Silvercrest Asset Management Group LLC Sells 1,447,381 Shares of Pebblebrook Hotel Trust (NYSE:PEB)

Silvercrest Asset Management Group LLC lessened its stake in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 98.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,430 shares of the real estate investment trust's stock after selling 1,447,381 shares during the quarter. Silvercrest Asset Management Group LLC's holdings in Pebblebrook Hotel Trust were worth $209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of PEB. Quadrant Capital Group LLC raised its position in shares of Pebblebrook Hotel Trust by 100.2% in the 4th 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 last quarter. Sterling Capital Management LLC increased its holdings in shares of Pebblebrook Hotel Trust by 815.6% in the 4th quarter. Sterling Capital Management LLC now owns 3,763 shares of the real estate investment trust's stock worth $51,000 after purchasing an additional 3,352 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Pebblebrook Hotel Trust in the 4th quarter worth $99,000. Cantor Fitzgerald L. P. bought a new stake in shares of Pebblebrook Hotel Trust in the 4th quarter worth $136,000. Finally, Algert Global LLC bought a new stake in shares of Pebblebrook Hotel Trust in the 4th quarter worth $148,000.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PEB. Compass Point lowered Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $17.00 to $15.00 in a report on Monday, March 10th. StockNews.com cut shares of Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a report on Wednesday, March 5th. Raymond James set a $14.00 target price on shares of Pebblebrook Hotel Trust and gave the stock an "outperform" rating in a report on Thursday, February 27th. Evercore ISI dropped 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 report on Monday, April 28th. Finally, Stifel Nicolaus dropped their target price on shares of Pebblebrook Hotel Trust from $16.50 to $13.25 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Two research 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. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $12.78.

Pebblebrook Hotel Trust Price Performance

PEB stock opened at $9.13 on Thursday. Pebblebrook Hotel Trust has a 52 week low of $7.41 and a 52 week high of $15.12. 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 has a fifty day simple moving average of $9.44 and a two-hundred day simple moving average of $11.82. The firm has a market capitalization of $1.08 billion, a P/E ratio of -31.46, a price-to-earnings-growth ratio of 0.60 and a beta of 1.80.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.16 EPS for the quarter, beating 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 business had revenue of $320.27 million during the quarter, compared to analyst estimates of $311.74 million. During the same quarter last year, the business earned $0.21 earnings per share. Pebblebrook Hotel Trust's quarterly revenue was up 2.0% compared to the same quarter last year. Analysts anticipate that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.04 annualized dividend and a yield of 0.44%. 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.

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