Y Intercept Hong Kong Ltd Takes Position in Pebblebrook Hotel Trust (NYSE:PEB)

Y Intercept Hong Kong Ltd purchased a new position in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 26,391 shares of the real estate investment trust's stock, valued at approximately $358,000.

Other institutional investors have also added to or reduced their stakes in the company. Nordea Investment Management AB boosted its holdings in Pebblebrook Hotel Trust by 90.2% during the 4th quarter. Nordea Investment Management AB now owns 746,763 shares of the real estate investment trust's stock valued at $10,193,000 after acquiring an additional 354,116 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Pebblebrook Hotel Trust by 5.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,418,159 shares of the real estate investment trust's stock valued at $31,992,000 after buying an additional 130,265 shares during the period. Atom Investors LP bought a new stake in Pebblebrook Hotel Trust in the 3rd quarter worth $1,363,000. GSA Capital Partners LLP increased its position in shares of Pebblebrook Hotel Trust by 47.4% in the third quarter. GSA Capital Partners LLP now owns 223,654 shares of the real estate investment trust's stock valued at $2,959,000 after acquiring an additional 71,920 shares during the period. Finally, PEAK6 Investments LLC bought a new position in shares of Pebblebrook Hotel Trust during the third quarter valued at about $884,000.

Pebblebrook Hotel Trust Stock Up 2.8 %

NYSE:PEB traded up $0.33 during mid-day trading on Friday, hitting $12.00. 950,376 shares of the company's stock were exchanged, compared to its average volume of 1,946,819. The company has a market cap of $1.44 billion, a PE ratio of -41.29, a P/E/G ratio of 0.60 and a beta of 1.85. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81. Pebblebrook Hotel Trust has a one year low of $11.47 and a one year high of $16.44. The business has a fifty day moving average price of $12.91 and a 200 day moving average price of $13.09.

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Pebblebrook Hotel Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend was Tuesday, December 31st. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is presently -9.30%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. 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 report on Tuesday, February 4th. Wedbush lowered 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. Stifel Nicolaus upgraded shares of Pebblebrook Hotel Trust from a "hold" rating to a "buy" rating and lifted their price target for the company from $14.75 to $15.00 in a report on Friday, November 22nd. Raymond James set a $14.00 price objective on shares of Pebblebrook Hotel Trust and gave the stock an "outperform" rating in a report on Thursday, February 27th. Finally, StockNews.com cut shares of Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $14.14.

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.