Bank of Montreal Can Has $11.30 Million Stake in Pebblebrook Hotel Trust (NYSE:PEB)

Bank of Montreal Can trimmed its position in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 74.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 834,068 shares of the real estate investment trust's stock after selling 2,491,729 shares during the period. Bank of Montreal Can owned approximately 0.70% of Pebblebrook Hotel Trust worth $11,302,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its holdings in shares of Pebblebrook Hotel Trust by 100.2% in the 4th quarter. Quadrant Capital Group LLC now owns 2,644 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 1,323 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new stake in shares of Pebblebrook Hotel Trust during the 4th quarter valued at approximately $642,000. Centersquare Investment Management LLC increased its position in Pebblebrook Hotel Trust by 2,448.9% during the 4th quarter. Centersquare Investment Management LLC now owns 1,879,327 shares of the real estate investment trust's stock worth $25,465,000 after purchasing an additional 1,805,597 shares in the last quarter. Cinctive Capital Management LP bought a new position in Pebblebrook Hotel Trust in the 4th quarter valued at approximately $4,844,000. Finally, Alliancebernstein L.P. boosted its position in Pebblebrook Hotel Trust by 3.4% in the fourth quarter. Alliancebernstein L.P. now owns 161,726 shares of the real estate investment trust's stock valued at $2,191,000 after buying an additional 5,246 shares in the last quarter.

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Pebblebrook Hotel Trust Trading Down 0.8 %

Shares of NYSE:PEB traded down $0.07 during trading on Tuesday, reaching $8.47. The stock had a trading volume of 2,265,394 shares, compared to its average volume of 1,911,735. Pebblebrook Hotel Trust has a 52 week low of $7.41 and a 52 week high of $16.06. The firm's fifty day moving average is $10.80 and its 200 day moving average is $12.42. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of -29.21, 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued 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 yield of 0.47%. Pebblebrook Hotel Trust's payout ratio is currently -9.30%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Wells Fargo & Company lowered their price target on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an "equal weight" rating for the company in a report on Tuesday, February 18th. Wedbush lowered 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 report on Thursday, January 2nd. StockNews.com lowered shares of Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a report on Wednesday, March 5th. Compass Point downgraded shares of Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and dropped their price target for the company from $17.00 to $15.00 in a research note on Monday, March 10th. Finally, Raymond James set a $14.00 price target on shares of Pebblebrook Hotel Trust and gave the stock an "outperform" rating in a report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $13.86.

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.