GRS Advisors LLC Cuts Stock Holdings in Pebblebrook Hotel Trust (NYSE:PEB)

GRS Advisors LLC decreased its holdings in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 19.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,199,423 shares of the real estate investment trust's stock after selling 778,415 shares during the quarter. Pebblebrook Hotel Trust comprises 4.3% of GRS Advisors LLC's investment portfolio, making the stock its 9th largest holding. GRS Advisors LLC owned 2.67% of Pebblebrook Hotel Trust worth $43,352,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. boosted its holdings in shares of 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 valued at $90,964,000 after acquiring an additional 525,991 shares during the period. Earnest Partners LLC boosted its position in Pebblebrook Hotel Trust by 0.3% during the fourth quarter. Earnest Partners LLC now owns 4,936,306 shares of the real estate investment trust's stock worth $66,887,000 after purchasing an additional 13,479 shares during the period. Alyeska Investment Group L.P. lifted its position in Pebblebrook Hotel Trust by 43.3% in the fourth quarter. Alyeska Investment Group L.P. now owns 4,167,770 shares of the real estate investment trust's stock worth $56,473,000 after purchasing an additional 1,260,077 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Pebblebrook Hotel Trust by 19.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,956,436 shares of the real estate investment trust's stock worth $40,061,000 after purchasing an additional 481,076 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Pebblebrook Hotel Trust by 3.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,504,751 shares of the real estate investment trust's stock worth $33,939,000 after acquiring an additional 86,592 shares in the last quarter.

Analyst Upgrades and Downgrades

PEB has been the subject of a number of research reports. StockNews.com lowered 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 target price on Pebblebrook Hotel Trust and gave the company an "outperform" rating in a research report on Thursday, February 27th. Compass Point downgraded Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and cut their target price for the company from $17.00 to $15.00 in a research report on Monday, March 10th. Finally, Stifel Nicolaus cut their target price 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 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 company. Based on data from MarketBeat, Pebblebrook Hotel Trust has a consensus rating of "Hold" and a consensus price target of $12.78.

Pebblebrook Hotel Trust Price Performance

PEB traded down $0.08 on Thursday, reaching $10.15. The stock had a trading volume of 80,860 shares, compared to its average volume of 1,945,452. Pebblebrook Hotel Trust has a fifty-two week low of $7.41 and a fifty-two week high of $15.46. The firm has a 50-day moving average of $9.56 and a 200-day moving average of $11.91. 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 company has a market capitalization of $1.20 billion, a price-to-earnings ratio of -34.91, a price-to-earnings-growth ratio of 0.60 and a beta of 1.80.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. Pebblebrook Hotel Trust had a return on equity of 0.13% and a net margin of 0.25%. The business had revenue of $320.27 million during the quarter, compared to analysts' expectations of $311.74 million. During the same quarter in the prior year, the firm earned $0.21 EPS. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Pebblebrook Hotel Trust will post 1.5 EPS for the current year.

Pebblebrook Hotel Trust Announces Dividend

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