Price T Rowe Associates Inc. MD Has $40.06 Million Holdings in Pebblebrook Hotel Trust (NYSE:PEB)

Price T Rowe Associates Inc. MD increased its holdings in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 19.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,956,436 shares of the real estate investment trust's stock after buying an additional 481,076 shares during the period. Price T Rowe Associates Inc. MD owned 2.47% of Pebblebrook Hotel Trust worth $40,061,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of PEB. Nordea Investment Management AB raised its position in shares of Pebblebrook Hotel Trust by 90.2% during the 4th quarter. Nordea Investment Management AB now owns 746,763 shares of the real estate investment trust's stock valued at $10,193,000 after acquiring an additional 354,116 shares during the last quarter. abrdn plc grew its stake in shares of Pebblebrook Hotel Trust by 45.2% during the fourth quarter. abrdn plc now owns 35,696 shares of the real estate investment trust's stock worth $481,000 after purchasing an additional 11,117 shares during the period. Entropy Technologies LP increased its holdings in Pebblebrook Hotel Trust by 93.3% in the fourth quarter. Entropy Technologies LP now owns 54,880 shares of the real estate investment trust's stock valued at $744,000 after purchasing an additional 26,487 shares during the last quarter. Van ECK Associates Corp lifted its stake in Pebblebrook Hotel Trust by 10.2% in the fourth quarter. Van ECK Associates Corp now owns 22,619 shares of the real estate investment trust's stock valued at $306,000 after buying an additional 2,096 shares during the period. Finally, Asset Management One Co. Ltd. boosted its holdings in Pebblebrook Hotel Trust by 1.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 177,178 shares of the real estate investment trust's stock worth $2,406,000 after buying an additional 2,337 shares during the last quarter.

Pebblebrook Hotel Trust Price Performance

Shares of PEB remained flat at $9.14 during midday trading on Friday. The company's stock had a trading volume of 2,588,010 shares, compared to its average volume of 1,923,879. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of -31.52, a price-to-earnings-growth ratio of 0.60 and a beta of 1.69. The firm has a fifty day moving average of $9.98 and a 200 day moving average of $12.09. Pebblebrook Hotel Trust has a 1 year low of $7.41 and a 1 year 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, beating the consensus estimate 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 firm had revenue of $320.27 million for the quarter, compared to analysts' expectations of $311.74 million. During the same quarter in the previous year, the business posted $0.21 EPS. The business's quarterly revenue was up 2.0% compared to the same quarter last year. Analysts forecast that Pebblebrook Hotel Trust will post 1.5 EPS for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Truist Financial cut their price target on shares of Pebblebrook Hotel Trust from $14.00 to $13.00 and set a "hold" rating on the stock in a research report on Tuesday, February 4th. Wells Fargo & Company reduced their price target on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 18th. Wedbush cut shares of Pebblebrook Hotel Trust from a "neutral" rating to an "underperform" rating and set a $13.00 price objective for the company. in a research report on Thursday, January 2nd. Stifel Nicolaus reduced their target price on Pebblebrook Hotel Trust from $16.50 to $13.25 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Finally, Evercore ISI decreased their target price on Pebblebrook Hotel Trust from $15.00 to $11.00 and set an "in-line" rating for the company in a research note on Monday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $13.28.

About Pebblebrook Hotel Trust

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.