Pebblebrook Hotel Trust (NYSE:PEB) Shares Sold by Boothbay Fund Management LLC

Boothbay Fund Management LLC cut its holdings in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 9.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 563,739 shares of the real estate investment trust's stock after selling 61,277 shares during the period. Boothbay Fund Management LLC owned about 0.47% of Pebblebrook Hotel Trust worth $7,639,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PEB. Quadrant Capital Group LLC raised its stake 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 valued at $36,000 after buying an additional 1,323 shares in the last quarter. Sterling Capital Management LLC grew its holdings in shares of Pebblebrook Hotel Trust by 815.6% during the fourth 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 during the last quarter. Cibc World Markets Corp purchased a new position in shares of Pebblebrook Hotel Trust during the fourth quarter worth about $151,000. Optimize Financial Inc purchased a new position in shares of Pebblebrook Hotel Trust during the fourth quarter worth about $158,000. Finally, 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 purchasing an additional 1,412 shares during the last quarter.

Analysts Set New Price Targets

Several brokerages have issued reports on PEB. Compass Point lowered Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $17.00 to $15.00 in a report on Monday, March 10th. Stifel Nicolaus dropped their price objective on Pebblebrook Hotel Trust from $16.50 to $13.25 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Wedbush lowered Pebblebrook Hotel Trust from a "neutral" rating to an "underperform" rating and set a $13.00 price target on the stock. in a report on Thursday, January 2nd. Truist Financial lowered their price target on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a "hold" rating on the stock in a report on Tuesday, February 4th. Finally, Raymond James set a $14.00 price target on 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, five have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, Pebblebrook Hotel Trust currently has an average rating of "Hold" and a consensus target price of $13.28.

Pebblebrook Hotel Trust Stock Performance

PEB traded down $0.06 during trading on Monday, reaching $9.10. The company's stock had a trading volume of 2,750,641 shares, compared to its average volume of 1,914,954. Pebblebrook Hotel Trust has a 52-week low of $7.41 and a 52-week high of $15.46. The company's fifty day moving average price is $10.15 and its 200-day moving average price is $12.15. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of -31.38, a price-to-earnings-growth 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 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 0.44%. The ex-dividend date of this dividend was Monday, March 31st. Pebblebrook Hotel Trust's dividend payout ratio is presently -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.