Price T Rowe Associates Inc. MD Buys 481,076 Shares of Pebblebrook Hotel Trust (NYSE:PEB)

Price T Rowe Associates Inc. MD raised its position in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 19.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,956,436 shares of the real estate investment trust's stock after purchasing 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 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Quadrant Capital Group LLC raised its position in shares of Pebblebrook Hotel Trust by 100.2% in the 4th quarter. Quadrant Capital Group LLC now owns 2,644 shares of the real estate investment trust's stock worth $36,000 after acquiring an additional 1,323 shares in the last quarter. Sterling Capital Management LLC raised its holdings in shares of Pebblebrook Hotel Trust by 815.6% during the fourth quarter. Sterling Capital Management LLC now owns 3,763 shares of the real estate investment trust's stock valued at $51,000 after purchasing an additional 3,352 shares during the period. Cibc World Markets Corp bought a new position in shares of Pebblebrook Hotel Trust during the 4th quarter worth about $151,000. Optimize Financial Inc acquired a new stake in shares of Pebblebrook Hotel Trust in the 4th quarter valued at about $158,000. Finally, Metis Global Partners LLC raised its stake in Pebblebrook Hotel Trust by 11.4% during the 4th quarter. Metis Global Partners LLC now owns 13,823 shares of the real estate investment trust's stock worth $187,000 after buying an additional 1,412 shares during the period.

Analyst Ratings Changes

Several research firms recently issued reports on PEB. StockNews.com downgraded shares of Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research report on Wednesday, March 5th. Stifel Nicolaus dropped their price target on shares of Pebblebrook Hotel Trust from $16.50 to $13.25 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Compass Point lowered Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and dropped their target price for the company from $17.00 to $15.00 in a report on Monday, March 10th. Evercore ISI reduced their target price 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, Raymond James set a $14.00 target price on Pebblebrook Hotel Trust and gave the company an "outperform" rating in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $13.28.

Pebblebrook Hotel Trust Trading Up 0.7 %

Shares of PEB stock traded up $0.06 during trading hours on Monday, reaching $9.20. The company's stock had a trading volume of 302,877 shares, compared to its average volume of 2,300,480. The stock has a market capitalization of $1.09 billion, a P/E ratio of -31.79, a P/E/G ratio of 0.60 and a beta of 1.69. 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 has a one year low of $7.41 and a one year high of $15.46. The firm's fifty day simple moving average is $9.93 and its 200 day simple moving average is $12.05.

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 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 business had revenue of $320.27 million for the quarter, compared to the consensus estimate of $311.74 million. During the same period last year, the business posted $0.21 EPS. The company's revenue was up 2.0% compared to the same quarter last year. Equities research analysts expect that Pebblebrook Hotel Trust will post 1.5 EPS for the current year.

Pebblebrook Hotel Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.01 per share. The ex-dividend date was Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.43%. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is -9.30%.

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.