Landmark Investment Partners L.P. Invests $13.08 Million in Pebblebrook Hotel Trust (NYSE:PEB)

Landmark Investment Partners L.P. bought a new position in shares of Pebblebrook Hotel Trust (NYSE:PEB) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 964,976 shares of the real estate investment trust’s stock, valued at approximately $13,075,000. Pebblebrook Hotel Trust comprises about 5.3% of Landmark Investment Partners L.P.’s investment portfolio, making the stock its 8th largest holding. Landmark Investment Partners L.P. owned 0.81% of Pebblebrook Hotel Trust as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Sei Investments Co. lifted its position in Pebblebrook Hotel Trust by 0.3% during the fourth quarter. Sei Investments Co. now owns 397,337 shares of the real estate investment trust’s stock worth $5,384,000 after buying an additional 1,098 shares in the last quarter. Quadrant Capital Group LLC grew its stake in shares of Pebblebrook Hotel Trust by 100.2% in the 4th quarter. Quadrant Capital Group LLC now owns 2,644 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 1,323 shares during the period. Metis Global Partners LLC increased its holdings in shares of Pebblebrook Hotel Trust by 11.4% during the 4th quarter. Metis Global Partners LLC now owns 13,823 shares of the real estate investment trust’s stock worth $187,000 after buying an additional 1,412 shares during the last quarter. Swiss National Bank raised its position in shares of Pebblebrook Hotel Trust by 0.7% during the 4th quarter. Swiss National Bank now owns 237,012 shares of the real estate investment trust’s stock valued at $3,212,000 after buying an additional 1,700 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Pebblebrook Hotel Trust by 2.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 83,899 shares of the real estate investment trust’s stock valued at $1,137,000 after acquiring an additional 1,918 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Stifel Nicolaus lowered their price target on Pebblebrook Hotel Trust from $16.50 to $13.25 and set a “buy” rating for the company in a report on Wednesday, April 16th. Compass Point downgraded shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and reduced their price target for the company from $17.00 to $15.00 in a research note on Monday, March 10th. Wedbush cut shares of Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price objective for the company. in a research report on Thursday, January 2nd. Raymond James set a $14.00 target price on Pebblebrook Hotel Trust and gave the company an “outperform” rating in a research report on Thursday, February 27th. Finally, Truist Financial dropped their target price on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $13.61.

Pebblebrook Hotel Trust Trading Up 1.9 %

NYSE PEB opened at $9.17 on Monday. The stock has a market capitalization of $1.09 billion, a PE ratio of -31.62, a price-to-earnings-growth ratio of 0.60 and a beta of 1.69. The firm has a 50 day moving average of $10.22 and a two-hundred day moving average of $12.18. Pebblebrook Hotel Trust has a 52 week low of $7.41 and a 52 week high of $15.46. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78.

Pebblebrook Hotel Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.01 per share. The ex-dividend date was Monday, March 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.44%. Pebblebrook Hotel Trust’s dividend payout ratio 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.