Twinbeech Capital LP Acquires Shares of 61,536 Pebblebrook Hotel Trust (NYSE:PEB)

Twinbeech Capital LP purchased a new stake in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 61,536 shares of the real estate investment trust's stock, valued at approximately $834,000. Twinbeech Capital LP owned about 0.05% of Pebblebrook Hotel Trust as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Quadrant Capital Group LLC increased its holdings in shares of Pebblebrook Hotel Trust by 100.2% in the fourth quarter. Quadrant Capital Group LLC now owns 2,644 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 1,323 shares during the period. Sterling Capital Management LLC increased its holdings in shares of Pebblebrook Hotel Trust by 815.6% in the fourth quarter. Sterling Capital Management LLC now owns 3,763 shares of the real estate investment trust's stock valued at $51,000 after purchasing an additional 3,352 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Pebblebrook Hotel Trust in the fourth quarter valued at about $99,000. Cantor Fitzgerald L. P. acquired a new position in shares of Pebblebrook Hotel Trust in the fourth quarter valued at about $136,000. Finally, Algert Global LLC acquired a new position in shares of Pebblebrook Hotel Trust in the fourth quarter valued at about $148,000.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PEB. Stifel Nicolaus cut their price objective on Pebblebrook Hotel Trust from $16.50 to $13.25 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Compass Point lowered Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and cut their price objective for the company from $17.00 to $15.00 in a report on Monday, March 10th. Wedbush set a $9.00 price objective on Pebblebrook Hotel Trust and gave the company an "underperform" rating in a report on Tuesday, May 6th. Truist Financial cut their price objective on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a "hold" rating on the stock in a report on Tuesday, February 4th. Finally, Wells Fargo & Company cut their price objective on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $12.78.

Pebblebrook Hotel Trust Stock Performance

Pebblebrook Hotel Trust stock traded down $0.20 during midday trading on Friday, hitting $8.88. 1,837,161 shares of the company were exchanged, compared to its average volume of 1,966,426. The firm has a market capitalization of $1.05 billion, a PE ratio of -30.60, a price-to-earnings-growth ratio of 0.60 and a beta of 1.80. Pebblebrook Hotel Trust has a fifty-two week low of $7.41 and a fifty-two week high of $15.12. The business has a fifty day simple moving average of $9.37 and a two-hundred day simple moving average of $11.77. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 0.81.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. The firm had revenue of $320.27 million for the quarter, compared to analyst estimates of $311.74 million. Pebblebrook Hotel Trust had a return on equity of 0.13% and a net margin of 0.25%. Pebblebrook Hotel Trust's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the company earned $0.21 earnings per share. On average, sell-side analysts forecast that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently announced 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. This represents a $0.04 annualized dividend and a yield of 0.45%. The ex-dividend date was Monday, March 31st. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is -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.