William Blair Investment Management LLC Increases Position in Pebblebrook Hotel Trust (NYSE:PEB)

William Blair Investment Management LLC lifted its holdings in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,159,201 shares of the real estate investment trust's stock after buying an additional 49,183 shares during the period. William Blair Investment Management LLC owned approximately 1.80% of Pebblebrook Hotel Trust worth $29,257,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. FMR LLC lifted its stake in shares of Pebblebrook Hotel Trust by 10.8% in the third quarter. FMR LLC now owns 9,069 shares of the real estate investment trust's stock worth $120,000 after buying an additional 884 shares in the last quarter. Atria Investments Inc raised its stake in Pebblebrook Hotel Trust by 2.2% during the third quarter. Atria Investments Inc now owns 40,897 shares of the real estate investment trust's stock worth $541,000 after purchasing an additional 889 shares during the period. Public Employees Retirement System of Ohio raised its stake in Pebblebrook Hotel Trust by 0.7% during the third quarter. Public Employees Retirement System of Ohio now owns 191,009 shares of the real estate investment trust's stock worth $2,527,000 after purchasing an additional 1,402 shares during the period. Metis Global Partners LLC raised its stake in Pebblebrook Hotel Trust by 11.4% during the fourth quarter. Metis Global Partners LLC now owns 13,823 shares of the real estate investment trust's stock worth $187,000 after purchasing an additional 1,412 shares during the period. Finally, Swiss National Bank raised its stake in Pebblebrook Hotel Trust by 0.7% during the fourth quarter. Swiss National Bank now owns 237,012 shares of the real estate investment trust's stock worth $3,212,000 after purchasing an additional 1,700 shares during the period.

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Analyst Upgrades and Downgrades

A number of equities analysts have commented on PEB shares. Truist Financial reduced their target price on shares of 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. Wedbush cut shares of Pebblebrook Hotel Trust from a "neutral" rating to an "underperform" rating and set a $13.00 price target for the company. in a research report on Thursday, January 2nd. Wells Fargo & Company decreased their price objective on shares of 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. StockNews.com lowered shares of Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a report on Wednesday, March 5th. Finally, Compass Point lowered shares of Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $17.00 to $15.00 in a report on Monday, March 10th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Pebblebrook Hotel Trust has a consensus rating of "Hold" and a consensus price target of $13.86.

Pebblebrook Hotel Trust Stock Down 2.7 %

PEB traded down $0.29 during trading hours on Friday, hitting $10.30. 3,990,795 shares of the company's stock were exchanged, compared to its average volume of 1,731,214. Pebblebrook Hotel Trust has a 12-month low of $9.97 and a 12-month high of $16.19. The firm has a 50 day moving average of $12.38 and a 200 day moving average of $12.93. The firm has a market cap of $1.23 billion, a P/E ratio of -35.50, a price-to-earnings-growth ratio of 0.60 and a beta of 1.87. 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 announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.39%. The ex-dividend date is Monday, March 31st. Pebblebrook Hotel Trust's payout ratio is currently -9.30%.

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.