Two Sigma Investments LP Increases Holdings in Pebblebrook Hotel Trust (NYSE:PEB)

Two Sigma Investments LP lifted its stake in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 109.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 470,767 shares of the real estate investment trust's stock after buying an additional 246,430 shares during the period. Two Sigma Investments LP owned approximately 0.39% of Pebblebrook Hotel Trust worth $6,379,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in PEB. Centersquare Investment Management LLC lifted its stake in Pebblebrook Hotel Trust by 2,448.9% during the fourth quarter. Centersquare Investment Management LLC now owns 1,879,327 shares of the real estate investment trust's stock worth $25,465,000 after purchasing an additional 1,805,597 shares during the last quarter. Alyeska Investment Group L.P. increased its holdings in Pebblebrook Hotel Trust by 43.3% in the fourth quarter. Alyeska Investment Group L.P. now owns 4,167,770 shares of the real estate investment trust's stock valued at $56,473,000 after purchasing an additional 1,260,077 shares during the period. Nuveen Asset Management LLC increased its holdings in Pebblebrook Hotel Trust by 82.3% in the fourth quarter. Nuveen Asset Management LLC now owns 2,345,333 shares of the real estate investment trust's stock valued at $31,779,000 after purchasing an additional 1,058,664 shares during the period. Cbre Investment Management Listed Real Assets LLC bought a new stake in Pebblebrook Hotel Trust during the fourth quarter valued at $13,788,000. Finally, Landmark Investment Partners L.P. bought a new stake in Pebblebrook Hotel Trust during the fourth quarter valued at $13,075,000.

Analysts Set New Price Targets

A number of research firms have recently issued reports on PEB. Wall Street Zen cut shares of Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research report on Wednesday, March 5th. Evercore ISI cut their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $11.00 and set an "in-line" rating on the stock in a research report on Monday, April 28th. Compass Point cut shares of Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $17.00 to $15.00 in a research report on Monday, March 10th. Raymond James set a $14.00 price objective on shares of Pebblebrook Hotel Trust and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Finally, Wells Fargo & Company dropped their price target on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $12.78.

Pebblebrook Hotel Trust Stock Down 1.3%

Shares of NYSE:PEB traded down $0.12 during mid-day trading on Friday, hitting $9.18. 2,392,858 shares of the company traded hands, compared to its average volume of 1,963,763. The stock has a market cap of $1.09 billion, a P/E ratio of -31.65, a P/E/G ratio of 0.60 and a beta of 1.80. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. Pebblebrook Hotel Trust has a 12-month low of $7.41 and a 12-month high of $15.12. The stock has a 50-day moving average price of $9.24 and a two-hundred day moving average price of $11.64.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. The company had revenue of $320.27 million for the quarter, compared to analysts' expectations 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 quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.21 earnings per share. On average, equities research analysts forecast that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current year.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.44%. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is currently -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.