Pebblebrook Hotel Trust (NYSE:PEB) Short Interest Down 18.0% in April

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on PEB. Wells Fargo & Company lowered their price target on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 18th. Stifel Nicolaus dropped 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 report on Wednesday, April 16th. StockNews.com cut Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research report on Wednesday, March 5th. Evercore ISI reduced their price objective on Pebblebrook Hotel Trust from $15.00 to $11.00 and set an "in-line" rating for the company in a research report on Monday, April 28th. Finally, Truist Financial dropped their target price on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a "hold" rating on the stock in a report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $13.28.

Pebblebrook Hotel Trust Price Performance

Shares of Pebblebrook Hotel Trust stock traded up $0.03 during mid-day trading on Wednesday, reaching $8.93. 430,462 shares of the stock were exchanged, compared to its average volume of 1,925,594. The firm has a 50-day simple moving average of $9.81 and a 200 day simple moving average of $12.01. 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 cap of $1.06 billion, a price-to-earnings ratio of -30.80, a price-to-earnings-growth ratio of 0.60 and a beta of 1.80. Pebblebrook Hotel Trust has a fifty-two week low of $7.41 and a fifty-two week high of $15.46.

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

Pebblebrook Hotel Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend was Monday, March 31st. Pebblebrook Hotel Trust's payout ratio is -8.33%.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PEB. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Pebblebrook Hotel Trust by 3.5% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 86,828 shares of the real estate investment trust's stock valued at $880,000 after acquiring an additional 2,929 shares during the period. Integrated Investment Consultants LLC bought a new stake in shares of Pebblebrook Hotel Trust in the 1st quarter valued at $130,000. Avantax Advisory Services Inc. lifted its holdings in Pebblebrook Hotel Trust by 81.4% during the first quarter. Avantax Advisory Services Inc. now owns 68,857 shares of the real estate investment trust's stock worth $698,000 after acquiring an additional 30,902 shares in the last quarter. Journey Strategic Wealth LLC grew its stake in Pebblebrook Hotel Trust by 18.4% in the first quarter. Journey Strategic Wealth LLC now owns 13,949 shares of the real estate investment trust's stock valued at $141,000 after acquiring an additional 2,172 shares during the period. Finally, Allianz Asset Management GmbH acquired a new stake in shares of Pebblebrook Hotel Trust during the first quarter worth about $719,000.

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.