Point72 Asset Management L.P. Buys Shares of 97,558 Pebblebrook Hotel Trust (NYSE:PEB)

Point72 Asset Management L.P. bought a new stake in Pebblebrook Hotel Trust (NYSE:PEB) in the 4th quarter, HoldingsChannel reports. The firm bought 97,558 shares of the real estate investment trust’s stock, valued at approximately $1,322,000.

Several other large investors also recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. grew its holdings in Pebblebrook Hotel Trust by 8.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,713,156 shares of the real estate investment trust’s stock valued at $90,964,000 after buying an additional 525,991 shares in the last quarter. Earnest Partners LLC grew its holdings in Pebblebrook Hotel Trust by 0.3% in the 4th quarter. Earnest Partners LLC now owns 4,936,306 shares of the real estate investment trust’s stock valued at $66,887,000 after buying an additional 13,479 shares in the last quarter. Alyeska Investment Group L.P. grew its holdings in Pebblebrook Hotel Trust by 43.3% in the 4th quarter. Alyeska Investment Group L.P. now owns 4,167,770 shares of the real estate investment trust’s stock valued at $56,473,000 after buying an additional 1,260,077 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Pebblebrook Hotel Trust by 19.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,956,436 shares of the real estate investment trust’s stock valued at $40,061,000 after buying an additional 481,076 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Pebblebrook Hotel Trust by 3.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,504,751 shares of the real estate investment trust’s stock valued at $33,939,000 after buying an additional 86,592 shares in the last quarter.

Pebblebrook Hotel Trust Price Performance

PEB stock opened at $9.13 on Thursday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $1.08 billion, a P/E ratio of -31.46, a P/E/G ratio of 0.60 and a beta of 1.80. The business’s 50-day moving average is $9.44 and its two-hundred day moving average is $11.82. Pebblebrook Hotel Trust has a 1 year low of $7.41 and a 1 year high of $15.12.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The company had revenue of $320.27 million for the quarter, compared to analyst estimates 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 for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 EPS. Analysts anticipate that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend was Monday, March 31st. Pebblebrook Hotel Trust’s dividend payout ratio is currently -8.33%.

Analyst Ratings Changes

Several analysts have issued reports on the company. StockNews.com cut Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Wednesday, March 5th. Compass Point lowered Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $17.00 to $15.00 in a research note on Monday, March 10th. Truist Financial decreased their target price on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. Stifel Nicolaus decreased their target price on Pebblebrook Hotel Trust from $16.50 to $13.25 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Finally, Wells Fargo & Company decreased their target price on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $12.78.

Pebblebrook Hotel Trust 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.