Raymond James & Associates Has $2.75 Million Position in Pebblebrook Hotel Trust (NYSE:PEB)

Raymond James & Associates lowered its stake in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 1.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 172,256 shares of the real estate investment trust’s stock after selling 2,277 shares during the period. Raymond James & Associates’ holdings in Pebblebrook Hotel Trust were worth $2,753,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its stake 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. Snowden Capital Advisors LLC lifted its stake in shares of Pebblebrook Hotel Trust by 7.6% in the 1st quarter. Snowden Capital Advisors LLC now owns 12,721 shares of the real estate investment trust’s stock valued at $179,000 after purchasing an additional 897 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Pebblebrook Hotel Trust by 6.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 14,579 shares of the real estate investment trust’s stock valued at $198,000 after purchasing an additional 942 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Pebblebrook Hotel Trust by 11.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 11,653 shares of the real estate investment trust’s stock valued at $156,000 after purchasing an additional 1,199 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in shares of Pebblebrook Hotel Trust by 3.5% in the 2nd quarter. Jane Street Group LLC now owns 38,154 shares of the real estate investment trust’s stock valued at $632,000 after purchasing an additional 1,305 shares during the last quarter.

Insider Transactions at Pebblebrook Hotel Trust

In other news, insider Thomas Charles Fisher sold 11,441 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $15.62, for a total transaction of $178,708.42. Following the transaction, the insider now owns 254,449 shares in the company, valued at approximately $3,974,493.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.40% of the company’s stock.

Pebblebrook Hotel Trust Stock Down 2.4 %

Pebblebrook Hotel Trust stock opened at $15.30 on Monday. The firm has a fifty day moving average price of $15.74 and a two-hundred day moving average price of $14.59. Pebblebrook Hotel Trust has a fifty-two week low of $11.39 and a fifty-two week high of $16.65. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of -15.77, a P/E/G ratio of 0.70 and a beta of 1.86.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.06. Pebblebrook Hotel Trust had a negative net margin of 5.49% and a negative return on equity of 2.65%. The company had revenue of $334.10 million for the quarter, compared to the consensus estimate of $325.42 million. During the same quarter in the previous year, the firm posted $0.20 EPS. The business’s revenue was up 4.5% compared to the same quarter last year. As a group, analysts forecast that Pebblebrook Hotel Trust will post 1.57 earnings per share for the current year.

Pebblebrook Hotel Trust Announces Dividend

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

Analyst Ratings Changes

Several research firms recently issued reports on PEB. Truist Financial lifted 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 note on Thursday, January 18th. Bank of America lowered shares of Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.50 price objective for the company. in a research note on Monday, January 8th. Compass Point reaffirmed a “neutral” rating and issued a $17.00 price objective on shares of Pebblebrook Hotel Trust in a research note on Thursday, March 28th. Finally, Wells Fargo & Company boosted their target price on shares of Pebblebrook Hotel Trust from $14.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Friday, December 22nd. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $14.78.

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.