Quantbot Technologies LP Has $1.08 Million Stock Position in Pebblebrook Hotel Trust (NYSE:PEB)

Quantbot Technologies LP lowered its holdings in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 40.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,529 shares of the real estate investment trust's stock after selling 54,956 shares during the period. Quantbot Technologies LP owned approximately 0.07% of Pebblebrook Hotel Trust worth $1,078,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Palogic Value Management L.P. lifted its stake in Pebblebrook Hotel Trust by 11.5% in the 4th quarter. Palogic Value Management L.P. now owns 194,000 shares of the real estate investment trust's stock worth $2,629,000 after acquiring an additional 20,000 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Pebblebrook Hotel Trust by 37.3% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 64,171 shares of the real estate investment trust's stock valued at $870,000 after purchasing an additional 17,438 shares during the period. Boston Partners boosted its holdings in shares of Pebblebrook Hotel Trust by 19.4% during the fourth quarter. Boston Partners now owns 68,728 shares of the real estate investment trust's stock worth $931,000 after purchasing an additional 11,165 shares during the period. William Blair Investment Management LLC grew its position in Pebblebrook Hotel Trust by 2.3% during the fourth quarter. William Blair Investment Management LLC now owns 2,159,201 shares of the real estate investment trust's stock valued at $29,257,000 after purchasing an additional 49,183 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new position in Pebblebrook Hotel Trust in the 4th quarter valued at approximately $151,000.

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Wall Street Analyst Weigh In

A number of brokerages have issued reports on PEB. Raymond James set a $14.00 target price on shares of Pebblebrook Hotel Trust and gave the company an "outperform" rating in a research note on Thursday, February 27th. Compass Point downgraded Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and lowered their target price for the company from $17.00 to $15.00 in a research note on Monday, March 10th. Wedbush downgraded Pebblebrook Hotel Trust from a "neutral" rating to an "underperform" rating and set a $13.00 price target for the company. in a research note on Thursday, January 2nd. Truist Financial lowered their price target on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a "hold" rating for the company in a research note on Tuesday, February 4th. Finally, Wells Fargo & Company dropped their price objective on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $13.86.

Pebblebrook Hotel Trust Stock Performance

Pebblebrook Hotel Trust stock traded down $0.17 on Friday, reaching $10.15. 1,972,978 shares of the stock were exchanged, compared to its average volume of 1,812,602. The stock has a market cap of $1.22 billion, a PE ratio of -35.01, a PEG ratio of 0.60 and a beta of 1.87. The firm has a fifty day moving average price of $12.06 and a two-hundred day moving average price of $12.85. Pebblebrook Hotel Trust has a twelve month low of $9.96 and a twelve month high of $16.06. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.01 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.39%. Pebblebrook Hotel Trust's dividend 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.