Aigen Investment Management LP Purchases New Shares in Pebblebrook Hotel Trust (NYSE:PEB)

Aigen Investment Management LP acquired a new stake in shares of Pebblebrook Hotel Trust (NYSE:PEB) in the 4th quarter, Holdings Channel reports. The firm acquired 13,937 shares of the real estate investment trust’s stock, valued at approximately $189,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Van ECK Associates Corp lifted its holdings in shares of Pebblebrook Hotel Trust by 12.3% in the 3rd quarter. Van ECK Associates Corp now owns 20,523 shares of the real estate investment trust’s stock valued at $247,000 after acquiring an additional 2,253 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in Pebblebrook Hotel Trust by 0.5% during the third quarter. Asset Management One Co. Ltd. now owns 174,841 shares of the real estate investment trust’s stock worth $2,313,000 after acquiring an additional 866 shares during the last quarter. Atria Investments Inc raised its position in Pebblebrook Hotel Trust by 2.2% during the third quarter. Atria Investments Inc now owns 40,897 shares of the real estate investment trust’s stock valued at $541,000 after purchasing an additional 889 shares during the period. Covestor Ltd lifted its stake in shares of Pebblebrook Hotel Trust by 80.1% in the 3rd quarter. Covestor Ltd now owns 4,471 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 1,989 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its stake in shares of Pebblebrook Hotel Trust by 3.4% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 298,787 shares of the real estate investment trust’s stock valued at $3,953,000 after purchasing an additional 9,904 shares during the last quarter.

Pebblebrook Hotel Trust Trading Up 3.8 %

PEB stock opened at $12.11 on Monday. Pebblebrook Hotel Trust has a 12 month low of $11.47 and a 12 month high of $16.44. The firm’s 50-day moving average is $12.88 and its 200 day moving average is $13.09. The company has a market capitalization of $1.45 billion, a PE ratio of -41.77, a P/E/G ratio of 0.60 and a beta of 1.87. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81.

Pebblebrook Hotel Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend was Tuesday, December 31st. Pebblebrook Hotel Trust’s dividend payout ratio is presently -9.30%.

Wall Street Analysts Forecast Growth

PEB has been the topic of several analyst reports. Wedbush downgraded Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 target price on the stock. in a research report on Thursday, January 2nd. Raymond James set a $14.00 price objective on shares of Pebblebrook Hotel Trust and gave the company an “outperform” rating in a research report on Thursday, February 27th. Compass Point upgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 target price for the company in a report on Thursday, November 21st. Stifel Nicolaus upgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and upped their price target for the company from $14.75 to $15.00 in a report on Friday, November 22nd. Finally, Wells Fargo & Company reduced their price objective on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $14.14.

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.