Pebblebrook Hotel Trust (NYSE:PEB) Shares Purchased by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. boosted its holdings in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 8.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,713,156 shares of the real estate investment trust's stock after acquiring an additional 525,991 shares during the period. T. Rowe Price Investment Management Inc. owned about 5.61% of Pebblebrook Hotel Trust worth $90,964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Stifel Financial Corp raised its position in shares of Pebblebrook Hotel Trust by 11.3% in the 3rd quarter. Stifel Financial Corp now owns 25,302 shares of the real estate investment trust's stock worth $335,000 after acquiring an additional 2,575 shares in the last quarter. Nordea Investment Management AB raised its holdings in Pebblebrook Hotel Trust by 90.2% in the fourth quarter. Nordea Investment Management AB now owns 746,763 shares of the real estate investment trust's stock worth $10,193,000 after purchasing an additional 354,116 shares in the last quarter. abrdn plc raised its holdings in Pebblebrook Hotel Trust by 45.2% in the fourth quarter. abrdn plc now owns 35,696 shares of the real estate investment trust's stock worth $481,000 after purchasing an additional 11,117 shares in the last quarter. Entropy Technologies LP lifted its position in shares of Pebblebrook Hotel Trust by 93.3% during the fourth quarter. Entropy Technologies LP now owns 54,880 shares of the real estate investment trust's stock valued at $744,000 after buying an additional 26,487 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of Pebblebrook Hotel Trust by 10.2% in the 4th quarter. Van ECK Associates Corp now owns 22,619 shares of the real estate investment trust's stock valued at $306,000 after buying an additional 2,096 shares in the last quarter.

Wall Street Analyst Weigh In

PEB has been the subject of a number of analyst reports. Wedbush cut shares of Pebblebrook Hotel Trust from a "neutral" rating to an "underperform" rating and set a $13.00 target price for the company. in a research report on Thursday, January 2nd. StockNews.com lowered Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a report on Wednesday, March 5th. Raymond James set a $14.00 target price on Pebblebrook Hotel Trust and gave the company an "outperform" rating in a research report on Thursday, February 27th. Wells Fargo & Company dropped their price target on 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. Finally, Evercore ISI cut their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $11.00 and set an "in-line" rating on the stock in a report on Monday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $13.28.

Pebblebrook Hotel Trust Stock Performance

NYSE PEB traded down $0.06 during mid-day trading on Monday, reaching $9.10. 2,750,641 shares of the stock were exchanged, compared to its average volume of 1,914,954. Pebblebrook Hotel Trust has a 1 year low of $7.41 and a 1 year high of $15.46. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 0.81. The business's 50 day moving average is $10.15 and its 200-day moving average is $12.15. The company has a market capitalization of $1.08 billion, a P/E ratio of -31.38, a P/E/G ratio of 0.60 and a beta of 1.69.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.01 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.44%. Pebblebrook Hotel Trust's payout ratio is -9.30%.

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.