Sherbrooke Park Advisers LLC Sells 1,846 Shares of Pebblebrook Hotel Trust (NYSE:PEB)

Sherbrooke Park Advisers LLC reduced its stake in Pebblebrook Hotel Trust (NYSE:PEB) by 7.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,982 shares of the real estate investment trust’s stock after selling 1,846 shares during the period. Sherbrooke Park Advisers LLC’s holdings in Pebblebrook Hotel Trust were worth $311,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in PEB. Fisher Asset Management LLC boosted its stake in shares of Pebblebrook Hotel Trust by 5.9% during 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 in the last quarter. Mercer Global Advisors Inc. ADV bought a new position in shares of Pebblebrook Hotel Trust during the fourth quarter valued at approximately $166,000. Entropy Technologies LP boosted its stake in shares of Pebblebrook Hotel Trust by 93.3% during the fourth quarter. Entropy Technologies LP now owns 54,880 shares of the real estate investment trust’s stock valued at $744,000 after purchasing an additional 26,487 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of Pebblebrook Hotel Trust by 8.5% during the fourth 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 purchasing an additional 525,991 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of Pebblebrook Hotel Trust by 3.4% during the fourth quarter. Alliancebernstein L.P. now owns 161,726 shares of the real estate investment trust’s stock valued at $2,191,000 after purchasing an additional 5,246 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Compass Point downgraded shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $17.00 to $15.00 in a research note on Monday, March 10th. Evercore ISI dropped their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $11.00 and set an “in-line” rating on the stock in a research note on Monday, April 28th. Stifel Nicolaus dropped their price objective on shares of 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. StockNews.com cut shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, March 5th. Finally, Truist Financial decreased their target price on shares of 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 investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $12.78.

Pebblebrook Hotel Trust Trading Up 0.9%

NYSE:PEB opened at $10.15 on Monday. Pebblebrook Hotel Trust has a 52 week low of $7.41 and a 52 week high of $15.46. The firm has a 50 day moving average of $9.51 and a 200 day moving average of $11.87. 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 stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of -34.99, a PEG ratio of 0.60 and a beta of 1.80.

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, topping analysts’ consensus estimates 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 quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the company posted $0.21 earnings per share. As a group, sell-side 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 issued a $0.01 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.39%. Pebblebrook Hotel Trust’s dividend payout ratio is currently -8.33%.

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.