Pebblebrook Hotel Trust (NYSE:PEB) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 31.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 611,305 shares of the real estate investment trust's stock after selling 283,582 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.51% of Pebblebrook Hotel Trust worth $8,283,000 as of its most recent filing with the Securities and Exchange Commission.

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

Pebblebrook Hotel Trust Trading Up 1.7%

NYSE:PEB traded up $0.15 on Tuesday, reaching $9.21. The stock had a trading volume of 978,559 shares, compared to its average volume of 1,957,736. Pebblebrook Hotel Trust has a 12-month low of $7.41 and a 12-month high of $15.12. The company has a market cap of $1.09 billion, a price-to-earnings ratio of -31.76, a P/E/G ratio of 0.60 and a beta of 1.80. The firm's fifty day moving average is $9.21 and its two-hundred day moving average is $11.61. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81.

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, topping analysts' consensus estimates 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 net margin of 0.25% and a return on equity of 0.13%. Pebblebrook Hotel Trust's revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.21 earnings per share. Equities 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. Investors of record on Monday, March 31st were paid a $0.01 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.04 annualized dividend and a yield of 0.43%. Pebblebrook Hotel Trust's payout ratio is currently -8.33%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on PEB shares. Wedbush set a $9.00 price target on Pebblebrook Hotel Trust and gave the company an "underperform" rating in a research report on Tuesday, May 6th. Wells Fargo & Company lowered their price objective on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 18th. Truist Financial cut their target price on shares of Pebblebrook Hotel Trust from $10.00 to $9.00 and set a "hold" rating for the company in a research report on Monday. Stifel Nicolaus reduced their price target on shares of Pebblebrook Hotel Trust from $16.50 to $13.25 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Finally, Evercore ISI lowered their price target 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. Two 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 company. According to data from MarketBeat.com, Pebblebrook Hotel Trust has a consensus rating of "Hold" and a consensus price target 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.