First Trust Advisors LP Acquires 88,887 Shares of Pebblebrook Hotel Trust (NYSE:PEB)

First Trust Advisors LP grew its holdings in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 72.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 211,485 shares of the real estate investment trust's stock after acquiring an additional 88,887 shares during the quarter. First Trust Advisors LP owned 0.18% of Pebblebrook Hotel Trust worth $2,866,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. HGI Capital Management LLC bought a new stake in shares of Pebblebrook Hotel Trust during the fourth quarter worth $3,257,000. Farringdon Capital Ltd. bought a new stake in shares of Pebblebrook Hotel Trust during the fourth quarter worth about $331,000. Marshall Wace LLP bought a new position in Pebblebrook Hotel Trust in the 4th quarter valued at approximately $6,161,000. XTX Topco Ltd bought a new stake in Pebblebrook Hotel Trust during the 4th quarter worth approximately $195,000. Finally, Optimize Financial Inc acquired a new position in Pebblebrook Hotel Trust in the 4th quarter valued at approximately $158,000.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Stifel Nicolaus reduced their price objective on shares of Pebblebrook Hotel Trust from $16.50 to $13.25 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Compass Point cut Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and decreased their price target for the company from $17.00 to $15.00 in a research note on Monday, March 10th. StockNews.com lowered Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research note on Wednesday, March 5th. Wells Fargo & Company decreased their target price on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 18th. Finally, Truist Financial dropped their price target on shares of Pebblebrook Hotel Trust from $14.00 to $13.00 and set a "hold" rating on the stock in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $13.28.

Pebblebrook Hotel Trust Price Performance

Pebblebrook Hotel Trust stock opened at $9.14 on Friday. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of -31.52, a PEG ratio of 0.60 and a beta of 1.69. Pebblebrook Hotel Trust has a 52-week low of $7.41 and a 52-week high of $15.46. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 0.81. The stock's 50 day moving average price is $9.93 and its two-hundred day moving average price is $12.06.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $320.27 million for the quarter, compared to analyst estimates of $311.74 million. During the same period in the prior year, the firm earned $0.21 earnings per share. Pebblebrook Hotel Trust's revenue was up 2.0% on a year-over-year basis. On average, equities analysts predict that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current year.

Pebblebrook Hotel Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date was Monday, March 31st. Pebblebrook Hotel Trust's dividend payout ratio is currently -9.30%.

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.

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