Squarepoint Ops LLC Has $630,000 Position in Pebblebrook Hotel Trust (NYSE:PEB)

Squarepoint Ops LLC boosted its position in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 190.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,469 shares of the real estate investment trust's stock after acquiring 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 reporting period.

A number of other large investors have also recently added to or reduced their stakes in PEB. Wexford Capital LP bought a new position in shares of Pebblebrook Hotel Trust in the 4th quarter valued at about $271,000. Twinbeech Capital LP bought a new position in shares of Pebblebrook Hotel Trust in the 4th quarter valued at about $834,000. Two Sigma Investments LP grew its position in shares of Pebblebrook Hotel Trust by 109.8% in the 4th quarter. Two Sigma Investments LP now owns 470,767 shares of the real estate investment trust's stock valued at $6,379,000 after acquiring an additional 246,430 shares during the period. State of Wyoming bought a new position in shares of Pebblebrook Hotel Trust in the 4th quarter valued at about $503,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Pebblebrook Hotel Trust in the 4th quarter valued at about $99,000.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PEB shares. Evercore ISI decreased 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 report on Monday, April 28th. Wells Fargo & Company cut their target price on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 18th. Stifel Nicolaus cut their target price on shares of Pebblebrook Hotel Trust from $16.50 to $13.25 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Compass Point cut shares of Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and cut their target price for the stock from $17.00 to $15.00 in a research note on Monday, March 10th. Finally, Wedbush set a $9.00 target price on shares of Pebblebrook Hotel Trust and gave the stock an "underperform" rating in a research note on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Pebblebrook Hotel Trust presently has an average rating of "Hold" and an average price target of $12.28.

Pebblebrook Hotel Trust Stock Performance

Pebblebrook Hotel Trust stock traded up $0.38 during midday trading on Friday, hitting $9.64. The company's stock had a trading volume of 3,571,707 shares, compared to its average volume of 1,982,281. Pebblebrook Hotel Trust has a 1-year low of $7.41 and a 1-year high of $15.12. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81. The company has a 50-day moving average price of $9.13 and a two-hundred day moving average price of $11.54. The company has a market cap of $1.14 billion, a price-to-earnings ratio of -33.22, a PEG ratio of 0.60 and a beta of 1.74.

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

Pebblebrook Hotel Trust Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 0.42%. The ex-dividend date was Monday, March 31st. 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.