Quantbot Technologies LP acquired a new stake in Pebblebrook Hotel Trust (NYSE:PEB – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 143,447 shares of the real estate investment trust’s stock, valued at approximately $2,784,000.
Several other institutional investors have also recently modified their holdings of the company. Quadrant Capital Group LLC increased its holdings in Pebblebrook Hotel Trust by 32.8% in the 4th quarter. Quadrant Capital Group LLC now owns 3,220 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 796 shares during the period. Amundi raised its position in Pebblebrook Hotel Trust by 1.1% during the 4th quarter. Amundi now owns 81,472 shares of the real estate investment trust’s stock worth $922,000 after buying an additional 857 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Pebblebrook Hotel Trust by 33.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,465 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 865 shares during the period. GAMMA Investing LLC lifted its stake in Pebblebrook Hotel Trust by 10.5% during the 2nd quarter. GAMMA Investing LLC now owns 11,876 shares of the real estate investment trust’s stock valued at $231,000 after acquiring an additional 1,130 shares during the period. Finally, Inspire Investing LLC boosted its holdings in shares of Pebblebrook Hotel Trust by 4.9% in the 4th quarter. Inspire Investing LLC now owns 41,478 shares of the real estate investment trust’s stock valued at $470,000 after acquiring an additional 1,931 shares during the last quarter.
Pebblebrook Hotel Trust Price Performance
Pebblebrook Hotel Trust stock opened at $18.44 on Monday. The company’s fifty day moving average price is $18.72 and its 200 day moving average price is $15.45. Pebblebrook Hotel Trust has a 1 year low of $9.99 and a 1 year high of $19.93. The stock has a market capitalization of $2.08 billion, a P/E ratio of -26.72, a P/E/G ratio of 1.27 and a beta of 1.40. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.34 and a current ratio of 1.34.
Pebblebrook Hotel Trust Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, June 30th. Pebblebrook Hotel Trust’s dividend payout ratio is currently -5.80%.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on PEB shares. Truist Financial increased their price objective on shares of Pebblebrook Hotel Trust from $17.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Wells Fargo & Company boosted their target price on shares of Pebblebrook Hotel Trust from $16.00 to $19.00 and gave the company an “equal weight” rating in a research report on Thursday, July 23rd. Morgan Stanley upped their price target on shares of Pebblebrook Hotel Trust from $12.00 to $13.00 and gave the company an “underweight” rating in a report on Friday, July 17th. Evercore set a $15.00 price target on Pebblebrook Hotel Trust in a research report on Monday, April 27th. Finally, Weiss Ratings upgraded Pebblebrook Hotel Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Pebblebrook Hotel Trust has an average rating of “Hold” and a consensus price target of $17.44.
View Our Latest Stock Report on Pebblebrook Hotel Trust
Pebblebrook Hotel Trust Company 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.
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