Jump Financial LLC Acquires 165,576 Shares of Pebblebrook Hotel Trust (NYSE:PEB)

Jump Financial LLC raised its position in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 241.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 234,076 shares of the real estate investment trust's stock after purchasing an additional 165,576 shares during the period. Jump Financial LLC owned approximately 0.19% of Pebblebrook Hotel Trust worth $3,741,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Nordea Investment Management AB boosted its holdings in shares of Pebblebrook Hotel Trust by 54.9% during the 4th quarter. Nordea Investment Management AB now owns 317,276 shares of the real estate investment trust's stock valued at $5,122,000 after acquiring an additional 112,472 shares in the last quarter. Phocas Financial Corp. boosted its stake in shares of Pebblebrook Hotel Trust by 437.3% during the fourth quarter. Phocas Financial Corp. now owns 220,570 shares of the real estate investment trust's stock valued at $3,525,000 after purchasing an additional 179,518 shares in the last quarter. William Blair Investment Management LLC grew its holdings in shares of Pebblebrook Hotel Trust by 49.8% during the third 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 purchasing an additional 1,215,683 shares during the last quarter. Illinois Municipal Retirement Fund acquired a new position in shares of Pebblebrook Hotel Trust in the third quarter valued at approximately $950,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Pebblebrook Hotel Trust by 5.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 90,329 shares of the real estate investment trust's stock valued at $1,443,000 after buying an additional 4,974 shares during the last quarter.

Pebblebrook Hotel Trust Price Performance

Shares of PEB stock traded up $0.27 during trading hours on Friday, reaching $14.63. The stock had a trading volume of 1,249,888 shares, compared to its average volume of 1,679,820. The stock's fifty day simple moving average is $15.30 and its 200 day simple moving average is $14.80. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $1.76 billion, a PE ratio of -14.34, a PEG ratio of 0.66 and a beta of 1.84. Pebblebrook Hotel Trust has a 12 month low of $11.39 and a 12 month high of $16.65.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last announced its earnings results on Tuesday, April 23rd. The real estate investment trust reported ($0.32) earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.48). The business had revenue of $314.10 million during the quarter, compared to the consensus estimate of $304.34 million. Pebblebrook Hotel Trust had a negative return on equity of 2.88% and a negative net margin of 5.84%. Pebblebrook Hotel Trust's revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.18 earnings per share. On average, equities research analysts predict that Pebblebrook Hotel Trust will post 1.58 EPS for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.04 dividend on an annualized basis and a yield of 0.27%. Pebblebrook Hotel Trust's payout ratio is -3.92%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on PEB shares. Truist Financial increased their target price on shares of Pebblebrook Hotel Trust from $15.00 to $16.00 and gave the company a "hold" rating in a research report on Thursday, January 18th. Compass Point reissued a "neutral" rating and issued a $17.00 price objective on shares of Pebblebrook Hotel Trust in a research report on Thursday, March 28th. Finally, StockNews.com lowered Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research report on Thursday, May 2nd. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $14.69.

Insiders Place Their Bets

In other 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 value of $178,708.42. Following the transaction, the insider now owns 254,449 shares in the company, valued at $3,974,493.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.40% of the stock is owned by insiders.

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.