SG Americas Securities LLC Cuts Stake in Pebblebrook Hotel Trust (NYSE:PEB)

SG Americas Securities LLC cut its position in Pebblebrook Hotel Trust (NYSE:PEB) by 48.6% during the fourth quarter, HoldingsChannel reports. The firm owned 12,640 shares of the real estate investment trust’s stock after selling 11,929 shares during the quarter. SG Americas Securities LLC’s holdings in Pebblebrook Hotel Trust were worth $202,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Tower Research Capital LLC TRC increased its position in shares of Pebblebrook Hotel Trust by 76.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,525 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 3,256 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Pebblebrook Hotel Trust by 13.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,687 shares of the real estate investment trust’s stock valued at $104,000 after purchasing an additional 884 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Pebblebrook Hotel Trust in the 1st quarter valued at approximately $237,000. Captrust Financial Advisors purchased a new stake in shares of Pebblebrook Hotel Trust in the 2nd quarter valued at approximately $176,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Pebblebrook Hotel Trust in the 3rd quarter valued at approximately $148,000.

Insider Buying and Selling

In related news, insider Thomas Charles Fisher sold 11,441 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $15.62, for a total transaction of $178,708.42. Following the completion of the sale, the insider now owns 254,449 shares in the company, valued at approximately $3,974,493.38. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Truist Financial increased their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $16.00 and gave the company a “hold” rating in a research report on Thursday, January 18th. Bank of America cut shares of Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.50 target price for the company. in a report on Monday, January 8th. Wells Fargo & Company upped their target price on shares of Pebblebrook Hotel Trust from $14.00 to $16.00 and gave the company an “equal weight” rating in a report on Friday, December 22nd. Finally, Compass Point restated a “neutral” rating and issued a $17.00 target price on shares of Pebblebrook Hotel Trust in a report on Thursday, March 28th. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $14.78.

Pebblebrook Hotel Trust Stock Down 2.4 %

Shares of NYSE:PEB opened at $15.30 on Friday. The stock has a market cap of $1.84 billion, a P/E ratio of -15.77, a P/E/G ratio of 0.70 and a beta of 1.86. The firm has a fifty day moving average price of $15.74 and a 200 day moving average price of $14.57. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.97 and a quick ratio of 0.97. Pebblebrook Hotel Trust has a 1-year low of $11.39 and a 1-year high of $16.65.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.06. The firm had revenue of $334.10 million during the quarter, compared to analysts’ expectations of $325.42 million. Pebblebrook Hotel Trust had a negative net margin of 5.49% and a negative return on equity of 2.65%. Pebblebrook Hotel Trust’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.20 EPS. Sell-side analysts predict that Pebblebrook Hotel Trust will post 1.57 EPS for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date is Wednesday, March 27th. Pebblebrook Hotel Trust’s dividend payout ratio is currently -4.12%.

About Pebblebrook Hotel Trust

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.