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

Y Intercept Hong Kong Ltd purchased a new stake in shares of Pebblebrook Hotel Trust (NYSE:PEB) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 26,391 shares of the real estate investment trust’s stock, valued at approximately $358,000.

Other hedge funds have also bought and sold shares of the company. Asset Management One Co. Ltd. lifted its holdings in Pebblebrook Hotel Trust by 0.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 174,841 shares of the real estate investment trust’s stock worth $2,313,000 after purchasing an additional 866 shares in the last quarter. FMR LLC grew its stake in Pebblebrook Hotel Trust by 10.8% during the third 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. Atria Investments Inc boosted its stake in Pebblebrook Hotel Trust by 2.2% during the third quarter. Atria Investments Inc now owns 40,897 shares of the real estate investment trust’s stock valued at $541,000 after buying an additional 889 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Pebblebrook Hotel Trust by 35.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,677 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 1,212 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake 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 acquiring an additional 1,402 shares during the last quarter.

Pebblebrook Hotel Trust Stock Performance

PEB opened at $12.28 on Tuesday. The company has a 50 day simple moving average of $13.03 and a two-hundred day simple moving average of $13.12. The firm has a market cap of $1.47 billion, a P/E ratio of -42.34, a PEG ratio of 0.60 and a beta of 1.85. Pebblebrook Hotel Trust has a 1-year low of $11.47 and a 1-year high of $16.61. 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 Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.33%. Pebblebrook Hotel Trust’s dividend payout ratio is -9.30%.

Wall Street Analysts Forecast Growth

PEB has been the subject of a number of recent research reports. StockNews.com upgraded shares of Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th. Wells Fargo & Company reduced 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 report on Tuesday, February 18th. 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. Raymond James set a $14.00 target price on Pebblebrook Hotel Trust and gave the stock an “outperform” rating in a report on Thursday. Finally, Compass Point upgraded Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target 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.