Y Intercept Hong Kong Ltd Invests $358,000 in Pebblebrook Hotel Trust (NYSE:PEB)

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

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC purchased a new stake in shares of Pebblebrook Hotel Trust in the fourth quarter valued at approximately $470,000. State of New Jersey Common Pension Fund D grew its holdings in Pebblebrook Hotel Trust by 6.2% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 317,254 shares of the real estate investment trust’s stock worth $4,299,000 after acquiring an additional 18,467 shares in the last quarter. Asset Management One Co. Ltd. increased its position in Pebblebrook Hotel Trust by 1.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 177,178 shares of the real estate investment trust’s stock valued at $2,406,000 after purchasing an additional 2,337 shares during the period. Van ECK Associates Corp increased its position in Pebblebrook Hotel Trust by 10.2% during the 4th quarter. Van ECK Associates Corp now owns 22,619 shares of the real estate investment trust’s stock valued at $306,000 after purchasing an additional 2,096 shares during the period. Finally, Entropy Technologies LP lifted its holdings in Pebblebrook Hotel Trust by 93.3% during the fourth quarter. Entropy Technologies LP now owns 54,880 shares of the real estate investment trust’s stock worth $744,000 after buying an additional 26,487 shares during the period.

Pebblebrook Hotel Trust Stock Down 0.6 %

NYSE PEB opened at $12.28 on Tuesday. Pebblebrook Hotel Trust has a one year low of $11.47 and a one year high of $16.61. The company has a market cap of $1.47 billion, a P/E ratio of -42.34, a P/E/G ratio of 0.60 and a beta of 1.85. The business has a fifty day moving average price of $13.03 and a 200 day moving average price of $13.12. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 0.81.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date was Tuesday, December 31st. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is -9.30%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. 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 for the company in a research note on Tuesday, February 18th. 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 report on Tuesday, February 4th. Wedbush lowered shares of Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price target on the stock. in a report on Thursday, January 2nd. Stifel Nicolaus raised Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and boosted their price target for the company from $14.75 to $15.00 in a report on Friday, November 22nd. Finally, Compass Point upgraded Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $14.14.

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.