Short Interest in Pebblebrook Hotel Trust (NYSE:PEB) Decreases By 18.0%

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 12,420,000 shares, a drop of 18.0% from the March 31st total of 15,150,000 shares. Currently, 10.7% of the shares of the company are short sold. Based on an average daily volume of 2,450,000 shares, the days-to-cover ratio is presently 5.1 days.

Analyst Upgrades and Downgrades

PEB has been the subject of several analyst reports. Truist Financial reduced their price objective on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a "hold" rating for the company in a research report on Tuesday, February 4th. Evercore ISI lowered their price target on Pebblebrook Hotel Trust from $15.00 to $11.00 and set an "in-line" rating on the stock in a report on Monday, April 28th. Stifel Nicolaus dropped 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. Raymond James set a $14.00 target price on Pebblebrook Hotel Trust and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Finally, Wells Fargo & Company dropped their price objective on 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. 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 company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $13.28.

Pebblebrook Hotel Trust Price Performance

Shares of PEB stock remained flat at $9.14 during trading hours on Friday. 2,588,010 shares of the stock were exchanged, compared to its average volume of 1,927,657. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of -31.52, a PEG ratio of 0.60 and a beta of 1.69. Pebblebrook Hotel Trust has a twelve month low of $7.41 and a twelve month high of $15.46. The firm has a fifty day moving average of $9.93 and a two-hundred day moving average of $12.05.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. The company had revenue of $320.27 million for the quarter, compared to the consensus estimate of $311.74 million. Pebblebrook Hotel Trust had a net margin of 0.25% and a return on equity of 0.13%. The company's revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.21 EPS. Research analysts expect that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current fiscal 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 given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend was Monday, March 31st. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is -9.30%.

Institutional Trading of Pebblebrook Hotel Trust

Several institutional investors have recently made changes to their positions in the stock. Sei Investments Co. lifted its position in Pebblebrook Hotel Trust by 0.3% in the 4th quarter. Sei Investments Co. now owns 397,337 shares of the real estate investment trust's stock worth $5,384,000 after buying an additional 1,098 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Pebblebrook Hotel Trust by 100.2% during the fourth 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. Metis Global Partners LLC raised its holdings in shares of Pebblebrook Hotel Trust by 11.4% during the fourth quarter. Metis Global Partners LLC now owns 13,823 shares of the real estate investment trust's stock worth $187,000 after acquiring an additional 1,412 shares in the last quarter. Swiss National Bank grew its stake in 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 valued at $3,212,000 after purchasing an additional 1,700 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Pebblebrook Hotel Trust by 2.3% in the 4th 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 last quarter.

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.