Cbre Investment Management Listed Real Assets LLC Takes Position in Pebblebrook Hotel Trust (NYSE:PEB)

Cbre Investment Management Listed Real Assets LLC bought a new position in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,017,568 shares of the real estate investment trust's stock, valued at approximately $13,788,000. Cbre Investment Management Listed Real Assets LLC owned about 0.85% of Pebblebrook Hotel Trust as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its stake in Pebblebrook Hotel Trust by 3.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,504,751 shares of the real estate investment trust's stock worth $33,939,000 after acquiring an additional 86,592 shares during the last quarter. Metis Global Partners LLC increased its stake in Pebblebrook Hotel Trust by 11.4% in the 4th quarter. Metis Global Partners LLC now owns 13,823 shares of the real estate investment trust's stock worth $187,000 after acquiring an additional 1,412 shares during the last quarter. Fisher Asset Management LLC increased its stake in Pebblebrook Hotel Trust by 5.9% in the 4th quarter. Fisher Asset Management LLC now owns 572,994 shares of the real estate investment trust's stock worth $7,764,000 after acquiring an additional 31,677 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Pebblebrook Hotel Trust in the 4th quarter worth about $358,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Pebblebrook Hotel Trust during the 4th quarter valued at about $470,000.

Pebblebrook Hotel Trust Trading Up 3.8 %

PEB stock traded up $0.44 during trading on Friday, hitting $12.11. 2,328,785 shares of the company traded hands, compared to its average volume of 1,979,245. The firm has a market capitalization of $1.45 billion, a PE ratio of -41.77, a P/E/G ratio of 0.60 and a beta of 1.87. Pebblebrook Hotel Trust has a 1 year low of $11.47 and a 1 year high of $16.44. The company has a 50-day moving average of $12.88 and a 200-day moving average of $13.09. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 0.81.

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Pebblebrook Hotel Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.33%. The ex-dividend date was Tuesday, December 31st. Pebblebrook Hotel Trust's dividend payout ratio is presently -9.30%.

Analysts Set New Price Targets

PEB has been the topic of several recent research reports. Compass Point upgraded Pebblebrook Hotel Trust from a "neutral" rating to a "buy" rating and set a $17.00 price objective on the stock in a research report on Thursday, November 21st. Stifel Nicolaus upgraded Pebblebrook Hotel Trust from a "hold" rating to a "buy" rating and increased their price objective for the company from $14.75 to $15.00 in a research report on Friday, November 22nd. Truist Financial reduced their price objective on 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. Wells Fargo & Company reduced their price objective on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 18th. Finally, 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. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $14.14.

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.