Marshall Wace LLP Invests $6.16 Million in Pebblebrook Hotel Trust (NYSE:PEB)

Marshall Wace LLP bought a new position in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 454,685 shares of the real estate investment trust's stock, valued at approximately $6,161,000. Marshall Wace LLP owned about 0.38% of Pebblebrook Hotel Trust at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in PEB. Quadrant Capital Group LLC increased its holdings in Pebblebrook Hotel Trust by 100.2% during the fourth 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 last quarter. Sterling Capital Management LLC increased its stake in shares of Pebblebrook Hotel Trust by 815.6% in the 4th quarter. Sterling Capital Management LLC now owns 3,763 shares of the real estate investment trust's stock worth $51,000 after purchasing an additional 3,352 shares in the last quarter. Cibc World Markets Corp purchased a new stake in shares of Pebblebrook Hotel Trust in the 4th quarter worth $151,000. Optimize Financial Inc bought a new position in Pebblebrook Hotel Trust in the 4th quarter worth $158,000. Finally, Metis Global Partners LLC lifted its position in 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 valued at $187,000 after purchasing an additional 1,412 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Truist Financial decreased their price objective on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a "hold" rating on the stock in a research note on Tuesday, February 4th. Compass Point downgraded shares of Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and lowered their price target for the company from $17.00 to $15.00 in a report on Monday, March 10th. Raymond James set a $14.00 price objective on Pebblebrook Hotel Trust and gave the company an "outperform" rating in a research report on Thursday, February 27th. Evercore ISI cut their target price on Pebblebrook Hotel Trust from $15.00 to $11.00 and set an "in-line" rating on the stock in a research report on Monday. Finally, Wedbush lowered shares of Pebblebrook Hotel Trust from a "neutral" rating to an "underperform" rating and set a $13.00 target price for the company. in a research note on Thursday, January 2nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, Pebblebrook Hotel Trust presently has an average rating of "Hold" and an average price target of $13.28.

Pebblebrook Hotel Trust Stock Performance

NYSE:PEB traded down $0.02 during trading hours on Tuesday, reaching $9.10. The company had a trading volume of 236,569 shares, compared to its average volume of 1,908,354. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market cap of $1.08 billion, a PE ratio of -31.45, a price-to-earnings-growth ratio of 0.60 and a beta of 1.69. The business's 50 day moving average price is $10.15 and its 200-day moving average price is $12.15. Pebblebrook Hotel Trust has a 1-year low of $7.41 and a 1-year high of $15.46.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid 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 yield of 0.44%. Pebblebrook Hotel Trust's dividend payout ratio is currently -9.30%.

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.