GSA Capital Partners LLP Increases Stake in Pebblebrook Hotel Trust (NYSE:PEB)

GSA Capital Partners LLP lifted its stake in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 47.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 223,654 shares of the real estate investment trust's stock after buying an additional 71,920 shares during the quarter. GSA Capital Partners LLP owned about 0.19% of Pebblebrook Hotel Trust worth $2,959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Covestor Ltd increased its position in shares of Pebblebrook Hotel Trust by 80.1% during the third quarter. Covestor Ltd now owns 4,471 shares of the real estate investment trust's stock valued at $59,000 after buying an additional 1,989 shares during the period. Quarry LP boosted its stake in Pebblebrook Hotel Trust by 2,376.9% during the second quarter. Quarry LP now owns 4,508 shares of the real estate investment trust's stock worth $62,000 after acquiring an additional 4,326 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Pebblebrook Hotel Trust by 35.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,677 shares of the real estate investment trust's stock worth $63,000 after acquiring an additional 1,212 shares in the last quarter. Blue Trust Inc. boosted its stake in Pebblebrook Hotel Trust by 707.8% during the second quarter. Blue Trust Inc. now owns 11,116 shares of the real estate investment trust's stock worth $153,000 after acquiring an additional 9,740 shares in the last quarter. Finally, Algert Global LLC bought a new stake in Pebblebrook Hotel Trust during the second quarter worth about $167,000.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on PEB shares. Truist Financial dropped their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a "hold" rating on the stock in a research note on Monday, October 28th. StockNews.com lowered shares of Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research note on Tuesday, October 22nd. Wells Fargo & Company dropped their target price on shares of Pebblebrook Hotel Trust from $15.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Friday, September 13th. Finally, Robert W. Baird dropped their target price on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday, October 31st. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to data from MarketBeat.com, Pebblebrook Hotel Trust currently has an average rating of "Hold" and a consensus target price of $14.30.

Pebblebrook Hotel Trust Stock Performance

Pebblebrook Hotel Trust stock traded down $0.11 during midday trading on Tuesday, reaching $12.74. 1,523,937 shares of the company traded hands, compared to its average volume of 1,676,376. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of -43.55, a price-to-earnings-growth ratio of 0.61 and a beta of 1.85. The business has a 50 day moving average of $12.87 and a two-hundred day moving average of $13.40. Pebblebrook Hotel Trust has a 12 month low of $11.39 and a 12 month high of $16.65. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.71 and a quick ratio of 0.71.

Pebblebrook Hotel Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.31%. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is -13.79%.

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.