Quantbot Technologies LP Has $1.08 Million Holdings in Pebblebrook Hotel Trust (NYSE:PEB)

Quantbot Technologies LP trimmed its position in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 40.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,529 shares of the real estate investment trust’s stock after selling 54,956 shares during the period. Quantbot Technologies LP owned approximately 0.07% of Pebblebrook Hotel Trust worth $1,078,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of PEB. FMR LLC boosted its holdings 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 in the last quarter. Public Employees Retirement System of Ohio raised its position in Pebblebrook Hotel Trust by 0.7% in the third quarter. Public Employees Retirement System of Ohio now owns 191,009 shares of the real estate investment trust’s stock valued at $2,527,000 after purchasing an additional 1,402 shares during the last quarter. Metis Global Partners LLC boosted its stake in shares of 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 valued at $187,000 after purchasing an additional 1,412 shares in the last quarter. Swiss National Bank boosted its stake in shares of 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 valued at $3,212,000 after purchasing an additional 1,700 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Pebblebrook Hotel Trust by 2.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 83,899 shares of the real estate investment trust’s stock worth $1,137,000 after purchasing an additional 1,918 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on PEB shares. Wedbush downgraded shares of 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. Compass Point lowered shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and cut their price target for the stock from $17.00 to $15.00 in a report on Monday, March 10th. Wells Fargo & Company reduced 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 research note on Tuesday, February 18th. Truist Financial lowered their target price 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. Finally, Raymond James set a $14.00 price target on Pebblebrook Hotel Trust and gave the company an “outperform” rating in a research report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Pebblebrook Hotel Trust presently has a consensus rating of “Hold” and an average target price of $13.86.

Pebblebrook Hotel Trust Stock Performance

Shares of PEB stock opened at $10.53 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. The firm has a fifty day simple moving average of $12.27 and a two-hundred day simple moving average of $12.90. Pebblebrook Hotel Trust has a 12 month low of $9.97 and a 12 month high of $16.06. The firm has a market capitalization of $1.26 billion, a PE ratio of -36.31, a price-to-earnings-growth ratio of 0.60 and a beta of 1.87.

Pebblebrook Hotel Trust Dividend Announcement

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

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.