12,285 Shares in Pebblebrook Hotel Trust (NYSE:PEB) Bought by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV purchased a new stake in shares of Pebblebrook Hotel Trust (NYSE:PEB) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,285 shares of the real estate investment trust’s stock, valued at approximately $166,000.

Several other institutional investors have also added to or reduced their stakes in the business. AdvisorShares Investments LLC purchased a new stake in Pebblebrook Hotel Trust during the fourth quarter valued at about $159,000. Northern Trust Corp boosted its position in Pebblebrook Hotel Trust by 27.5% during the fourth quarter. Northern Trust Corp now owns 1,583,457 shares of the real estate investment trust’s stock valued at $21,456,000 after buying an additional 341,630 shares during the period. Landmark Investment Partners L.P. purchased a new stake in Pebblebrook Hotel Trust during the fourth quarter valued at about $13,075,000. Earnest Partners LLC boosted its position in Pebblebrook Hotel Trust by 0.3% during the fourth quarter. Earnest Partners LLC now owns 4,936,306 shares of the real estate investment trust’s stock valued at $66,887,000 after buying an additional 13,479 shares during the period. Finally, T. Rowe Price Investment Management Inc. boosted its position in Pebblebrook Hotel Trust by 8.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,713,156 shares of the real estate investment trust’s stock valued at $90,964,000 after buying an additional 525,991 shares during the period.

Wall Street Analyst Weigh In

Several research firms have issued reports on PEB. Stifel Nicolaus cut their price target on shares of Pebblebrook Hotel Trust from $16.50 to $13.25 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Raymond James set a $14.00 price target on shares of Pebblebrook Hotel Trust and gave the company an “outperform” rating in a research report on Thursday, February 27th. Wells Fargo & Company lowered their price objective on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 18th. Wedbush set a $9.00 price objective on shares of Pebblebrook Hotel Trust and gave the company an “underperform” rating in a research note on Tuesday, May 6th. Finally, Evercore ISI lowered their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $11.00 and set an “in-line” rating for the company in a research note on Monday, April 28th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Pebblebrook Hotel Trust currently has an average rating of “Hold” and a consensus target price of $12.78.

Pebblebrook Hotel Trust Stock Performance

Shares of NYSE:PEB opened at $10.15 on Friday. Pebblebrook Hotel Trust has a 12 month low of $7.41 and a 12 month high of $15.46. The company has a market cap of $1.20 billion, a price-to-earnings ratio of -34.99, a price-to-earnings-growth ratio of 0.60 and a beta of 1.80. The company has a 50-day moving average price of $9.51 and a 200-day moving average price of $11.87. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78.

Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. Pebblebrook Hotel Trust had a net margin of 0.25% and a return on equity of 0.13%. The company had revenue of $320.27 million during the quarter, compared to the consensus estimate of $311.74 million. During the same period in the prior year, the firm earned $0.21 earnings per share. Pebblebrook Hotel Trust’s revenue was up 2.0% on a year-over-year basis. As a group, equities analysts anticipate that Pebblebrook Hotel Trust will post 1.5 EPS for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date was Monday, March 31st. Pebblebrook Hotel Trust’s payout ratio is currently -8.33%.

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.