Sequoia Financial Advisors LLC Has $572,000 Stock Position in Pebblebrook Hotel Trust (NYSE:PEB)

Sequoia Financial Advisors LLC grew its position in Pebblebrook Hotel Trust (NYSE:PEB) by 145.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 35,769 shares of the real estate investment trust’s stock after purchasing an additional 21,190 shares during the period. Sequoia Financial Advisors LLC’s holdings in Pebblebrook Hotel Trust were worth $572,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Pebblebrook Hotel Trust by 1.2% in the first quarter. Vanguard Group Inc. now owns 19,551,178 shares of the real estate investment trust’s stock valued at $478,613,000 after purchasing an additional 226,216 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its position in shares of Pebblebrook Hotel Trust by 1.6% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 9,084,090 shares of the real estate investment trust’s stock valued at $123,453,000 after purchasing an additional 140,799 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Pebblebrook Hotel Trust by 7.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 8,824,851 shares of the real estate investment trust’s stock valued at $146,228,000 after purchasing an additional 636,463 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Pebblebrook Hotel Trust by 1.6% in the third quarter. Principal Financial Group Inc. now owns 7,009,009 shares of the real estate investment trust’s stock valued at $95,252,000 after purchasing an additional 112,616 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its position in shares of Pebblebrook Hotel Trust by 17.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,028,744 shares of the real estate investment trust’s stock valued at $67,335,000 after purchasing an additional 745,663 shares during the last quarter.

Insider Activity at Pebblebrook Hotel Trust

In related news, insider Thomas Charles Fisher sold 11,441 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $15.62, for a total value of $178,708.42. Following the transaction, the insider now owns 254,449 shares of the company’s stock, valued at approximately $3,974,493.38. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.60% of the stock is owned by insiders.

Pebblebrook Hotel Trust Stock Down 1.9 %

NYSE PEB opened at $14.71 on Wednesday. The business has a fifty day moving average price of $15.74 and a two-hundred day moving average price of $14.61. 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 fifty-two week low of $11.39 and a fifty-two week high of $16.65. The stock has a market capitalization of $1.77 billion, a PE ratio of -15.16, a PEG ratio of 0.70 and a beta of 1.86.

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

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a $0.01 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.04 annualized dividend and a yield of 0.27%. Pebblebrook Hotel Trust’s payout ratio is -4.12%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on PEB shares. Truist Financial boosted their price target on Pebblebrook Hotel Trust from $15.00 to $16.00 and gave the company a “hold” rating in a research note on Thursday, January 18th. Compass Point reiterated a “neutral” rating and issued a $17.00 price target on shares of Pebblebrook Hotel Trust in a research note on Thursday, March 28th. Bank of America cut Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.50 price target for the company. in a research note on Monday, January 8th. Finally, Wells Fargo & Company boosted their price target on Pebblebrook Hotel Trust from $14.00 to $16.00 and gave the company an “equal weight” rating in a research note on Friday, December 22nd. Three equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.78.

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.