SG Americas Securities LLC raised its position in Pebblebrook Hotel Trust (NYSE:PEB – Free Report) by 40.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 153,226 shares of the real estate investment trust’s stock after buying an additional 44,079 shares during the period. SG Americas Securities LLC owned approximately 0.13% of Pebblebrook Hotel Trust worth $1,735,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Aster Capital Management DIFC Ltd acquired a new position in Pebblebrook Hotel Trust during the 3rd quarter worth $77,000. Quantbot Technologies LP acquired a new stake in Pebblebrook Hotel Trust in the third quarter worth about $88,000. PNC Financial Services Group Inc. boosted its stake in Pebblebrook Hotel Trust by 87.0% during the third quarter. PNC Financial Services Group Inc. now owns 8,756 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 4,073 shares in the last quarter. M&T Bank Corp bought a new position in shares of Pebblebrook Hotel Trust during the 2nd quarter valued at about $116,000. Finally, Inceptionr LLC bought a new stake in Pebblebrook Hotel Trust during the third quarter worth approximately $128,000.
Pebblebrook Hotel Trust Stock Down 0.2%
PEB opened at $12.78 on Monday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market capitalization of $1.45 billion, a P/E ratio of -14.04 and a beta of 1.43. Pebblebrook Hotel Trust has a fifty-two week low of $7.41 and a fifty-two week high of $13.35. The stock has a fifty day moving average of $12.37 and a 200-day moving average of $11.65.
Pebblebrook Hotel Trust Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. Pebblebrook Hotel Trust’s dividend payout ratio is -4.40%.
Wall Street Analyst Weigh In
Several research firms have weighed in on PEB. Citigroup upped their price objective on shares of Pebblebrook Hotel Trust from $10.00 to $13.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Zacks Research upgraded shares of Pebblebrook Hotel Trust from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 17th. Cantor Fitzgerald raised their price objective on shares of Pebblebrook Hotel Trust from $12.00 to $14.00 and gave the stock a “neutral” rating in a report on Tuesday, March 3rd. LADENBURG THALM/SH SH began coverage on Pebblebrook Hotel Trust in a research note on Thursday, March 26th. They set a “neutral” rating and a $14.00 price target on the stock. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Pebblebrook Hotel Trust in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $12.42.
View Our Latest Research Report on PEB
Pebblebrook Hotel Trust Profile
Pebblebrook Hotel Trust (NYSE:PEB) is a real estate investment trust specializing in premium, high-barrier-to-entry hotel properties in gateway markets across the United States. Established in 2009, PEB focuses on lifestyle-oriented lodging assets that cater to business and leisure travelers seeking elevated experiences. The company’s investment strategy emphasizes select-service and full-service hotels with established brands and prime urban or resort locations.
PEB’s portfolio comprises more than 30 properties in major metropolitan areas including New York City, Los Angeles, Chicago, Miami and San Francisco.
See Also
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