Jefferies Financial Group Inc. Makes New Investment in Pebblebrook Hotel Trust (NYSE:PEB)

Jefferies Financial Group Inc. bought a new stake in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 663,684 shares of the real estate investment trust's stock, valued at approximately $8,993,000. Jefferies Financial Group Inc. owned 0.55% of Pebblebrook Hotel Trust at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Sei Investments Co. increased its holdings in Pebblebrook Hotel Trust by 0.3% in the 4th quarter. Sei Investments Co. now owns 397,337 shares of the real estate investment trust's stock worth $5,384,000 after acquiring an additional 1,098 shares during the last quarter. Quadrant Capital Group LLC boosted its position 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 worth $36,000 after purchasing an additional 1,323 shares during the period. Metis Global Partners LLC increased its stake in shares of Pebblebrook Hotel Trust by 11.4% in the fourth quarter. Metis Global Partners LLC now owns 13,823 shares of the real estate investment trust's stock worth $187,000 after purchasing an additional 1,412 shares in the last quarter. Swiss National Bank raised its position in shares of Pebblebrook Hotel Trust by 0.7% in the fourth quarter. Swiss National Bank now owns 237,012 shares of the real estate investment trust's stock valued at $3,212,000 after purchasing an additional 1,700 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Pebblebrook Hotel Trust by 2.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 83,899 shares of the real estate investment trust's stock valued at $1,137,000 after buying an additional 1,918 shares in the last quarter.

Pebblebrook Hotel Trust Price Performance

NYSE PEB traded down $0.12 during trading on Friday, reaching $9.18. The company's stock had a trading volume of 2,392,858 shares, compared to its average volume of 2,252,766. The firm has a fifty day moving average of $9.26 and a 200 day moving average of $11.67. Pebblebrook Hotel Trust has a one year low of $7.41 and a one year high of $15.12. The stock has a market capitalization of $1.09 billion, a PE ratio of -31.65, 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 (NYSE:PEB - Get Free Report) last posted its quarterly earnings data 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 net margin of 0.25% and a return on equity of 0.13%. The company had revenue of $320.27 million for the quarter, compared to analysts' expectations of $311.74 million. During the same period in the prior year, the business earned $0.21 earnings per share. Pebblebrook Hotel Trust's revenue for the quarter was up 2.0% compared to the same quarter last year. Analysts expect that Pebblebrook Hotel Trust will post 1.5 EPS for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date was Monday, March 31st. Pebblebrook Hotel Trust's payout ratio is currently -8.33%.

Wall Street Analyst Weigh In

PEB has been the subject of a number of recent research reports. Evercore ISI reduced their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $11.00 and set an "in-line" rating for the company in a research note on Monday, April 28th. Compass Point lowered Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and cut their price target for the stock from $17.00 to $15.00 in a report on Monday, March 10th. Wedbush set a $9.00 price objective on Pebblebrook Hotel Trust and gave the company an "underperform" rating in a research note on Tuesday, May 6th. Wall Street Zen cut Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a report on Wednesday, March 5th. Finally, 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. Two investment 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. According to MarketBeat.com, Pebblebrook Hotel Trust currently has an average rating of "Hold" and an average price target 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.