Metis Global Partners LLC Purchases 1,412 Shares of Pebblebrook Hotel Trust (NYSE:PEB)

Metis Global Partners LLC grew its position in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 11.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 13,823 shares of the real estate investment trust’s stock after acquiring an additional 1,412 shares during the quarter. Metis Global Partners LLC’s holdings in Pebblebrook Hotel Trust were worth $187,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PEB. Covestor Ltd boosted its position in shares of Pebblebrook Hotel Trust by 80.1% during the 3rd quarter. Covestor Ltd now owns 4,471 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 1,989 shares during the last quarter. FMR LLC boosted its position in shares of Pebblebrook Hotel Trust by 10.8% during the 3rd quarter. FMR LLC now owns 9,069 shares of the real estate investment trust’s stock valued at $120,000 after acquiring an additional 884 shares during the last quarter. FORA Capital LLC bought a new position in shares of Pebblebrook Hotel Trust during the 3rd quarter valued at approximately $133,000. Holocene Advisors LP bought a new position in shares of Pebblebrook Hotel Trust during the 3rd quarter valued at approximately $166,000. Finally, Quadrature Capital Ltd bought a new position in shares of Pebblebrook Hotel Trust during the 3rd quarter valued at approximately $185,000.

Pebblebrook Hotel Trust Stock Performance

PEB stock opened at $11.69 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78. The business’s fifty day simple moving average is $12.91 and its two-hundred day simple moving average is $13.09. Pebblebrook Hotel Trust has a twelve month low of $11.47 and a twelve month high of $16.61. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of -40.29, a PEG ratio of 0.60 and a beta of 1.85.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.34%. Pebblebrook Hotel Trust’s payout ratio is -9.30%.

Analysts Set New Price Targets

A number of research firms have recently commented on PEB. Wedbush downgraded Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 target price for the company. in a research report on Thursday, January 2nd. Wells Fargo & Company lowered their price target on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 18th. 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. Stifel Nicolaus upgraded Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and raised their price target for the stock from $14.75 to $15.00 in a research report on Friday, November 22nd. Finally, Compass Point upgraded Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.14.

About Pebblebrook Hotel Trust

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.