Lighthouse Investment Partners LLC Sells 35,000 Shares of Pebblebrook Hotel Trust (NYSE:PEB)

Lighthouse Investment Partners LLC reduced its holdings in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 7.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 440,000 shares of the real estate investment trust's stock after selling 35,000 shares during the period. Lighthouse Investment Partners LLC owned about 0.37% of Pebblebrook Hotel Trust worth $5,962,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Quadrant Capital Group LLC boosted its position in Pebblebrook Hotel Trust by 100.2% in the fourth quarter. Quadrant Capital Group LLC now owns 2,644 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 1,323 shares in the last quarter. Sterling Capital Management LLC raised its stake in shares of Pebblebrook Hotel Trust by 815.6% during the fourth quarter. Sterling Capital Management LLC now owns 3,763 shares of the real estate investment trust's stock worth $51,000 after buying an additional 3,352 shares during the last quarter. Cantor Fitzgerald L. P. bought a new stake in shares of Pebblebrook Hotel Trust during the fourth quarter worth approximately $136,000. Algert Global LLC bought a new stake in Pebblebrook Hotel Trust in the fourth quarter valued at approximately $148,000. Finally, Cibc World Markets Corp bought a new stake in Pebblebrook Hotel Trust in the fourth quarter valued at approximately $151,000.

Analyst Ratings Changes

PEB has been the subject of several research reports. Truist Financial lowered their price objective on shares of Pebblebrook Hotel Trust from $14.00 to $13.00 and set a "hold" rating for the company in a research report on Tuesday, February 4th. Evercore ISI lowered their price objective on shares of 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. Stifel Nicolaus lowered their price objective on shares of Pebblebrook Hotel Trust from $16.50 to $13.25 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Wedbush set a $9.00 price objective on shares of Pebblebrook Hotel Trust and gave the stock an "underperform" rating in a research report on Tuesday, May 6th. Finally, Raymond James set a $14.00 price objective on shares of Pebblebrook Hotel Trust and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $12.78.

Pebblebrook Hotel Trust Trading Up 0.9%

NYSE:PEB traded up $0.09 during mid-day trading on Friday, hitting $10.15. 1,299,591 shares of the company's stock were exchanged, compared to its average volume of 1,957,814. The company has a 50 day simple moving average of $9.51 and a 200-day simple moving average of $11.87. 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 fifty-two week low of $7.41 and a fifty-two week high of $15.46. The firm has a market capitalization of $1.20 billion, a P/E ratio of -34.99, a PEG ratio of 0.60 and a beta of 1.80.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. The business had revenue of $320.27 million for the quarter, compared to the consensus estimate of $311.74 million. Pebblebrook Hotel Trust had a net margin of 0.25% and a return on equity of 0.13%. The firm's revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company earned $0.21 EPS. As a group, research analysts expect that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current year.

Pebblebrook Hotel Trust Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.39%. Pebblebrook Hotel Trust's payout ratio is presently -8.33%.

About Pebblebrook Hotel Trust

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.