Hsbc Holdings PLC grew its stake in Pebblebrook Hotel Trust (NYSE:PEB) by 39.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 40,755 shares of the real estate investment trust’s stock after acquiring an additional 11,575 shares during the quarter. Hsbc Holdings PLC’s holdings in Pebblebrook Hotel Trust were worth $769,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. First Bank & Trust boosted its stake in Pebblebrook Hotel Trust by 575.0% during the fourth quarter. First Bank & Trust now owns 1,539 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 1,311 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Pebblebrook Hotel Trust by 23.4% during the 3rd quarter. Van ECK Associates Corp now owns 3,925 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 745 shares during the last quarter. Dupont Capital Management Corp purchased a new stake in Pebblebrook Hotel Trust in the 4th quarter valued at about $50,000. Boothbay Fund Management LLC acquired a new position in Pebblebrook Hotel Trust in the third quarter valued at about $135,000. Finally, Squarepoint Ops LLC purchased a new position in Pebblebrook Hotel Trust during the third quarter worth about $192,000.
NYSE:PEB opened at $24.21 on Thursday. Pebblebrook Hotel Trust has a 12-month low of $8.58 and a 12-month high of $26.42. The firm has a market cap of $3.18 billion, a PE ratio of -13.60 and a beta of 2.04. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.70. The stock has a fifty day moving average price of $23.94 and a 200 day moving average price of $18.76.
Pebblebrook Hotel Trust (NYSE:PEB) last posted its earnings results on Tuesday, February 23rd. The real estate investment trust reported ($1.39) EPS for the quarter, missing the consensus estimate of ($0.46) by ($0.93). The business had revenue of $74.20 million during the quarter, compared to analysts’ expectations of $89.06 million. Pebblebrook Hotel Trust had a negative net margin of 26.65% and a negative return on equity of 5.65%. The business’s quarterly revenue was down 80.4% compared to the same quarter last year. During the same period last year, the company earned $0.54 EPS. Equities analysts forecast that Pebblebrook Hotel Trust will post -1.42 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 15th. Stockholders of record on Wednesday, March 31st will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.17%. The ex-dividend date of this dividend is Tuesday, March 30th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently 1.52%.
A number of equities research analysts have recently issued reports on the stock. Smith Barney Citigroup raised shares of Pebblebrook Hotel Trust from a “sell” rating to a “neutral” rating in a research note on Tuesday, December 15th. Wells Fargo & Company raised Pebblebrook Hotel Trust from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $17.50 to $22.00 in a research report on Thursday, December 10th. Zacks Investment Research upgraded Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research note on Thursday, March 18th. BTIG Research lifted their price objective on Pebblebrook Hotel Trust from $23.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, March 12th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded Pebblebrook Hotel Trust from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $11.50 to $20.00 in a report on Tuesday, December 15th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $17.68.
Pebblebrook Hotel Trust Profile
Pavilion Real Estate Investment Trust ("Pavilion REIT") is one of the largest retail concentrated REIT in Malaysia. Our assets are strategically located in the heart of the golden triangle of Kuala Lumpur and benefit from growth in Malaysia's economy. The principal investment policy of Pavilion REIT is to invest in income producing real estate used predominantly for retail purposes (including mixed-use developments with a retail component) in Malaysia and other countries within the Asia-Pacific region.
Further Reading: Systematic Risk and Investors
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