2 weeks Ago By ABMN Staff
Federated Hermes Inc. lowered its stake in Pebblebrook Hotel Trust ( NYSE:PEB – Free Report ) by 27.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 8,000 shares of the real estate investment trust’s stock after selling 3,000 shares during the period. Federated Hermes Inc.’s holdings in Pebblebrook Hotel Trust were worth $108,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Centersquare Investment Management LLC raised its position in shares of Pebblebrook Hotel Trust by 2,448.9% in 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 acquiring an additional 1,805,597 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC bought a new position in shares of Pebblebrook Hotel Trust in the 4th quarter worth $13,788,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Pebblebrook Hotel Trust by 82.
8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,399,856 shares of the real estate investment trust’s stock valued at $18,968,000 after buying an additional 633,881 shares during the last quarter. Cinctive Capital Management LP acquired a new position in Pebblebrook Hotel Trust during the 4th quarter valued at about $4,844,000.
Finally, Nordea Investment Management AB grew its holdings in Pebblebrook Hotel Trust by 90.2% during the fourth quarter. Nordea Investment Management AB now owns 746,763 shares of the real estate investment trust’s stock worth $10,193,000 after buying an additional 354,116 shares in the last quarter.
Wall Street Analysts Forecast Growth Several equities research analysts have commented on PEB shares. 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 research note on Tuesday, February 18th. Wedbush cut 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 research note on Thursday, January 2nd. StockNews.com downgraded Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, March 5th.
Truist Financial cut 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, Raymond James set a $14.00 price objective on Pebblebrook Hotel Trust and gave the stock an “outperform” rating in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company.
According to MarketBeat, the company has an average rating of “Hold” and an average target price of $13.61. Pebblebrook Hotel Trust Stock Performance NYSE PEB opened at $8.
69 on Friday. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of -29.
95, a PEG ratio of 0.60 and a beta of 1.69.
The company has a 50-day simple moving average of $10.56 and a two-hundred day simple moving average of $12.33.
The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.
78. Pebblebrook Hotel Trust has a 12-month low of $7.41 and a 12-month high of $16.
06. Pebblebrook Hotel Trust Announces Dividend The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.
01 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.
04 dividend on an annualized basis and a yield of 0.46%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is currently -9.
30%. About Pebblebrook Hotel Trust ( Free Report ) 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.
See Also Want to see what other hedge funds are holding PEB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pebblebrook Hotel Trust ( NYSE:PEB – Free Report ). Receive News & Ratings for Pebblebrook Hotel Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pebblebrook Hotel Trust and related companies with MarketBeat.
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