T. Rowe Price Investment Management Inc. Increases Stock Position in Pebblebrook Hotel Trust (NYSE:PEB)

T. Rowe Price Investment Management Inc. boosted its position in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 8.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,713,156 shares of the real estate investment trust's stock after buying an additional 525,991 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 5.61% of Pebblebrook Hotel Trust worth $90,964,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sei Investments Co. grew its position in shares of Pebblebrook Hotel Trust by 0.3% in the fourth quarter. Sei Investments Co. now owns 397,337 shares of the real estate investment trust's stock valued at $5,384,000 after purchasing an additional 1,098 shares during the period. Quadrant Capital Group LLC grew its position 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 during the period. Metis Global Partners LLC grew its position in shares of Pebblebrook Hotel Trust by 11.4% in the fourth 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. Swiss National Bank lifted its stake in shares of Pebblebrook Hotel Trust by 0.7% in the fourth 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 raised its stake in Pebblebrook Hotel Trust by 2.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 83,899 shares of the real estate investment trust's stock worth $1,137,000 after purchasing an additional 1,918 shares during the period.

Pebblebrook Hotel Trust Stock Up 1.4 %

Pebblebrook Hotel Trust stock traded up $0.13 during midday trading on Thursday, reaching $9.18. The company's stock had a trading volume of 572,580 shares, compared to its average volume of 1,914,343. Pebblebrook Hotel Trust has a fifty-two week low of $7.41 and a fifty-two week high of $15.46. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78. The company has a market cap of $1.09 billion, a P/E ratio of -31.62, a P/E/G ratio of 0.60 and a beta of 1.69. The business has a 50-day simple moving average of $10.03 and a 200-day simple moving average of $12.11.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend was Monday, March 31st. Pebblebrook Hotel Trust's dividend payout ratio is presently -9.30%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wells Fargo & Company reduced their target price on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 18th. Raymond James set a $14.00 price objective on shares of Pebblebrook Hotel Trust and gave the stock an "outperform" rating in a report on Thursday, February 27th. Wedbush downgraded shares of Pebblebrook Hotel Trust from a "neutral" rating to an "underperform" rating and set a $13.00 target price for the company. in a report on Thursday, January 2nd. StockNews.com cut Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research note on Wednesday, March 5th. Finally, Stifel Nicolaus lowered their price target on Pebblebrook Hotel Trust from $16.50 to $13.25 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, Pebblebrook Hotel Trust currently has a consensus rating of "Hold" and a consensus target price of $13.28.

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.