Nuveen Asset Management LLC Purchases 1,058,664 Shares of Pebblebrook Hotel Trust (NYSE:PEB)

Nuveen Asset Management LLC increased its holdings in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 82.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,345,333 shares of the real estate investment trust's stock after purchasing an additional 1,058,664 shares during the quarter. Nuveen Asset Management LLC owned approximately 1.96% of Pebblebrook Hotel Trust worth $31,779,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of PEB. Centersquare Investment Management LLC boosted its position in Pebblebrook Hotel Trust by 2,448.9% during the 4th quarter. Centersquare Investment Management LLC now owns 1,879,327 shares of the real estate investment trust's stock valued at $25,465,000 after acquiring an additional 1,805,597 shares in the last quarter. Alyeska Investment Group L.P. boosted its position in Pebblebrook Hotel Trust by 43.3% during the 4th quarter. Alyeska Investment Group L.P. now owns 4,167,770 shares of the real estate investment trust's stock valued at $56,473,000 after acquiring an additional 1,260,077 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC bought a new stake in Pebblebrook Hotel Trust during the 4th quarter valued at approximately $13,788,000. Landmark Investment Partners L.P. bought a new stake in Pebblebrook Hotel Trust during the 4th quarter valued at approximately $13,075,000. Finally, Jefferies Financial Group Inc. bought a new stake in Pebblebrook Hotel Trust during the 4th quarter valued at approximately $8,993,000.

Pebblebrook Hotel Trust Stock Performance

PEB traded up $0.47 during mid-day trading on Tuesday, reaching $9.34. 1,652,900 shares of the company traded hands, compared to its average volume of 1,965,172. The stock has a market capitalization of $1.11 billion, a P/E ratio of -32.21, a P/E/G ratio of 0.60 and a beta of 1.80. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78. The company's fifty day moving average price is $9.31 and its 200-day moving average price is $11.71. 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 announced its earnings results on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.03. The business had revenue of $320.27 million during the quarter, compared to analyst estimates of $311.74 million. Pebblebrook Hotel Trust had a net margin of 0.25% and a return on equity of 0.13%. The company's quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 EPS. On average, sell-side analysts expect that Pebblebrook Hotel Trust will post 1.5 EPS for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date was Monday, March 31st. Pebblebrook Hotel Trust's payout ratio is -8.33%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PEB. Raymond James set a $14.00 price target on Pebblebrook Hotel Trust and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Wall Street Zen cut Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research report on Wednesday, March 5th. Compass Point cut Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $17.00 to $15.00 in a research report on Monday, March 10th. Stifel Nicolaus decreased their price objective on shares of 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, Wells Fargo & Company decreased their price objective on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an "equal weight" rating for the company in a report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, Pebblebrook Hotel Trust presently has an average rating of "Hold" and a consensus 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.