Sumitomo Mitsui Trust Holdings Inc. Buys 7,693 Shares of Pebblebrook Hotel Trust (NYSE:PEB)

Sumitomo Mitsui Trust Holdings Inc. grew its stake in Pebblebrook Hotel Trust (NYSE:PEB) by 5.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 141,739 shares of the real estate investment trust’s stock after purchasing an additional 7,693 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.12% of Pebblebrook Hotel Trust worth $2,265,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its stake in shares of Pebblebrook Hotel Trust by 13.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,687 shares of the real estate investment trust’s stock valued at $104,000 after purchasing an additional 884 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Pebblebrook Hotel Trust in the 3rd quarter valued at approximately $148,000. Sequoia Financial Advisors LLC grew its stake in shares of Pebblebrook Hotel Trust by 6.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 14,579 shares of the real estate investment trust’s stock valued at $198,000 after purchasing an additional 942 shares during the period. Assetmark Inc. grew its stake in shares of Pebblebrook Hotel Trust by 16.0% in the 3rd quarter. Assetmark Inc. now owns 15,728 shares of the real estate investment trust’s stock valued at $214,000 after purchasing an additional 2,175 shares during the period. Finally, Custom Index Systems LLC bought a new stake in shares of Pebblebrook Hotel Trust in the 4th quarter valued at approximately $267,000.

Pebblebrook Hotel Trust Stock Up 0.9 %

NYSE:PEB opened at $15.59 on Thursday. The stock’s fifty day moving average price is $15.65 and its two-hundred day moving average price is $14.67. Pebblebrook Hotel Trust has a 52-week low of $11.39 and a 52-week high of $16.65. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market cap of $1.87 billion, a price-to-earnings ratio of -16.07, a P/E/G ratio of 0.69 and a beta of 1.86.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.48). Pebblebrook Hotel Trust had a negative return on equity of 2.65% and a negative net margin of 5.49%. The firm had revenue of $314.10 million for the quarter, compared to analyst estimates of $304.34 million. During the same period in the prior year, the company posted $0.18 EPS. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, analysts anticipate that Pebblebrook Hotel Trust will post 1.57 EPS for the current year.

Pebblebrook Hotel Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend was Wednesday, March 27th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is currently -4.12%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PEB. StockNews.com upgraded Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research report on Wednesday. Bank of America lowered Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.50 price target on the stock. in a research report on Monday, January 8th. Truist Financial increased their price target on Pebblebrook Hotel Trust from $15.00 to $16.00 and gave the stock a “hold” rating in a research report on Thursday, January 18th. Finally, Compass Point restated a “neutral” rating and set a $17.00 price target on shares of Pebblebrook Hotel Trust in a research report on Thursday, March 28th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat, Pebblebrook Hotel Trust has an average rating of “Hold” and a consensus target price of $14.78.

Insider Activity

In other news, insider Thomas Charles Fisher sold 11,441 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $15.62, for a total value of $178,708.42. Following the transaction, the insider now owns 254,449 shares of the company’s stock, valued at approximately $3,974,493.38. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.40% of the stock is currently owned by company insiders.

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.