Pebblebrook Hotel Trust (NYSE:PEB) Shares Purchased by First Trust Advisors LP

First Trust Advisors LP increased its position in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 72.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 211,485 shares of the real estate investment trust's stock after purchasing 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 reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Quadrant Capital Group LLC lifted its position 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 buying an additional 1,323 shares during the last quarter. Sterling Capital Management LLC increased its stake in shares of 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 valued at $51,000 after acquiring an additional 3,352 shares in the last quarter. Cibc World Markets Corp bought a new stake in shares of Pebblebrook Hotel Trust during the fourth quarter valued at approximately $151,000. Optimize Financial Inc purchased a new stake in shares of Pebblebrook Hotel Trust in the fourth quarter worth approximately $158,000. Finally, Metis Global Partners LLC grew its holdings in shares of Pebblebrook Hotel Trust by 11.4% in the fourth quarter. Metis Global Partners LLC now owns 13,823 shares of the real estate investment trust's stock valued at $187,000 after acquiring an additional 1,412 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company lowered their target price 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. Evercore ISI cut their price objective on Pebblebrook Hotel Trust from $15.00 to $11.00 and set an "in-line" rating for the company in a report on Monday, April 28th. Truist Financial lowered their target price on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a "hold" rating on the stock in a report on Tuesday, February 4th. Wedbush set a $9.00 price target on shares of Pebblebrook Hotel Trust and gave the company an "underperform" rating in a research report on Tuesday. Finally, Raymond James set a $14.00 target price on shares of Pebblebrook Hotel Trust and gave the company an "outperform" rating in a report on Thursday, February 27th. Two 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's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $12.78.

Pebblebrook Hotel Trust Stock Performance

Shares of Pebblebrook Hotel Trust stock traded up $0.17 during trading on Friday, hitting $9.65. 593,095 shares of the company's stock were exchanged, compared to its average volume of 2,284,493. The business has a 50-day simple moving average of $9.69 and a 200-day simple moving average of $11.96. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of -33.27, a PEG ratio of 0.60 and a beta of 1.80. 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.

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 for the quarter, topping the consensus estimate of $0.13 by $0.03. The business 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 quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.21 EPS. On average, research analysts forecast that Pebblebrook Hotel Trust will post 1.5 EPS for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend was Monday, March 31st. Pebblebrook Hotel Trust's payout ratio is -8.33%.

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.