Lighthouse Investment Partners LLC Has $5.96 Million Stake in Pebblebrook Hotel Trust (NYSE:PEB)

Lighthouse Investment Partners LLC trimmed its holdings in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 7.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 440,000 shares of the real estate investment trust's stock after selling 35,000 shares during the quarter. Lighthouse Investment Partners LLC owned about 0.37% of Pebblebrook Hotel Trust worth $5,962,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Sei Investments Co. increased its position in Pebblebrook Hotel Trust by 0.3% in the 4th quarter. Sei Investments Co. now owns 397,337 shares of the real estate investment trust's stock valued at $5,384,000 after acquiring an additional 1,098 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of 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 purchasing an additional 1,323 shares in the last quarter. Metis Global Partners LLC raised its position in Pebblebrook Hotel Trust by 11.4% in the 4th quarter. Metis Global Partners LLC now owns 13,823 shares of the real estate investment trust's stock worth $187,000 after purchasing an additional 1,412 shares during the last quarter. Swiss National Bank lifted its holdings in Pebblebrook Hotel Trust by 0.7% during the 4th quarter. Swiss National Bank now owns 237,012 shares of the real estate investment trust's stock worth $3,212,000 after buying an additional 1,700 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Pebblebrook Hotel Trust by 2.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 83,899 shares of the real estate investment trust's stock worth $1,137,000 after buying an additional 1,918 shares in the last quarter.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PEB. StockNews.com lowered Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research note on Wednesday, March 5th. Stifel Nicolaus dropped their price objective on Pebblebrook Hotel Trust from $16.50 to $13.25 and set a "buy" rating for the company in a report on Wednesday, April 16th. Compass Point lowered shares of Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and reduced their target price for the company from $17.00 to $15.00 in a research note on Monday, March 10th. Wedbush set a $9.00 price target 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 company an "outperform" rating in a report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $12.78.

Pebblebrook Hotel Trust Trading Up 0.9%

NYSE:PEB traded up $0.09 during trading hours on Friday, hitting $10.15. The stock had a trading volume of 1,299,591 shares, compared to its average volume of 1,953,351. The business's 50 day moving average is $9.53 and its 200-day moving average is $11.89. The company has a market cap of $1.20 billion, a price-to-earnings ratio of -34.99, a P/E/G ratio of 0.60 and a beta of 1.80. Pebblebrook Hotel Trust has a one year low of $7.41 and a one year 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 issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. Pebblebrook Hotel Trust had a return on equity of 0.13% and a net margin of 0.25%. The business had revenue of $320.27 million during the quarter, compared to analyst estimates of $311.74 million. During the same period in the previous year, the firm earned $0.21 EPS. Pebblebrook Hotel Trust's quarterly revenue was up 2.0% compared to the same quarter last year. Sell-side 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 disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders 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 annualized dividend and a dividend yield of 0.39%. Pebblebrook Hotel Trust's dividend payout ratio is currently -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.