Two Sigma Advisers LP Sells 72,100 Shares of Pebblebrook Hotel Trust (NYSE:PEB)

Two Sigma Advisers LP lessened its stake in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 28.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 180,175 shares of the real estate investment trust's stock after selling 72,100 shares during the quarter. Two Sigma Advisers LP owned approximately 0.15% of Pebblebrook Hotel Trust worth $2,441,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of PEB. Two Sigma Investments LP raised its stake in Pebblebrook Hotel Trust by 109.8% during the fourth quarter. Two Sigma Investments LP now owns 470,767 shares of the real estate investment trust's stock valued at $6,379,000 after buying an additional 246,430 shares in the last quarter. State of Wyoming acquired a new stake in shares of Pebblebrook Hotel Trust during the fourth quarter worth $503,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Pebblebrook Hotel Trust in the 4th quarter worth about $99,000. Point72 Asset Management L.P. acquired a new position in shares of Pebblebrook Hotel Trust in the 4th quarter valued at about $1,322,000. Finally, ProShare Advisors LLC raised its stake in Pebblebrook Hotel Trust by 44.3% during the fourth quarter. ProShare Advisors LLC now owns 35,995 shares of the real estate investment trust's stock worth $488,000 after acquiring an additional 11,058 shares during the period.

Pebblebrook Hotel Trust Price Performance

NYSE:PEB traded down $0.12 during trading hours on Friday, reaching $9.18. 2,392,858 shares of the company's stock were exchanged, compared to its average volume of 1,960,761. 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 market capitalization of $1.09 billion, a P/E ratio of -31.65, a price-to-earnings-growth ratio of 0.60 and a beta of 1.80. Pebblebrook Hotel Trust has a 12 month low of $7.41 and a 12 month high of $15.12. The business's 50-day simple moving average is $9.26 and its two-hundred day simple moving average is $11.67.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.16 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 during the quarter, compared to analyst estimates of $311.74 million. During the same quarter last year, the business posted $0.21 EPS. The company's revenue was up 2.0% on a year-over-year basis. Sell-side analysts expect that Pebblebrook Hotel Trust will post 1.5 EPS for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on PEB shares. Wells Fargo & Company lowered their target price on 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 cut their target price on Pebblebrook Hotel Trust from $15.00 to $11.00 and set an "in-line" rating on the stock in a research note on Monday, April 28th. Truist Financial reduced their price target on shares of Pebblebrook Hotel Trust from $14.00 to $13.00 and set a "hold" rating for the company in a report on Tuesday, February 4th. Compass Point lowered shares of Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and dropped their price target for the company from $17.00 to $15.00 in a research note on Monday, March 10th. Finally, Wall Street Zen cut shares of Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $12.78.

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.