Arrowstreet Capital Limited Partnership Acquires 633,881 Shares of Pebblebrook Hotel Trust (NYSE:PEB)

Arrowstreet Capital Limited Partnership raised its stake in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 82.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,399,856 shares of the real estate investment trust's stock after buying an additional 633,881 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 1.17% of Pebblebrook Hotel Trust worth $18,968,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PEB. FMR LLC lifted its position in Pebblebrook Hotel Trust by 10.8% in the 3rd quarter. FMR LLC now owns 9,069 shares of the real estate investment trust's stock valued at $120,000 after acquiring an additional 884 shares in the last quarter. Cibc World Markets Corp bought a new stake in shares of Pebblebrook Hotel Trust in the fourth quarter valued at about $151,000. Holocene Advisors LP acquired a new position in shares of Pebblebrook Hotel Trust during the third quarter worth about $166,000. Metis Global Partners LLC grew its holdings 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 buying an additional 1,412 shares in the last quarter. Finally, Aigen Investment Management LP acquired a new stake in Pebblebrook Hotel Trust in the 4th quarter valued at approximately $189,000.

Analysts Set New Price Targets

PEB has been the subject of a number of recent research reports. Truist Financial reduced their price target on 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. Wedbush downgraded 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 report on Thursday, January 2nd. Compass Point cut shares of Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and cut their price target for the stock from $17.00 to $15.00 in a research report on Monday, March 10th. Raymond James set a $14.00 target price on Pebblebrook Hotel Trust and gave the company an "outperform" rating in a research report on Thursday, February 27th. Finally, StockNews.com lowered Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $13.86.

Pebblebrook Hotel Trust Stock Performance

PEB traded down $0.24 on Tuesday, reaching $7.70. The company had a trading volume of 3,375,532 shares, compared to its average volume of 1,864,629. The stock has a market cap of $923.05 million, a P/E ratio of -26.56, a P/E/G ratio of 0.60 and a beta of 1.69. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 0.81. Pebblebrook Hotel Trust has a fifty-two week low of $7.57 and a fifty-two week high of $16.06. The company's fifty day moving average is $11.29 and its 200 day moving average is $12.61.

Pebblebrook Hotel Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.01 per share. The ex-dividend date is Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.52%. Pebblebrook Hotel Trust's dividend payout ratio (DPR) 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.