Landmark Investment Partners L.P. Buys New Stake in Pebblebrook Hotel Trust (NYSE:PEB)

Landmark Investment Partners L.P. bought a new stake in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 964,976 shares of the real estate investment trust's stock, valued at approximately $13,075,000. Pebblebrook Hotel Trust comprises about 5.3% of Landmark Investment Partners L.P.'s holdings, making the stock its 8th largest position. Landmark Investment Partners L.P. owned approximately 0.81% of Pebblebrook Hotel Trust at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. grew its stake in Pebblebrook Hotel Trust by 8.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,713,156 shares of the real estate investment trust's stock worth $90,964,000 after buying an additional 525,991 shares during the last quarter. Earnest Partners LLC grew its position in shares of Pebblebrook Hotel Trust by 0.3% during the fourth quarter. Earnest Partners LLC now owns 4,936,306 shares of the real estate investment trust's stock worth $66,887,000 after acquiring an additional 13,479 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Pebblebrook Hotel Trust by 19.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,956,436 shares of the real estate investment trust's stock valued at $40,061,000 after acquiring an additional 481,076 shares during the period. Charles Schwab Investment Management Inc. raised its position in Pebblebrook Hotel Trust by 3.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,504,751 shares of the real estate investment trust's stock valued at $33,939,000 after purchasing an additional 86,592 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its stake in Pebblebrook Hotel Trust by 2.3% during the 4th quarter. William Blair Investment Management LLC now owns 2,159,201 shares of the real estate investment trust's stock worth $29,257,000 after purchasing an additional 49,183 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PEB. Raymond James set a $14.00 target price on shares of Pebblebrook Hotel Trust and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Stifel Nicolaus lowered their target price on 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. Truist Financial cut their price target on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a "hold" rating for the company in a research note on Tuesday, February 4th. 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 report on Tuesday, February 18th. Finally, StockNews.com downgraded shares of Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $13.28.

Pebblebrook Hotel Trust Stock Performance

Shares of PEB remained flat at $9.14 during trading hours on Friday. 2,588,010 shares of the stock were exchanged, compared to its average volume of 1,923,880. The stock has a market capitalization of $1.08 billion, a P/E ratio of -31.52, a price-to-earnings-growth ratio of 0.60 and a beta of 1.69. Pebblebrook Hotel Trust has a 1-year low of $7.41 and a 1-year high of $15.46. The firm has a 50-day moving average of $9.93 and a 200 day moving average of $12.06. 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 results on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $320.27 million during the quarter, compared to the consensus estimate of $311.74 million. During the same period last year, the firm earned $0.21 EPS. The company's revenue for the quarter was up 2.0% on a year-over-year basis. Sell-side analysts forecast that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current year.

Pebblebrook Hotel Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.44%. The ex-dividend date was Monday, March 31st. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is presently -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.