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

Silvercrest Asset Management Group LLC trimmed its holdings in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 98.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Truist Financial lowered their price objective on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a "hold" rating for the company in a research report on Tuesday, February 4th. Evercore ISI lowered their price objective on Pebblebrook Hotel Trust from $15.00 to $11.00 and set an "in-line" rating for the company in a research report on Monday, April 28th. Stifel Nicolaus lowered their price objective on Pebblebrook Hotel Trust from $16.50 to $13.25 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Compass Point lowered Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $17.00 to $15.00 in a research report on Monday, March 10th. Finally, Wall Street Zen lowered Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research report on Wednesday, March 5th. Two research 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.com, the company currently has an average rating of "Hold" and an average target price of $12.78.

Pebblebrook Hotel Trust Stock Up 3.0%

Shares of NYSE:PEB traded up $0.27 during trading on Tuesday, hitting $9.14. 317,985 shares of the company's stock traded hands, compared to its average volume of 1,959,989. Pebblebrook Hotel Trust has a 52 week low of $7.41 and a 52 week high of $15.12. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. The company has a market cap of $1.08 billion, a price-to-earnings ratio of -31.50, a price-to-earnings-growth ratio of 0.60 and a beta of 1.80. The company has a 50-day moving average price of $9.33 and a 200-day moving average price of $11.73.

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 earnings per share 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 business had revenue of $320.27 million for the quarter, compared to analysts' expectations of $311.74 million. During the same quarter in the previous year, the business posted $0.21 EPS. Pebblebrook Hotel Trust's revenue for the quarter was up 2.0% on a year-over-year basis. As a group, research analysts forecast that Pebblebrook Hotel Trust will post 1.5 EPS for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

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

Pebblebrook Hotel Trust 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.