Pebblebrook Hotel Trust (NYSE:PEB) Holdings Decreased by Marshall Wace LLP

Marshall Wace LLP lessened its stake in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 45.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 74,873 shares of the real estate investment trust's stock after selling 62,417 shares during the period. Marshall Wace LLP owned about 0.06% of Pebblebrook Hotel Trust worth $1,030,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its position in Pebblebrook Hotel Trust by 707.8% in the second quarter. Blue Trust Inc. now owns 11,116 shares of the real estate investment trust's stock valued at $153,000 after purchasing an additional 9,740 shares during the last quarter. Quadrature Capital Ltd bought a new position in Pebblebrook Hotel Trust during the fourth quarter valued at $266,000. Van ECK Associates Corp raised its stake in shares of Pebblebrook Hotel Trust by 7.1% during the second quarter. Van ECK Associates Corp now owns 18,270 shares of the real estate investment trust's stock valued at $251,000 after acquiring an additional 1,215 shares in the last quarter. ProShare Advisors LLC lifted its stake in shares of Pebblebrook Hotel Trust by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 24,014 shares of the real estate investment trust's stock worth $370,000 after purchasing an additional 1,661 shares during the last quarter. Finally, Centersquare Investment Management LLC acquired a new position in shares of Pebblebrook Hotel Trust in the first quarter valued at about $445,000.

Pebblebrook Hotel Trust Stock Up 0.6 %

Shares of NYSE:PEB traded up $0.08 during trading on Tuesday, hitting $12.80. 2,224,704 shares of the company were exchanged, compared to its average volume of 1,673,480. The firm has a fifty day moving average price of $12.99 and a two-hundred day moving average price of $13.87. Pebblebrook Hotel Trust has a fifty-two week low of $11.39 and a fifty-two week high of $16.65. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of -12.53, a P/E/G ratio of 0.62 and a beta of 1.84. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.78.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.58 by ($0.42). The firm had revenue of $397.11 million during the quarter, compared to the consensus estimate of $396.29 million. Pebblebrook Hotel Trust had a negative net margin of 6.75% and a negative return on equity of 3.40%. The firm's revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.62 earnings per share. As a group, research analysts anticipate that Pebblebrook Hotel Trust will post 1.52 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.31%. Pebblebrook Hotel Trust's dividend payout ratio is -3.92%.

Insider Transactions at Pebblebrook Hotel Trust

In other news, CEO Jon E. Bortz acquired 22,000 shares of Pebblebrook Hotel Trust stock in a transaction that occurred on Tuesday, August 13th. The stock was bought at an average price of $12.21 per share, for a total transaction of $268,620.00. Following the completion of the transaction, the chief executive officer now owns 1,341,284 shares in the company, valued at $16,377,077.64. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Jon E. Bortz bought 22,000 shares of the stock in a transaction dated Tuesday, August 13th. The stock was purchased at an average price of $12.21 per share, for a total transaction of $268,620.00. Following the acquisition, the chief executive officer now owns 1,341,284 shares of the company's stock, valued at $16,377,077.64. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jon E. Bortz acquired 66,000 shares of the company's stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average cost of $11.98 per share, for a total transaction of $790,680.00. Following the transaction, the chief executive officer now owns 1,319,284 shares of the company's stock, valued at $15,805,022.32. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PEB. Wells Fargo & Company cut their target price on Pebblebrook Hotel Trust from $15.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Friday, September 13th. StockNews.com lowered shares of Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research report on Wednesday, September 25th. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $13.90.

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.