Pebblebrook Hotel Trust (NYSE:PEB) Shares Acquired by Northern Trust Corp

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

Several other institutional investors have also recently made changes to their positions in PEB. Quadrant Capital Group LLC grew its position in Pebblebrook Hotel Trust by 100.2% during the 4th quarter. Quadrant Capital Group LLC now owns 2,644 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 1,323 shares during the period. Sterling Capital Management LLC boosted its stake in shares of Pebblebrook Hotel Trust by 815.6% in 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. Cibc World Markets Corp purchased a new position in Pebblebrook Hotel Trust during the fourth quarter valued at approximately $151,000. Optimize Financial Inc acquired a new position in Pebblebrook Hotel Trust in the fourth quarter valued at approximately $158,000. Finally, Metis Global Partners LLC lifted its stake in shares of 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 valued at $187,000 after purchasing an additional 1,412 shares during the period.

Analyst Ratings Changes

PEB has been the topic of a number of recent analyst reports. Compass Point lowered Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and decreased their target price for the company from $17.00 to $15.00 in a research report on Monday, March 10th. Raymond James set a $14.00 price target on shares of Pebblebrook Hotel Trust and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Wells Fargo & Company reduced their target price on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an "equal weight" rating for the company in a report on Tuesday, February 18th. Stifel Nicolaus lowered their price target 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. Finally, Evercore ISI dropped their price target 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 equities research 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. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $12.78.

Pebblebrook Hotel Trust Stock Up 0.9%

Shares of 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 1,953,351. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 0.81. 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. The stock's 50-day moving average is $9.53 and its 200-day moving average is $11.89. Pebblebrook Hotel Trust has a fifty-two week low of $7.41 and a fifty-two week high of $15.46.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.16 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $311.74 million. During the same period in the prior year, the firm posted $0.21 earnings per share. The firm's revenue was up 2.0% on a year-over-year basis. On average, sell-side analysts anticipate that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend was Monday, March 31st. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is -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.