William Blair Investment Management LLC Purchases 49,183 Shares of Pebblebrook Hotel Trust (NYSE:PEB)

William Blair Investment Management LLC increased its position in Pebblebrook Hotel Trust (NYSE:PEB) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,159,201 shares of the real estate investment trust’s stock after purchasing an additional 49,183 shares during the quarter. William Blair Investment Management LLC’s holdings in Pebblebrook Hotel Trust were worth $29,257,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of PEB. Cbre Investment Management Listed Real Assets LLC bought a new stake in Pebblebrook Hotel Trust during the 4th quarter valued at $13,788,000. Nordea Investment Management AB boosted its position 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 in the last quarter. 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 acquiring an additional 130,265 shares in the last quarter. Vestcor Inc bought a new stake in Pebblebrook Hotel Trust during the 4th quarter valued at $1,483,000. Finally, Atom Investors LP bought a new stake in Pebblebrook Hotel Trust during the 3rd quarter valued at $1,363,000.

Pebblebrook Hotel Trust Stock Down 3.4 %

Pebblebrook Hotel Trust stock opened at $10.53 on Wednesday. The business has a fifty day moving average price of $12.53 and a 200-day moving average price of $12.98. Pebblebrook Hotel Trust has a 1-year low of $10.31 and a 1-year high of $16.19. 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 stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of -36.29, a PEG ratio of 0.60 and a beta of 1.87.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.01 per share. The ex-dividend date is Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.38%. Pebblebrook Hotel Trust’s dividend payout ratio is currently -9.30%.

Wall Street Analyst Weigh In

PEB has been the topic of several recent research reports. Wedbush cut Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 target price on the stock. in a research report on Thursday, January 2nd. StockNews.com cut Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, March 5th. Truist Financial dropped their target price on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. Compass Point cut Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $17.00 to $15.00 in a research report on Monday, March 10th. Finally, Stifel Nicolaus raised Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and raised their price objective for the stock from $14.75 to $15.00 in a research report on Friday, November 22nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $13.86.

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.