Tudor Investment Corp ET AL Sells 91,480 Shares of Pebblebrook Hotel Trust (NYSE:PEB)

Tudor Investment Corp ET AL trimmed its position in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 21.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 328,668 shares of the real estate investment trust's stock after selling 91,480 shares during the period. Tudor Investment Corp ET AL owned approximately 0.27% of Pebblebrook Hotel Trust worth $4,453,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Nordea Investment Management AB lifted its holdings in shares of Pebblebrook Hotel Trust by 90.2% in the fourth quarter. Nordea Investment Management AB now owns 746,763 shares of the real estate investment trust's stock valued at $10,193,000 after purchasing an additional 354,116 shares in 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 buying an additional 11,117 shares during the last quarter. Entropy Technologies LP increased its holdings in shares of Pebblebrook Hotel Trust by 93.3% during the fourth quarter. Entropy Technologies LP now owns 54,880 shares of the real estate investment trust's stock worth $744,000 after buying an additional 26,487 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Pebblebrook Hotel Trust by 10.2% during the 4th quarter. Van ECK Associates Corp now owns 22,619 shares of the real estate investment trust's stock valued at $306,000 after acquiring an additional 2,096 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its position in Pebblebrook Hotel Trust by 1.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 177,178 shares of the real estate investment trust's stock worth $2,406,000 after acquiring an additional 2,337 shares during the last quarter.

Pebblebrook Hotel Trust Price Performance

Shares of NYSE:PEB traded up $0.15 during trading on Wednesday, reaching $9.05. The company had a trading volume of 177,292 shares, compared to its average volume of 1,924,448. 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. The stock has a market capitalization of $1.07 billion, a P/E ratio of -31.15, a price-to-earnings-growth ratio of 0.60 and a beta of 1.80. The company has a fifty day moving average of $9.81 and a two-hundred day moving average of $12.01.

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 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. The company had revenue of $320.27 million during the quarter, compared to the consensus estimate of $311.74 million. Pebblebrook Hotel Trust had a return on equity of 0.13% and a net margin of 0.25%. Pebblebrook Hotel Trust's quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS. Equities research analysts forecast that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current year.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.01 per share. 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 is currently -8.33%.

Wall Street Analyst Weigh In

PEB has been the topic of a number of recent research reports. Truist Financial cut their price target on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a "hold" rating on the stock in a research note on Tuesday, February 4th. 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. Evercore ISI lowered 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. Compass Point downgraded shares of Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $17.00 to $15.00 in a research report on Monday, March 10th. Finally, StockNews.com cut shares of 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 given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $13.28.

Pebblebrook Hotel Trust 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.