Pebblebrook Hotel Trust (NYSE:PEB) Position Boosted by Nomura Holdings Inc.

Nomura Holdings Inc. grew its stake in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 44.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 513,190 shares of the real estate investment trust’s stock after acquiring an additional 157,637 shares during the period. Nomura Holdings Inc. owned 0.43% of Pebblebrook Hotel Trust worth $8,201,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Principal Securities Inc. bought a new position in Pebblebrook Hotel Trust during the fourth quarter valued at about $64,000. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Pebblebrook Hotel Trust during the 3rd quarter valued at about $148,000. Quest Partners LLC acquired a new position in shares of Pebblebrook Hotel Trust during the 4th quarter valued at about $157,000. Van ECK Associates Corp raised its stake in shares of Pebblebrook Hotel Trust by 17.1% in the 4th quarter. Van ECK Associates Corp now owns 16,665 shares of the real estate investment trust’s stock valued at $266,000 after acquiring an additional 2,438 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in Pebblebrook Hotel Trust in the 4th quarter worth approximately $266,000.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PEB. StockNews.com lowered shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Thursday, May 2nd. Compass Point reiterated a “neutral” rating and issued a $17.00 target price on shares of Pebblebrook Hotel Trust in a report on Thursday, March 28th. Finally, Truist Financial dropped their price objective on Pebblebrook Hotel Trust from $16.00 to $15.00 and set a “hold” rating on the stock in a research note on Thursday, May 30th. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $14.56.

Insider Buying and Selling at Pebblebrook Hotel Trust

In related news, CEO Jon E. Bortz bought 17,000 shares of the company’s stock in a transaction dated Thursday, May 30th. The stock was acquired at an average cost of $13.67 per share, with a total value of $232,390.00. Following the acquisition, the chief executive officer now owns 1,208,284 shares in the company, valued at approximately $16,517,242.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.60% of the company’s stock.

Pebblebrook Hotel Trust Stock Down 0.8 %

PEB opened at $13.92 on Wednesday. The stock’s 50 day simple moving average is $14.54 and its 200-day simple moving average is $15.17. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.46 and a current ratio of 0.46. Pebblebrook Hotel Trust has a 1 year low of $11.39 and a 1 year high of $16.65.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.48). Pebblebrook Hotel Trust had a negative net margin of 5.84% and a negative return on equity of 2.88%. The business had revenue of $314.10 million during the quarter, compared to analyst estimates of $304.34 million. During the same quarter in the prior year, the company posted $0.18 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, analysts expect that Pebblebrook Hotel Trust will post 1.47 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend is Friday, June 28th. Pebblebrook Hotel Trust’s payout ratio is -3.92%.

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.