Jefferies Financial Group Inc. Acquires New Position in Pebblebrook Hotel Trust (NYSE:PEB)

Jefferies Financial Group Inc. bought a new position in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 663,684 shares of the real estate investment trust's stock, valued at approximately $8,993,000. Jefferies Financial Group Inc. owned approximately 0.55% of Pebblebrook Hotel Trust at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of PEB. abrdn plc increased its stake in Pebblebrook Hotel Trust by 45.2% in the 4th quarter. abrdn plc now owns 35,696 shares of the real estate investment trust's stock valued at $481,000 after purchasing an additional 11,117 shares in the last quarter. Entropy Technologies LP boosted its holdings in Pebblebrook Hotel Trust by 93.3% in the fourth quarter. Entropy Technologies LP now owns 54,880 shares of the real estate investment trust's stock valued at $744,000 after acquiring an additional 26,487 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Pebblebrook Hotel Trust by 10.2% in the fourth quarter. Van ECK Associates Corp now owns 22,619 shares of the real estate investment trust's stock valued at $306,000 after acquiring an additional 2,096 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in Pebblebrook Hotel Trust by 1.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 177,178 shares of the real estate investment trust's stock valued at $2,406,000 after acquiring an additional 2,337 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its holdings in Pebblebrook Hotel Trust by 6.2% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 317,254 shares of the real estate investment trust's stock valued at $4,299,000 after acquiring an additional 18,467 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms have commented on PEB. Raymond James set a $14.00 price objective on Pebblebrook Hotel Trust and gave the company an "outperform" rating in a research report on Thursday, February 27th. Truist Financial lowered their price objective on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a "hold" rating for the company in a report on Tuesday, February 4th. Wedbush set a $9.00 target price on Pebblebrook Hotel Trust and gave the company an "underperform" rating in a research note on Tuesday, May 6th. StockNews.com downgraded Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research note on Wednesday, March 5th. Finally, Evercore ISI reduced their price objective on Pebblebrook Hotel Trust from $15.00 to $11.00 and set an "in-line" rating for the company in a research report on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $12.78.

Pebblebrook Hotel Trust Price Performance

PEB traded up $0.09 during trading on Friday, reaching $10.15. The stock had a trading volume of 1,299,591 shares, compared to its average volume of 1,957,814. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of -34.99, a price-to-earnings-growth ratio of 0.60 and a beta of 1.80. Pebblebrook Hotel Trust has a 1-year low of $7.41 and a 1-year high of $15.46. The stock has a 50 day moving average of $9.51 and a two-hundred day moving average of $11.87. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $320.27 million for 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 for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.21 EPS. As a group, equities analysts anticipate that Pebblebrook Hotel Trust will post 1.5 EPS for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend was Monday, March 31st. 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.