Centersquare Investment Management LLC Has $25.47 Million Stock Position in Pebblebrook Hotel Trust (NYSE:PEB)

Centersquare Investment Management LLC raised its position in Pebblebrook Hotel Trust (NYSE:PEB) by 2,448.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,879,327 shares of the real estate investment trust’s stock after purchasing an additional 1,805,597 shares during the quarter. Centersquare Investment Management LLC owned approximately 1.57% of Pebblebrook Hotel Trust worth $25,465,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of PEB. Cinctive Capital Management LP bought a new stake in shares of Pebblebrook Hotel Trust in the 4th quarter valued at approximately $4,844,000. Alliancebernstein L.P. grew its position in Pebblebrook Hotel Trust by 3.4% in the fourth quarter. Alliancebernstein L.P. now owns 161,726 shares of the real estate investment trust’s stock worth $2,191,000 after acquiring an additional 5,246 shares in the last quarter. 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. Palogic Value Management L.P. raised its holdings in shares of Pebblebrook Hotel Trust by 11.5% during the 4th quarter. Palogic Value Management L.P. now owns 194,000 shares of the real estate investment trust’s stock valued at $2,629,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of Pebblebrook Hotel Trust by 6.7% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 159,400 shares of the real estate investment trust’s stock valued at $2,160,000 after purchasing an additional 10,000 shares during the last quarter.

Pebblebrook Hotel Trust Stock Down 10.6 %

PEB opened at $9.38 on Friday. The business has a 50 day moving average of $11.76 and a 200-day moving average of $12.78. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of -32.33, a P/E/G ratio of 0.60 and a beta of 1.87. 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 has a 1-year low of $9.24 and a 1-year high of $16.06.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Monday, March 31st. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -9.30%.

Wall Street Analyst Weigh In

Several equities analysts have commented on PEB shares. Compass Point downgraded shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $17.00 to $15.00 in a research report on Monday, March 10th. Wedbush downgraded Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price objective on the stock. in a research note on Thursday, January 2nd. Truist Financial reduced their target price on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. StockNews.com downgraded Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Wednesday, March 5th. Finally, Raymond James set a $14.00 price objective on shares of 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’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target 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.