Victory Capital Management Inc. Cuts Stock Holdings in Pebblebrook Hotel Trust (NYSE:PEB)

Victory Capital Management Inc. trimmed its stake in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 74.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,395 shares of the real estate investment trust's stock after selling 74,774 shares during the period. Victory Capital Management Inc.'s holdings in Pebblebrook Hotel Trust were worth $344,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. 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. Fisher Asset Management LLC grew its position in shares of 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 buying an additional 31,677 shares during the last quarter. Entropy Technologies LP raised its stake in shares of Pebblebrook Hotel Trust by 93.3% during the 4th quarter. Entropy Technologies LP now owns 54,880 shares of the real estate investment trust's stock worth $744,000 after acquiring an additional 26,487 shares in the last quarter. Atom Investors LP purchased a new stake in Pebblebrook Hotel Trust during the third quarter valued at approximately $1,363,000. Finally, PEAK6 Investments LLC acquired a new stake in Pebblebrook Hotel Trust in the third quarter valued at approximately $884,000.

Pebblebrook Hotel Trust Stock Performance

NYSE:PEB traded down $0.00 during midday trading on Wednesday, hitting $10.47. The company's stock had a trading volume of 1,639,395 shares, compared to its average volume of 1,729,231. Pebblebrook Hotel Trust has a fifty-two week low of $9.97 and a fifty-two week high of $16.06. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market cap of $1.25 billion, a P/E ratio of -36.09, a P/E/G ratio of 0.60 and a beta of 1.87. The firm's 50 day moving average is $12.27 and its 200-day moving average is $12.90.

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Pebblebrook Hotel Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.01 per share. The ex-dividend date is Monday, March 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.38%. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is presently -9.30%.

Analysts Set New Price Targets

PEB has been the topic of a number of recent analyst reports. Raymond James set a $14.00 price target on Pebblebrook Hotel Trust and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Wells Fargo & Company reduced their target price on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 18th. StockNews.com downgraded Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a report on Wednesday, March 5th. Truist Financial dropped their price target on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a "hold" rating on the stock in a research note on Tuesday, February 4th. Finally, Wedbush lowered shares of Pebblebrook Hotel Trust from a "neutral" rating to an "underperform" rating and set a $13.00 price objective for the company. in a research report on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Pebblebrook Hotel Trust presently has a consensus rating of "Hold" and an average target price of $13.86.

Pebblebrook Hotel Trust Company 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.