Prudential Financial Inc. Raises Stock Holdings in Pebblebrook Hotel Trust (NYSE:PEB)

Prudential Financial Inc. increased its stake in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 17.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 233,943 shares of the real estate investment trust's stock after acquiring an additional 35,159 shares during the period. Prudential Financial Inc. owned about 0.20% of Pebblebrook Hotel Trust worth $3,170,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PEB. Nordea Investment Management AB lifted its holdings in shares of Pebblebrook Hotel Trust by 90.2% in the 4th quarter. Nordea Investment Management AB now owns 746,763 shares of the real estate investment trust's stock worth $10,193,000 after acquiring an additional 354,116 shares during the last quarter. Fisher Asset Management LLC raised its position 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 purchasing an additional 31,677 shares during the period. Entropy Technologies LP lifted its stake in Pebblebrook Hotel Trust by 93.3% in the fourth quarter. Entropy Technologies LP now owns 54,880 shares of the real estate investment trust's stock worth $744,000 after purchasing an additional 26,487 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Pebblebrook Hotel Trust during the fourth quarter valued at about $358,000. Finally, Cbre Investment Management Listed Real Assets LLC purchased a new stake in Pebblebrook Hotel Trust during the fourth quarter valued at about $13,788,000.

Pebblebrook Hotel Trust Trading Down 6.0 %

NYSE PEB traded down $0.51 during trading on Monday, hitting $7.93. The company had a trading volume of 4,043,049 shares, compared to its average volume of 1,855,826. The company's fifty day moving average is $11.53 and its 200-day moving average is $12.69. The company has a market cap of $949.53 million, a price-to-earnings ratio of -27.33, a price-to-earnings-growth 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 one year low of $7.69 and a one year high of $16.06.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.01 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.04 annualized dividend and a yield of 0.50%. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is presently -9.30%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PEB shares. Wells Fargo & Company lowered their target price on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 18th. Compass Point lowered Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $17.00 to $15.00 in a research note on Monday, March 10th. StockNews.com cut shares of Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a report on Wednesday, March 5th. Truist Financial lowered their price target on shares of Pebblebrook Hotel Trust from $14.00 to $13.00 and set a "hold" rating for the company in a report on Tuesday, February 4th. Finally, Raymond James set a $14.00 price target on shares of 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, four have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $13.86.

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.