Vanguard Group Inc. Has $269.15 Million Stake in Pebblebrook Hotel Trust (NYSE:PEB)

Vanguard Group Inc. lowered its holdings in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 2.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,804,947 shares of the real estate investment trust's stock after selling 414,736 shares during the quarter. Vanguard Group Inc. owned 16.44% of Pebblebrook Hotel Trust worth $269,149,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of PEB. Two Sigma Investments LP lifted its position in shares of Pebblebrook Hotel Trust by 968.1% in the 1st quarter. Two Sigma Investments LP now owns 1,594,256 shares of the real estate investment trust's stock worth $22,383,000 after acquiring an additional 1,444,992 shares during the period. William Blair Investment Management LLC lifted its position in shares of Pebblebrook Hotel Trust by 49.8% during the 3rd quarter. William Blair Investment Management LLC now owns 3,656,930 shares of the real estate investment trust's stock worth $49,698,000 after buying an additional 1,215,683 shares during the period. Norges Bank bought a new position in shares of Pebblebrook Hotel Trust during the 4th quarter worth approximately $14,624,000. Two Sigma Advisers LP lifted its position in shares of Pebblebrook Hotel Trust by 240.4% during the 1st quarter. Two Sigma Advisers LP now owns 1,489,075 shares of the real estate investment trust's stock worth $20,907,000 after buying an additional 1,051,600 shares during the period. Finally, T. Rowe Price Investment Management Inc. lifted its position in shares of Pebblebrook Hotel Trust by 17.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,028,744 shares of the real estate investment trust's stock worth $67,335,000 after buying an additional 745,663 shares during the period.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Truist Financial raised their target price on Pebblebrook Hotel Trust from $15.00 to $16.00 and gave the stock a "hold" rating in a research report on Thursday, January 18th. Compass Point reaffirmed a "neutral" rating and set a $17.00 price target on shares of Pebblebrook Hotel Trust in a report on Thursday. Bank of America cut Pebblebrook Hotel Trust from a "neutral" rating to an "underperform" rating and set a $13.50 price target for the company. in a report on Monday, January 8th. Finally, Wells Fargo & Company raised their price target on Pebblebrook Hotel Trust from $14.00 to $16.00 and gave the company an "equal weight" rating in a report on Friday, December 22nd. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $14.78.

Insiders Place Their Bets

In other Pebblebrook Hotel Trust news, insider Thomas Charles Fisher sold 11,441 shares of Pebblebrook Hotel Trust stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $15.62, for a total transaction of $178,708.42. Following the transaction, the insider now directly owns 254,449 shares in the company, valued at $3,974,493.38. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.40% of the company's stock.

Pebblebrook Hotel Trust Trading Down 1.1 %

Shares of Pebblebrook Hotel Trust stock traded down $0.17 during trading on Friday, reaching $15.41. 1,297,309 shares of the company were exchanged, compared to its average volume of 1,408,671. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.81. Pebblebrook Hotel Trust has a twelve month low of $11.39 and a twelve month high of $16.65. The business has a 50-day moving average price of $15.78 and a 200-day moving average price of $14.48. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of -15.89, a P/E/G ratio of 0.71 and a beta of 1.86.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.06. The business had revenue of $334.10 million during the quarter, compared to analysts' expectations of $325.42 million. Pebblebrook Hotel Trust had a negative return on equity of 2.65% and a negative net margin of 5.49%. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.20 earnings per share. Sell-side analysts anticipate that Pebblebrook Hotel Trust will post 1.57 EPS for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.04 annualized dividend and a yield of 0.26%. Pebblebrook Hotel Trust's dividend payout ratio is presently -4.12%.

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.