Pebblebrook Hotel Trust (NYSE:PEB) Shares Sold by GRS Advisors LLC

GRS Advisors LLC cut its stake in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 19.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 accounts for about 4.3% of GRS Advisors LLC's portfolio, making the stock its 9th largest position. GRS Advisors LLC owned about 2.67% of Pebblebrook Hotel Trust worth $43,352,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Crestline Management LP bought a new position in Pebblebrook Hotel Trust in the fourth quarter valued at about $1,846,000. Cubist Systematic Strategies LLC acquired a new position in Pebblebrook Hotel Trust during the 4th quarter worth about $361,000. Bridgefront Capital LLC raised its position in shares of Pebblebrook Hotel Trust by 50.5% during the fourth quarter. Bridgefront Capital LLC now owns 26,508 shares of the real estate investment trust's stock worth $359,000 after acquiring an additional 8,897 shares during the last quarter. Cantor Fitzgerald L. P. acquired a new stake in Pebblebrook Hotel Trust during the 4th quarter valued at approximately $136,000. Finally, Ameriprise Financial Inc. raised its holdings in Pebblebrook Hotel Trust by 5.8% during the 4th quarter. Ameriprise Financial Inc. now owns 629,808 shares of the real estate investment trust's stock worth $8,534,000 after purchasing an additional 34,458 shares during the last quarter.

Pebblebrook Hotel Trust Stock Performance

Shares of PEB opened at $9.73 on Friday. The stock has a 50 day moving average of $9.65 and a 200 day moving average of $11.95. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of -33.55, a PEG ratio of 0.60 and a beta of 1.80. Pebblebrook Hotel Trust has a 12 month low of $7.41 and a 12 month high of $15.46. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last released its earnings results on Thursday, May 1st. The real estate investment trust reported $0.16 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 company had revenue of $320.27 million for the quarter, compared to analysts' expectations of $311.74 million. During the same period in the previous year, the business posted $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 forecast that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend was Monday, March 31st. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is -8.33%.

Analyst Ratings Changes

PEB has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their price target 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. Wedbush set a $9.00 price objective on shares of Pebblebrook Hotel Trust and gave the company an "underperform" rating in a research note on Tuesday. Stifel Nicolaus cut their target price on shares of 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. Evercore ISI decreased their price target on shares of Pebblebrook Hotel Trust from $15.00 to $11.00 and set an "in-line" rating for the company in a research note on Monday, April 28th. Finally, StockNews.com lowered Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research report on Wednesday, March 5th. Two equities 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 stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $12.78.

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.

Want to see what other hedge funds are holding PEB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pebblebrook Hotel Trust (NYSE:PEB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.