Pebblebrook Hotel Trust (NYSE:PEB) Shares Sold by M&T Bank Corp

M&T Bank Corp cut its holdings in Pebblebrook Hotel Trust (NYSE:PEB) by 10.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,137 shares of the real estate investment trust’s stock after selling 1,128 shares during the quarter. M&T Bank Corp’s holdings in Pebblebrook Hotel Trust were worth $137,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. FMR LLC increased its stake in 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 valued at $120,000 after purchasing an additional 884 shares during the period. FORA Capital LLC acquired a new position in Pebblebrook Hotel Trust in the third quarter valued at $133,000. Metis Global Partners LLC acquired a new position in Pebblebrook Hotel Trust in the third quarter valued at $164,000. Holocene Advisors LP acquired a new position in Pebblebrook Hotel Trust in the third quarter valued at $166,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Pebblebrook Hotel Trust during the third quarter worth about $185,000.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PEB. Truist Financial dropped their price target 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. Wells Fargo & Company dropped their price target 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. Raymond James set a $14.00 price target on shares of Pebblebrook Hotel Trust and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Compass Point lowered shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $17.00 to $15.00 in a research note on Monday, March 10th. Finally, StockNews.com lowered shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $13.86.

Pebblebrook Hotel Trust Trading Up 2.4 %

Shares of PEB opened at $10.72 on Friday. 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’s 50-day moving average is $12.63 and its two-hundred day moving average is $13.02. Pebblebrook Hotel Trust has a twelve month low of $10.31 and a twelve month high of $16.19. The firm has a market capitalization of $1.28 billion, a P/E ratio of -36.97, a PEG ratio of 0.60 and a beta of 1.87.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend is Monday, March 31st. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -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.