Fuller & Thaler Asset Management Inc. Sells 64,949 Shares of Pebblebrook Hotel Trust (NYSE:PEB)

Fuller & Thaler Asset Management Inc. lessened its holdings in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,546,420 shares of the real estate investment trust's stock after selling 64,949 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 5.47% of Pebblebrook Hotel Trust worth $88,704,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in PEB. Quadrant Capital Group LLC raised its holdings in shares of Pebblebrook Hotel Trust by 100.2% during 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. Sterling Capital Management LLC raised its holdings in 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 valued at $51,000 after buying an additional 3,352 shares in the last quarter. Cibc World Markets Corp acquired a new stake in shares of Pebblebrook Hotel Trust in the fourth quarter worth about $151,000. Optimize Financial Inc bought a new stake in shares of Pebblebrook Hotel Trust during the 4th quarter worth about $158,000. Finally, Metis Global Partners LLC increased its holdings in shares of Pebblebrook Hotel Trust by 11.4% during the 4th quarter. Metis Global Partners LLC now owns 13,823 shares of the real estate investment trust's stock valued at $187,000 after acquiring an additional 1,412 shares during the last quarter.

Analyst Ratings Changes

PEB has been the subject of several analyst reports. Wedbush lowered Pebblebrook Hotel Trust from a "neutral" rating to an "underperform" rating and set a $13.00 target price for the company. in a report on Thursday, January 2nd. Stifel Nicolaus reduced their price objective on shares of Pebblebrook Hotel Trust from $16.50 to $13.25 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Wells Fargo & Company lowered their target price on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 18th. Raymond James set a $14.00 target price on shares of Pebblebrook Hotel Trust and gave the stock 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 research note on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $13.61.

Pebblebrook Hotel Trust Price Performance

Shares of PEB stock opened at $8.79 on Wednesday. The company has a market capitalization of $1.04 billion, a P/E ratio of -30.30, a P/E/G ratio of 0.60 and a beta of 1.69. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. Pebblebrook Hotel Trust has a 12 month low of $7.41 and a 12 month high of $16.06. The stock has a 50 day moving average of $10.42 and a two-hundred day moving average of $12.26.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.01 per share. The ex-dividend date was Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.46%. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.