Captrust Financial Advisors Sells 7,946 Shares of Pebblebrook Hotel Trust (NYSE:PEB)

Captrust Financial Advisors decreased its holdings in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 27.0% in the fourth quarter, Holdings Channel reports. The firm owned 21,467 shares of the real estate investment trust’s stock after selling 7,946 shares during the quarter. Captrust Financial Advisors’ holdings in Pebblebrook Hotel Trust were worth $291,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Centersquare Investment Management LLC raised its holdings in Pebblebrook Hotel Trust by 2,448.9% during the 4th quarter. Centersquare Investment Management LLC now owns 1,879,327 shares of the real estate investment trust’s stock worth $25,465,000 after purchasing an additional 1,805,597 shares during the last quarter. Alyeska Investment Group L.P. lifted its position in Pebblebrook Hotel Trust by 43.3% in the 4th quarter. Alyeska Investment Group L.P. now owns 4,167,770 shares of the real estate investment trust’s stock valued at $56,473,000 after acquiring an additional 1,260,077 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC bought a new stake in Pebblebrook Hotel Trust during the 4th quarter worth about $13,788,000. Landmark Investment Partners L.P. acquired a new position in shares of Pebblebrook Hotel Trust during the 4th quarter worth about $13,075,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Pebblebrook Hotel Trust by 82.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,399,856 shares of the real estate investment trust’s stock worth $18,968,000 after purchasing an additional 633,881 shares during the last quarter.

Pebblebrook Hotel Trust Price Performance

Shares of NYSE:PEB opened at $9.62 on Wednesday. The company has a 50 day moving average of $9.47 and a 200 day moving average of $11.84. The stock has a market cap of $1.14 billion, a P/E ratio of -33.17, a P/E/G ratio of 0.60 and a beta of 1.80. Pebblebrook Hotel Trust has a 12 month low of $7.41 and a 12 month high of $15.33. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. The business had revenue of $320.27 million during the quarter, compared to analyst estimates of $311.74 million. Pebblebrook Hotel Trust had a net margin of 0.25% and a return on equity of 0.13%. Pebblebrook Hotel Trust’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.21 earnings per share. As a group, sell-side analysts forecast that Pebblebrook Hotel Trust will post 1.5 EPS for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.01 per share. The ex-dividend date was Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.42%. Pebblebrook Hotel Trust’s dividend payout ratio is currently -8.33%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on PEB shares. Wedbush set a $9.00 price objective on shares of Pebblebrook Hotel Trust and gave the company an “underperform” rating in a report on Tuesday, May 6th. Stifel Nicolaus decreased their price target on shares of Pebblebrook Hotel Trust from $16.50 to $13.25 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Evercore ISI decreased their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $11.00 and set an “in-line” rating for the company in a research report on Monday, April 28th. Truist Financial reduced their price target on shares of Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. Finally, StockNews.com lowered shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.78.

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.