Point72 Asia Singapore Pte. Ltd. Purchases Shares of 7,341 Pebblebrook Hotel Trust (NYSE:PEB)

Point72 Asia Singapore Pte. Ltd. purchased 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 firm purchased 7,341 shares of the real estate investment trust’s stock, valued at approximately $99,000.

Several other large investors also recently made changes to their positions in PEB. Quadrant Capital Group LLC increased its stake in shares of Pebblebrook Hotel Trust by 100.2% in the fourth quarter. Quadrant Capital Group LLC now owns 2,644 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 1,323 shares during the period. Sterling Capital Management LLC increased its stake in shares of Pebblebrook Hotel Trust by 815.6% in the fourth quarter. Sterling Capital Management LLC now owns 3,763 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 3,352 shares during the period. Cantor Fitzgerald L. P. acquired a new stake in shares of Pebblebrook Hotel Trust in the fourth quarter valued at approximately $136,000. Algert Global LLC acquired a new stake in shares of Pebblebrook Hotel Trust in the fourth quarter valued at approximately $148,000. Finally, Cibc World Markets Corp acquired a new stake in shares of Pebblebrook Hotel Trust in the fourth quarter valued at approximately $151,000.

Analysts Set New Price Targets

PEB has been the topic of several analyst reports. Compass Point lowered shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and dropped their price target for the company from $17.00 to $15.00 in a research note on Monday, March 10th. Wedbush set a $9.00 price target on shares of Pebblebrook Hotel Trust and gave the company an “underperform” rating in a research note on Tuesday, May 6th. Wells Fargo & Company dropped their price target on shares of 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. Stifel Nicolaus decreased their price objective on shares of Pebblebrook Hotel Trust from $16.50 to $13.25 and set a “buy” rating for the company 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 report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Pebblebrook Hotel Trust has an average rating of “Hold” and an average target price of $12.78.

Pebblebrook Hotel Trust Trading Up 0.9%

Pebblebrook Hotel Trust stock opened at $10.15 on Friday. The firm has a 50 day simple moving average of $9.51 and a 200-day simple moving average of $11.87. 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 stock has a market capitalization of $1.20 billion, a PE ratio of -34.99, a price-to-earnings-growth ratio of 0.60 and a beta of 1.80. Pebblebrook Hotel Trust has a 12-month low of $7.41 and a 12-month high of $15.46.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. The business had revenue of $320.27 million during the quarter, compared to analysts’ expectations of $311.74 million. Pebblebrook Hotel Trust had a net margin of 0.25% and a return on equity of 0.13%. The business’s revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm posted $0.21 earnings per share. As a group, equities research analysts expect that Pebblebrook Hotel Trust will post 1.5 EPS for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors 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 yield of 0.39%. The ex-dividend date of this dividend was Monday, March 31st. Pebblebrook Hotel Trust’s payout ratio is -8.33%.

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.