Pebblebrook Hotel Trust (NYSE:PEB) Stake Increased by Boston Partners

Boston Partners boosted its holdings in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 19.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,728 shares of the real estate investment trust’s stock after buying an additional 11,165 shares during the period. Boston Partners owned approximately 0.06% of Pebblebrook Hotel Trust worth $931,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC grew its stake in Pebblebrook Hotel Trust by 10.8% during the 3rd quarter. FMR LLC now owns 9,069 shares of the real estate investment trust’s stock valued at $120,000 after acquiring an additional 884 shares in the last quarter. FORA Capital LLC acquired a new stake in shares of Pebblebrook Hotel Trust during the third quarter worth approximately $133,000. Cibc World Markets Corp purchased a new position in Pebblebrook Hotel Trust during the fourth quarter valued at approximately $151,000. Holocene Advisors LP acquired a new position in Pebblebrook Hotel Trust in the 3rd quarter valued at approximately $166,000. Finally, Quadrature Capital Ltd purchased a new stake in Pebblebrook Hotel Trust in the 3rd quarter worth approximately $185,000.

Pebblebrook Hotel Trust Stock Down 2.7 %

Shares of PEB stock opened at $10.30 on Friday. The stock’s 50 day simple moving average is $12.38 and its 200 day simple moving average is $12.93. Pebblebrook Hotel Trust has a twelve month low of $9.97 and a twelve month high of $16.09. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of -35.50, a PEG ratio of 0.60 and a beta of 1.87.

Pebblebrook Hotel Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend is Monday, March 31st. Pebblebrook Hotel Trust’s dividend payout ratio is -9.30%.

Analyst Ratings Changes

PEB has been the topic of several research analyst reports. Wells Fargo & Company lowered 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 report on Tuesday, February 18th. Compass Point lowered Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $17.00 to $15.00 in a research report on Monday, March 10th. Wedbush downgraded Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price target for the company. in a research note on Thursday, January 2nd. Truist Financial lowered their price target on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating for the company in a research note on Tuesday, February 4th. Finally, Raymond James set a $14.00 price objective on Pebblebrook Hotel Trust and gave the stock an “outperform” rating in a report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.86.

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.