William Blair Investment Management LLC Boosts Stake in Pebblebrook Hotel Trust (NYSE:PEB)

William Blair Investment Management LLC increased its position in Pebblebrook Hotel Trust (NYSE:PEB) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,159,201 shares of the real estate investment trust’s stock after buying an additional 49,183 shares during the period. William Blair Investment Management LLC owned 1.80% of Pebblebrook Hotel Trust worth $29,257,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in PEB. Nordea Investment Management AB increased its stake 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 acquiring an additional 354,116 shares during the last quarter. Fisher Asset Management LLC increased its stake in Pebblebrook Hotel Trust by 5.9% during the fourth quarter. Fisher Asset Management LLC now owns 572,994 shares of the real estate investment trust’s stock worth $7,764,000 after acquiring an additional 31,677 shares during the last quarter. Entropy Technologies LP increased its stake 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 acquiring an additional 26,487 shares during the last quarter. Atom Investors LP bought a new stake in Pebblebrook Hotel Trust during the third quarter worth approximately $1,363,000. Finally, PEAK6 Investments LLC bought a new stake in Pebblebrook Hotel Trust during the third quarter worth approximately $884,000.

Analysts Set New Price Targets

Several equities research analysts have weighed in on PEB shares. Compass Point cut Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $17.00 to $15.00 in a research note on Monday, March 10th. StockNews.com cut Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, March 5th. Raymond James set a $14.00 target price on Pebblebrook Hotel Trust and gave the company an “outperform” rating in a research note on Thursday, February 27th. Wells Fargo & Company cut their target price on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. Finally, Wedbush cut Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 target price on the stock. in a research note on Thursday, January 2nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $13.86.

Pebblebrook Hotel Trust Stock Down 3.4 %

Shares of NYSE:PEB opened at $10.53 on Wednesday. Pebblebrook Hotel Trust has a 52-week low of $10.31 and a 52-week high of $16.19. The stock has a market cap of $1.26 billion, a P/E ratio of -36.29, a price-to-earnings-growth ratio of 0.60 and a beta of 1.87. The business’s 50 day moving average is $12.53 and its 200 day moving average is $12.98. 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 Announces Dividend

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

Pebblebrook Hotel Trust Company 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.