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

Jane Street Group LLC decreased its position in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 72.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & 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.

Several other hedge funds have also modified their holdings of PEB. abrdn plc lifted its holdings in shares of Pebblebrook Hotel Trust by 45.2% during the fourth quarter. abrdn plc now owns 35,696 shares of the real estate investment trust's stock valued at $481,000 after purchasing an additional 11,117 shares during the last quarter. Entropy Technologies LP lifted its holdings in shares of Pebblebrook Hotel Trust by 93.3% during the fourth quarter. Entropy Technologies LP now owns 54,880 shares of the real estate investment trust's stock valued at $744,000 after purchasing an additional 26,487 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Pebblebrook Hotel Trust by 10.2% during the fourth quarter. Van ECK Associates Corp now owns 22,619 shares of the real estate investment trust's stock valued at $306,000 after purchasing an additional 2,096 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Pebblebrook Hotel Trust by 1.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 177,178 shares of the real estate investment trust's stock valued at $2,406,000 after purchasing an additional 2,337 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its holdings in shares of Pebblebrook Hotel Trust by 6.2% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 317,254 shares of the real estate investment trust's stock valued at $4,299,000 after purchasing an additional 18,467 shares during the last quarter.

Pebblebrook Hotel Trust Stock Down 2.1%

Pebblebrook Hotel Trust stock traded down $0.20 during mid-day trading on Friday, hitting $8.88. The company's stock had a trading volume of 1,837,161 shares, compared to its average volume of 1,964,499. The firm's 50 day moving average is $9.37 and its 200 day moving average is $11.78. The company has a market cap of $1.05 billion, a PE ratio of -30.60, a price-to-earnings-growth 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 $15.12.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share for the quarter, topping 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 company had revenue of $320.27 million for the quarter, compared to analyst estimates of $311.74 million. During the same period in the prior year, the firm posted $0.21 EPS. The business's revenue was up 2.0% compared to the same quarter last year. On average, analysts anticipate that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently announced 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 0.45%. The ex-dividend date was Monday, March 31st. Pebblebrook Hotel Trust's payout ratio is currently -8.33%.

Wall Street Analysts Forecast Growth

PEB has been the subject of several analyst reports. Evercore ISI reduced their target price on Pebblebrook Hotel Trust from $15.00 to $11.00 and set an "in-line" rating for the company in a report on Monday, April 28th. Raymond James set a $14.00 price objective on Pebblebrook Hotel Trust and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Stifel Nicolaus reduced their price objective on Pebblebrook Hotel Trust from $16.50 to $13.25 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Wedbush set a $9.00 price objective on Pebblebrook Hotel Trust and gave the stock an "underperform" rating in a research note on Tuesday, May 6th. Finally, Truist Financial reduced their price objective on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a "hold" rating for the company in a research note on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus 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.