Quantbot Technologies LP Sells 54,956 Shares of Pebblebrook Hotel Trust (NYSE:PEB)

Quantbot Technologies LP cut its stake in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 40.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 79,529 shares of the real estate investment trust’s stock after selling 54,956 shares during the period. Quantbot Technologies LP’s holdings in Pebblebrook Hotel Trust were worth $1,078,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of PEB. FMR LLC boosted its holdings 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 worth $120,000 after purchasing an additional 884 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Pebblebrook Hotel Trust by 0.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 191,009 shares of the real estate investment trust’s stock worth $2,527,000 after buying an additional 1,402 shares in the last quarter. Metis Global Partners LLC boosted its stake in shares of Pebblebrook Hotel Trust by 11.4% in the 4th quarter. Metis Global Partners LLC now owns 13,823 shares of the real estate investment trust’s stock worth $187,000 after buying an additional 1,412 shares during the last quarter. Swiss National Bank boosted its stake in shares of Pebblebrook Hotel Trust by 0.7% in the 4th quarter. Swiss National Bank now owns 237,012 shares of the real estate investment trust’s stock worth $3,212,000 after buying an additional 1,700 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position 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 valued at $1,137,000 after acquiring an additional 1,918 shares during the last quarter.

Pebblebrook Hotel Trust Price Performance

Shares of NYSE:PEB opened at $10.53 on Wednesday. The firm has a market capitalization of $1.26 billion, a PE ratio of -36.31, a P/E/G ratio of 0.60 and a beta of 1.87. 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 company has a 50-day moving average price of $12.27 and a two-hundred day moving average price of $12.90. Pebblebrook Hotel Trust has a twelve month low of $9.97 and a twelve month high of $16.06.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.38%. The ex-dividend date is Monday, March 31st. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -9.30%.

Analysts Set New Price Targets

Several research analysts have weighed in on PEB shares. Truist Financial cut their price objective 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. StockNews.com downgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Wednesday, March 5th. Wells Fargo & Company decreased their price objective on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. Compass Point cut shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and dropped their target price for the company from $17.00 to $15.00 in a research note on Monday, March 10th. Finally, Wedbush downgraded shares of 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. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $13.86.

Pebblebrook Hotel Trust 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.