Voloridge Investment Management LLC Raises Stock Position in Pebblebrook Hotel Trust (NYSE:PEB)

Voloridge Investment Management LLC lifted its stake in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 39.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 463,839 shares of the real estate investment trust's stock after buying an additional 130,191 shares during the quarter. Voloridge Investment Management LLC owned 0.39% of Pebblebrook Hotel Trust worth $6,285,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Quadrant Capital Group LLC boosted its position in 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 during the period. Sterling Capital Management LLC increased its position in Pebblebrook Hotel Trust by 815.6% in the 4th 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 in the 4th quarter worth about $99,000. Cantor Fitzgerald L. P. bought a new stake in shares of Pebblebrook Hotel Trust during the 4th quarter worth about $136,000. Finally, Algert Global LLC bought a new stake in Pebblebrook Hotel Trust during the 4th quarter valued at approximately $148,000.

Pebblebrook Hotel Trust Price Performance

NYSE PEB traded down $0.13 on Friday, hitting $9.18. 278,064 shares of the company's stock were exchanged, compared to its average volume of 1,952,313. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of -31.70, 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 52 week low of $7.41 and a 52 week high of $15.12. The stock has a 50-day moving average of $9.26 and a 200-day moving average of $11.67.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. The firm had revenue of $320.27 million during the quarter, compared to the consensus estimate of $311.74 million. Pebblebrook Hotel Trust had a return on equity of 0.13% and a net margin of 0.25%. The business's revenue was up 2.0% compared to the same quarter last year. During the same period last year, the business posted $0.21 EPS. Analysts expect 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. Shareholders of record on Monday, March 31st were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.04 annualized dividend and a yield of 0.44%. Pebblebrook Hotel Trust's payout ratio is -8.33%.

Wall Street Analyst Weigh In

A number of research analysts have commented on PEB shares. Evercore ISI cut their price target on shares of Pebblebrook Hotel Trust from $15.00 to $11.00 and set an "in-line" rating for the company in a research note on Monday, April 28th. Stifel Nicolaus cut their price target 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. Wall Street Zen lowered Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research note on Wednesday, March 5th. Wells Fargo & Company dropped their price objective on 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. Finally, Raymond James set a $14.00 target price on Pebblebrook Hotel Trust and gave the company an "outperform" rating in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $12.78.

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.