Farringdon Capital Ltd. Makes New $331,000 Investment in Pebblebrook Hotel Trust (NYSE:PEB)

Farringdon Capital Ltd. acquired a new stake in Pebblebrook Hotel Trust (NYSE:PEB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 24,443 shares of the real estate investment trust’s stock, valued at approximately $331,000.

A number of other hedge funds also recently made changes to their positions in the business. Nordea Investment Management AB raised its stake in Pebblebrook Hotel Trust by 90.2% in the 4th quarter. Nordea Investment Management AB now owns 746,763 shares of the real estate investment trust’s stock valued at $10,193,000 after acquiring an additional 354,116 shares during the period. Fisher Asset Management LLC raised its position in shares of Pebblebrook Hotel Trust by 5.9% in the fourth quarter. Fisher Asset Management LLC now owns 572,994 shares of the real estate investment trust’s stock valued at $7,764,000 after purchasing an additional 31,677 shares during the period. Entropy Technologies LP lifted its stake in shares of Pebblebrook Hotel Trust by 93.3% during the 4th quarter. Entropy Technologies LP now owns 54,880 shares of the real estate investment trust’s stock worth $744,000 after buying an additional 26,487 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Pebblebrook Hotel Trust during the 4th quarter worth about $358,000. Finally, Cbre Investment Management Listed Real Assets LLC acquired a new position in Pebblebrook Hotel Trust in the 4th quarter valued at about $13,788,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Truist Financial reduced their price objective on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. Wedbush lowered Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price objective on the stock. in a report on Thursday, January 2nd. StockNews.com cut Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, March 5th. Raymond James set a $14.00 target price on shares of Pebblebrook Hotel Trust and gave the company an “outperform” rating in a research report on Thursday, February 27th. Finally, Wells Fargo & Company dropped their price objective on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $13.61.

Pebblebrook Hotel Trust Stock Up 2.2 %

PEB stock opened at $8.69 on Friday. Pebblebrook Hotel Trust has a 52 week low of $7.41 and a 52 week high of $16.06. The business has a 50-day simple moving average of $10.56 and a 200 day simple moving average of $12.33. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78. The company has a market cap of $1.03 billion, a PE ratio of -29.95, a price-to-earnings-growth ratio of 0.60 and a beta of 1.69.

Pebblebrook Hotel Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend was Monday, March 31st. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -9.30%.

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.