Alyeska Investment Group L.P. Grows Position in Pebblebrook Hotel Trust (NYSE:PEB)

Alyeska Investment Group L.P. raised its position in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 43.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,167,770 shares of the real estate investment trust’s stock after acquiring an additional 1,260,077 shares during the period. Alyeska Investment Group L.P.’s holdings in Pebblebrook Hotel Trust were worth $56,473,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Sei Investments Co. raised its stake in Pebblebrook Hotel Trust by 0.3% during the fourth quarter. Sei Investments Co. now owns 397,337 shares of the real estate investment trust’s stock valued at $5,384,000 after purchasing an additional 1,098 shares in the last quarter. Quadrant Capital Group LLC increased its holdings 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 buying an additional 1,323 shares during the last quarter. Metis Global Partners LLC lifted its holdings in shares of Pebblebrook Hotel Trust by 11.4% in the 4th quarter. Metis Global Partners LLC now owns 13,823 shares of the real estate investment trust’s stock valued at $187,000 after acquiring an additional 1,412 shares during the last quarter. Swiss National Bank grew its position in Pebblebrook Hotel Trust by 0.7% in the fourth quarter. Swiss National Bank now owns 237,012 shares of the real estate investment trust’s stock worth $3,212,000 after acquiring an additional 1,700 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Pebblebrook Hotel Trust by 2.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 83,899 shares of the real estate investment trust’s stock worth $1,137,000 after acquiring an additional 1,918 shares during the last quarter.

Pebblebrook Hotel Trust Price Performance

Pebblebrook Hotel Trust stock opened at $9.14 on Friday. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of -31.52, a price-to-earnings-growth ratio of 0.60 and a beta of 1.69. The firm has a 50-day moving average of $9.93 and a two-hundred day moving average of $12.06. Pebblebrook Hotel Trust has a 1 year low of $7.41 and a 1 year high of $15.46. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.03. The company had revenue of $320.27 million for the quarter, compared to analysts’ expectations of $311.74 million. Pebblebrook Hotel Trust had a return on equity of 0.13% and a net margin of 0.25%. Pebblebrook Hotel Trust’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.21 earnings per share. On average, research analysts forecast that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current year.

Pebblebrook Hotel Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.01 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.44%. Pebblebrook Hotel Trust’s payout ratio is currently -9.30%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PEB. Wells Fargo & Company dropped their target price on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. StockNews.com cut shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, March 5th. Compass Point lowered shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $17.00 to $15.00 in a report on Monday, March 10th. Stifel Nicolaus cut their price target on shares of Pebblebrook Hotel Trust from $16.50 to $13.25 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Finally, Truist Financial decreased their price objective on shares of Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating for the company in a research note on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $13.28.

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.