Cantor Fitzgerald L. P. Takes Position in Pebblebrook Hotel Trust (NYSE:PEB)

Cantor Fitzgerald L. P. acquired a new position in Pebblebrook Hotel Trust (NYSE:PEB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,000 shares of the real estate investment trust’s stock, valued at approximately $136,000.

Several other large investors also recently added to or reduced their stakes in the business. Quadrant Capital Group LLC boosted its stake in shares of Pebblebrook Hotel Trust by 100.2% during the 4th quarter. Quadrant Capital Group LLC now owns 2,644 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 1,323 shares during the last quarter. Sterling Capital Management LLC raised its holdings in Pebblebrook Hotel Trust by 815.6% in the 4th quarter. Sterling Capital Management LLC now owns 3,763 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 3,352 shares during the period. Algert Global LLC purchased a new position in Pebblebrook Hotel Trust during the fourth quarter valued at $148,000. Cibc World Markets Corp bought a new stake in Pebblebrook Hotel Trust during the fourth quarter valued at about $151,000. Finally, Optimize Financial Inc purchased a new stake in Pebblebrook Hotel Trust in the fourth quarter worth about $158,000.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Stifel Nicolaus cut their price objective on Pebblebrook Hotel Trust from $16.50 to $13.25 and set a “buy” rating for the company in a research note on Wednesday, April 16th. Compass Point lowered shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $17.00 to $15.00 in a research report on Monday, March 10th. Raymond James set a $14.00 price objective on shares of Pebblebrook Hotel Trust and gave the company an “outperform” rating in a research report on Thursday, February 27th. StockNews.com cut shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, March 5th. Finally, Evercore ISI decreased their price target on Pebblebrook Hotel Trust from $15.00 to $11.00 and set an “in-line” rating on the stock in a report on Monday, April 28th. Two equities research 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’s stock. Based on data from MarketBeat, Pebblebrook Hotel Trust presently has a consensus rating of “Hold” and a consensus price target of $13.28.

Pebblebrook Hotel Trust Stock Performance

Shares of NYSE PEB opened at $9.12 on Tuesday. The company has a market cap of $1.08 billion, a P/E ratio of -31.43, a P/E/G ratio of 0.60 and a beta of 1.69. Pebblebrook Hotel Trust has a 52-week low of $7.41 and a 52-week high of $15.46. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 0.81. The firm’s fifty day moving average is $9.88 and its two-hundred day moving average is $12.03.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its earnings results 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 firm 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%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 earnings per share. As a group, analysts anticipate that Pebblebrook Hotel Trust will post 1.5 EPS for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

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 $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend was Monday, March 31st. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -9.30%.

About Pebblebrook Hotel Trust

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.