in a report on Tuesday, February 4th. Evercore ISI lowered their target price on shares of Pebblebrook Hotel Trust from $15.00 to $11.00 and set an "in-line" rating on the stock in a research note on Monday, April 28th. Finally, Raymond James set a $14.00 price target on shares of Pebblebrook Hotel Trust and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Two 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. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $12.78.

Pebblebrook Hotel Trust Price Performance

Shares of NYSE:PEB traded down $0.51 during trading on Wednesday, reaching $9.13. The stock had a trading volume of 2,332,983 shares, compared to its average volume of 1,962,380. The stock has a market capitalization of $1.08 billion, a PE ratio of -31.46, 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 52 week low of $7.41 and a 52 week high of $15.33. The business's 50-day moving average price is $9.47 and its 200 day moving average price is $11.84.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. Pebblebrook Hotel Trust had a return on equity of 0.13% and a net margin of 0.25%. The firm had revenue of $320.27 million during the quarter, compared to the consensus estimate of $311.74 million. During the same quarter in the previous year, the company posted $0.21 EPS. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, equities 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 disclosed 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 of this dividend was Monday, March 31st. Pebblebrook Hotel Trust's payout ratio is presently -8.33%.

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.