Hsbc Holdings PLC increased its holdings in shares of Pebblebrook Hotel Trust (NYSE:PEB – Free Report) by 20.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 191,233 shares of the real estate investment trust’s stock after purchasing an additional 32,440 shares during the period. Hsbc Holdings PLC owned 0.17% of Pebblebrook Hotel Trust worth $2,165,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. AQR Capital Management LLC lifted its holdings in Pebblebrook Hotel Trust by 174.6% during the first quarter. AQR Capital Management LLC now owns 93,371 shares of the real estate investment trust’s stock worth $941,000 after buying an additional 59,367 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Pebblebrook Hotel Trust by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,002 shares of the real estate investment trust’s stock worth $719,000 after acquiring an additional 3,075 shares in the last quarter. Caxton Associates LLP purchased a new stake in shares of Pebblebrook Hotel Trust during the 1st quarter worth $310,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Pebblebrook Hotel Trust by 8.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 659,945 shares of the real estate investment trust’s stock worth $6,685,000 after purchasing an additional 48,640 shares during the last quarter. Finally, Creative Planning bought a new stake in Pebblebrook Hotel Trust during the second quarter valued at about $176,000.
Pebblebrook Hotel Trust Trading Up 1.4%
Pebblebrook Hotel Trust stock opened at $19.32 on Tuesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market cap of $2.19 billion, a PE ratio of -24.15, a price-to-earnings-growth ratio of 1.65 and a beta of 1.45. The stock has a 50-day moving average of $15.90 and a two-hundred day moving average of $13.54. Pebblebrook Hotel Trust has a one year low of $9.30 and a one year high of $19.60.
Pebblebrook Hotel Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Tuesday, June 30th. Pebblebrook Hotel Trust’s payout ratio is presently -5.00%.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on PEB shares. Weiss Ratings upgraded shares of Pebblebrook Hotel Trust from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, April 29th. Zacks Research raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 15th. LADENBURG THALM/SH SH boosted their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, June 18th. Barclays increased their target price on shares of Pebblebrook Hotel Trust from $9.00 to $13.00 and gave the company an “underweight” rating in a research report on Monday, June 1st. Finally, Raymond James Financial restated an “outperform” rating and issued a $18.00 target price on shares of Pebblebrook Hotel Trust in a research note on Monday, June 8th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Pebblebrook Hotel Trust presently has a consensus rating of “Hold” and a consensus price target of $16.06.
View Our Latest Research Report on Pebblebrook Hotel Trust
About Pebblebrook Hotel Trust
Pebblebrook Hotel Trust (NYSE:PEB) is a real estate investment trust specializing in premium, high-barrier-to-entry hotel properties in gateway markets across the United States. Established in 2009, PEB focuses on lifestyle-oriented lodging assets that cater to business and leisure travelers seeking elevated experiences. The company’s investment strategy emphasizes select-service and full-service hotels with established brands and prime urban or resort locations.
PEB’s portfolio comprises more than 30 properties in major metropolitan areas including New York City, Los Angeles, Chicago, Miami and San Francisco.
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