HGI Capital Management LLC Invests $3.26 Million in Pebblebrook Hotel Trust (NYSE:PEB)

HGI Capital Management LLC bought a new stake in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 240,381 shares of the real estate investment trust's stock, valued at approximately $3,257,000. Pebblebrook Hotel Trust accounts for about 3.4% of HGI Capital Management LLC's holdings, making the stock its 11th largest position. HGI Capital Management LLC owned 0.20% of Pebblebrook Hotel Trust at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in PEB. FMR LLC boosted its holdings in Pebblebrook Hotel Trust by 10.8% during the third quarter. FMR LLC now owns 9,069 shares of the real estate investment trust's stock worth $120,000 after buying an additional 884 shares during the last quarter. Sei Investments Co. grew its holdings 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 valued at $5,384,000 after purchasing an additional 1,098 shares during the period. Quadrant Capital Group LLC raised its holdings in Pebblebrook Hotel Trust by 100.2% in the fourth quarter. Quadrant Capital Group LLC now owns 2,644 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 1,323 shares during the period. Metis Global Partners LLC boosted its position in shares of Pebblebrook Hotel Trust by 11.4% during the fourth quarter. Metis Global Partners LLC now owns 13,823 shares of the real estate investment trust's stock worth $187,000 after purchasing an additional 1,412 shares in the last quarter. Finally, Swiss National Bank grew its holdings in shares of Pebblebrook Hotel Trust by 0.7% in 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.

Pebblebrook Hotel Trust Stock Up 1.3 %

Shares of NYSE:PEB traded up $0.11 during midday trading on Wednesday, hitting $8.88. The stock had a trading volume of 845,014 shares, compared to its average volume of 1,916,687. 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 business's 50-day simple moving average is $10.42 and its 200-day simple moving average is $12.26. Pebblebrook Hotel Trust has a 12 month low of $7.41 and a 12 month high of $16.06. The company has a market cap of $1.05 billion, a P/E ratio of -30.62, a PEG ratio of 0.60 and a beta of 1.69.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date was Monday, March 31st. Pebblebrook Hotel Trust's dividend payout ratio is currently -9.30%.

Analyst Ratings Changes

Several brokerages have recently issued reports on PEB. Wedbush downgraded 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. Compass Point cut Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $17.00 to $15.00 in a research report on Monday, March 10th. StockNews.com lowered Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research report on Wednesday, March 5th. Stifel Nicolaus reduced their price target on Pebblebrook Hotel Trust from $16.50 to $13.25 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Finally, Truist Financial cut their price objective on shares of Pebblebrook Hotel Trust from $14.00 to $13.00 and set a "hold" rating on the stock in a research report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $13.61.

Pebblebrook Hotel Trust 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.