Daiwa Securities Group Inc. Reduces Position in Pebblebrook Hotel Trust (NYSE:PEB)

Daiwa Securities Group Inc. lowered its holdings in Pebblebrook Hotel Trust (NYSE:PEB) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,439 shares of the real estate investment trust’s stock after selling 1,533 shares during the period. Daiwa Securities Group Inc.’s holdings in Pebblebrook Hotel Trust were worth $582,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of PEB. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Pebblebrook Hotel Trust by 5.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 90,329 shares of the real estate investment trust’s stock valued at $1,443,000 after purchasing an additional 4,974 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Pebblebrook Hotel Trust by 5.7% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 141,739 shares of the real estate investment trust’s stock worth $2,265,000 after buying an additional 7,693 shares during the last quarter. Phocas Financial Corp. raised its holdings in Pebblebrook Hotel Trust by 437.3% in the fourth quarter. Phocas Financial Corp. now owns 220,570 shares of the real estate investment trust’s stock valued at $3,525,000 after acquiring an additional 179,518 shares in the last quarter. Louisiana State Employees Retirement System bought a new position in Pebblebrook Hotel Trust during the 4th quarter valued at $964,000. Finally, Custom Index Systems LLC acquired a new position in Pebblebrook Hotel Trust during the 4th quarter worth $267,000.

Pebblebrook Hotel Trust Stock Down 3.8 %

Shares of Pebblebrook Hotel Trust stock opened at $15.00 on Friday. Pebblebrook Hotel Trust has a twelve month low of $11.39 and a twelve month high of $16.65. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of -14.71, a PEG ratio of 0.71 and a beta of 1.86. The company has a current ratio of 0.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.78. The business’s 50 day simple moving average is $15.63 and its 200-day simple moving average is $14.67.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its earnings results on Tuesday, April 23rd. The real estate investment trust reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.48). The company had revenue of $314.10 million during the quarter, compared to analyst estimates of $304.34 million. Pebblebrook Hotel Trust had a negative return on equity of 2.88% and a negative net margin of 5.84%. Pebblebrook Hotel Trust’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.18 earnings per share. Equities research analysts forecast that Pebblebrook Hotel Trust will post 1.57 earnings per share for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently disclosed 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 dividend payout ratio is presently -3.92%.

Analysts Set New Price Targets

PEB has been the topic of a number of recent analyst reports. Compass Point restated a “neutral” rating and issued a $17.00 target price 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 objective on the stock. in a research note on Monday, January 8th. Truist Financial lifted their target price on Pebblebrook Hotel Trust from $15.00 to $16.00 and gave the stock a “hold” rating in a research report on Thursday, January 18th. Finally, StockNews.com raised Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $14.78.

Insider Activity at Pebblebrook Hotel Trust

In other Pebblebrook Hotel Trust news, insider Thomas Charles Fisher sold 11,441 shares of the company’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 completion of 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 available through the SEC website. 2.40% of the stock is currently owned by insiders.

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.