Northern Trust Corp Boosts Stake in Pebblebrook Hotel Trust (NYSE:PEB)

Northern Trust Corp lifted its stake in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 27.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,583,457 shares of the real estate investment trust's stock after buying an additional 341,630 shares during the quarter. Northern Trust Corp owned approximately 1.32% of Pebblebrook Hotel Trust worth $21,456,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of PEB. Centersquare Investment Management LLC boosted its stake in shares of Pebblebrook Hotel Trust by 2,448.9% in the fourth quarter. Centersquare Investment Management LLC now owns 1,879,327 shares of the real estate investment trust's stock worth $25,465,000 after buying an additional 1,805,597 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC purchased a new stake in shares of Pebblebrook Hotel Trust in the fourth quarter worth about $13,788,000. Landmark Investment Partners L.P. purchased a new stake in shares of Pebblebrook Hotel Trust in the fourth quarter worth about $13,075,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Pebblebrook Hotel Trust by 82.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,399,856 shares of the real estate investment trust's stock worth $18,968,000 after buying an additional 633,881 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its position in Pebblebrook Hotel Trust by 8.5% during the fourth 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 purchasing an additional 525,991 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on PEB shares. Truist Financial lowered their price target on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a "hold" rating on the stock in a research report on Tuesday, February 4th. StockNews.com downgraded Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research report on Wednesday, March 5th. Wedbush set a $9.00 price target on Pebblebrook Hotel Trust and gave the stock an "underperform" rating in a research report on Tuesday, May 6th. Raymond James set a $14.00 price target on Pebblebrook Hotel Trust and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Finally, Wells Fargo & Company lowered their price target on 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. 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 stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $12.78.

Pebblebrook Hotel Trust Stock Up 0.9%

PEB traded up $0.09 on Friday, hitting $10.15. 1,299,591 shares of the company were exchanged, compared to its average volume of 1,957,814. Pebblebrook Hotel Trust has a twelve month low of $7.41 and a twelve month high of $15.46. The company has a market cap 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. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. The firm has a 50-day moving average price of $9.51 and a two-hundred day moving average price of $11.87.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last released 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 business had revenue of $320.27 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.21 EPS. On average, equities analysts predict that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The firm 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 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 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.