Squarepoint Ops LLC Raises Stock Position in Pebblebrook Hotel Trust (NYSE:PEB)

Squarepoint Ops LLC lifted its holdings in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 190.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 46,469 shares of the real estate investment trust's stock after buying an additional 30,484 shares during the quarter. Squarepoint Ops LLC's holdings in Pebblebrook Hotel Trust were worth $630,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quadrant Capital Group LLC lifted its holdings in Pebblebrook Hotel Trust by 100.2% during the 4th quarter. Quadrant Capital Group LLC now owns 2,644 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 1,323 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in Pebblebrook Hotel Trust by 815.6% during the 4th quarter. Sterling Capital Management LLC now owns 3,763 shares of the real estate investment trust's stock valued at $51,000 after buying an additional 3,352 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Pebblebrook Hotel Trust during the 4th quarter valued at about $99,000. Cantor Fitzgerald L. P. bought a new stake in Pebblebrook Hotel Trust during the 4th quarter valued at about $136,000. Finally, Algert Global LLC bought a new stake in Pebblebrook Hotel Trust during the 4th quarter valued at about $148,000.

Pebblebrook Hotel Trust Stock Up 2.5%

Shares of Pebblebrook Hotel Trust stock traded up $0.23 on Thursday, reaching $9.26. The stock had a trading volume of 3,114,194 shares, compared to its average volume of 1,970,671. The company has a 50 day moving average price of $9.16 and a 200 day moving average price of $11.58. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78. Pebblebrook Hotel Trust has a 1 year low of $7.41 and a 1 year high of $15.12. The stock has a market capitalization of $1.10 billion, a P/E ratio of -31.93, a P/E/G ratio of 0.60 and a beta of 1.80.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $320.27 million for the quarter, compared to the consensus estimate of $311.74 million. During the same quarter in the previous year, the firm earned $0.21 EPS. The company's quarterly revenue was up 2.0% compared to the same quarter last year. As a group, equities research analysts forecast that Pebblebrook Hotel Trust will post 1.5 EPS for the current year.

Pebblebrook Hotel Trust Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on PEB shares. Wall Street Zen lowered shares of Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a report on Wednesday, March 5th. Truist Financial decreased their price objective on shares of Pebblebrook Hotel Trust from $10.00 to $9.00 and set a "hold" rating for the company in a report on Monday. Wells Fargo & Company reduced their price target 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. Evercore ISI reduced their price target on shares of 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. Finally, Compass Point lowered shares of Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and reduced their price target for the company from $17.00 to $15.00 in a report on Monday, March 10th. Two equities 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 stock. Based on data from MarketBeat.com, Pebblebrook Hotel Trust currently has a consensus rating of "Hold" and a consensus target price of $12.28.

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.