Farringdon Capital Ltd. Makes New $331,000 Investment in Pebblebrook Hotel Trust (NYSE:PEB)

Farringdon Capital Ltd. purchased a new stake in Pebblebrook Hotel Trust (NYSE:PEB) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 24,443 shares of the real estate investment trust’s stock, valued at approximately $331,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in PEB. Quadrant Capital Group LLC grew its stake in shares of Pebblebrook Hotel Trust by 100.2% during the fourth quarter. Quadrant Capital Group LLC now owns 2,644 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 1,323 shares during the last quarter. Sterling Capital Management LLC grew its position in Pebblebrook Hotel Trust by 815.6% during the 4th quarter. Sterling Capital Management LLC now owns 3,763 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 3,352 shares during the last quarter. FMR LLC increased its holdings in Pebblebrook Hotel Trust by 10.8% in the 3rd quarter. FMR LLC now owns 9,069 shares of the real estate investment trust’s stock worth $120,000 after purchasing an additional 884 shares in the last quarter. Cibc World Markets Corp acquired a new stake in shares of Pebblebrook Hotel Trust during the fourth quarter valued at about $151,000. Finally, Optimize Financial Inc bought a new stake in shares of Pebblebrook Hotel Trust during the fourth quarter worth about $158,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Stifel Nicolaus cut their target price on shares of Pebblebrook Hotel Trust from $16.50 to $13.25 and set a “buy” rating on the stock in a research report on Wednesday. Raymond James set a $14.00 price objective on Pebblebrook Hotel Trust and gave the company an “outperform” rating in a report on Thursday, February 27th. Compass Point downgraded Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and cut their target price for the stock from $17.00 to $15.00 in a report on Monday, March 10th. Wells Fargo & Company decreased their price target on 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. 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 report on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $13.61.

Pebblebrook Hotel Trust Trading Up 2.2 %

NYSE PEB opened at $8.69 on Friday. Pebblebrook Hotel Trust has a one year low of $7.41 and a one year high of $16.06. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81. The business has a 50 day simple moving average of $10.56 and a 200 day simple moving average of $12.33. The stock has a market capitalization of $1.03 billion, a P/E ratio of -29.95, a P/E/G ratio of 0.60 and a beta of 1.69.

Pebblebrook Hotel Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.01 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.46%. Pebblebrook Hotel Trust’s dividend payout ratio is currently -9.30%.

About Pebblebrook Hotel Trust

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.