Jane Street Group LLC Sells 348,759 Shares of Pebblebrook Hotel Trust (NYSE:PEB)

Jane Street Group LLC trimmed its holdings in Pebblebrook Hotel Trust (NYSE:PEB) by 72.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,473 shares of the real estate investment trust’s stock after selling 348,759 shares during the quarter. Jane Street Group LLC owned about 0.11% of Pebblebrook Hotel Trust worth $1,822,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of PEB. Quadrant Capital Group LLC increased its stake in shares of Pebblebrook Hotel Trust by 100.2% in the 4th quarter. Quadrant Capital Group LLC now owns 2,644 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 1,323 shares in the last quarter. Sterling Capital Management LLC grew its position in Pebblebrook Hotel Trust by 815.6% during the 4th quarter. Sterling Capital Management LLC now owns 3,763 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 3,352 shares during the last quarter. Cibc World Markets Corp purchased a new stake in Pebblebrook Hotel Trust during the 4th quarter valued at about $151,000. Optimize Financial Inc purchased a new stake in Pebblebrook Hotel Trust during the 4th quarter valued at about $158,000. Finally, AdvisorShares Investments LLC purchased a new stake in Pebblebrook Hotel Trust during the 4th quarter valued at about $159,000.

Pebblebrook Hotel Trust Stock Performance

Shares of NYSE PEB opened at $10.15 on Friday. The firm’s 50-day moving average price is $9.51 and its 200-day moving average price is $11.87. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78. The company has a market cap of $1.20 billion, a PE ratio of -34.99, a PEG ratio of 0.60 and a beta of 1.80. Pebblebrook Hotel Trust has a 52-week low of $7.41 and a 52-week high of $15.46.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $320.27 million for the quarter, compared to analysts’ expectations of $311.74 million. During the same quarter in the prior year, the business earned $0.21 EPS. The business’s quarterly revenue was up 2.0% on a year-over-year basis. As a group, analysts anticipate that Pebblebrook Hotel Trust will post 1.5 EPS for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.39%. The ex-dividend date was Monday, March 31st. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -8.33%.

Analysts Set New Price Targets

Several brokerages recently commented on PEB. Evercore ISI cut their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $11.00 and set an “in-line” rating on the stock in a research report on Monday, April 28th. Wedbush set a $9.00 price objective on shares of Pebblebrook Hotel Trust and gave the company an “underperform” rating in a research report on Tuesday, May 6th. Compass Point downgraded shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and cut their price objective for the company from $17.00 to $15.00 in a research report on Monday, March 10th. StockNews.com downgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Wednesday, March 5th. Finally, Wells Fargo & Company dropped their price target on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $12.78.

Pebblebrook Hotel Trust Company 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.