Goldman Sachs Group Inc. Lowers Stock Holdings in Pebblebrook Hotel Trust (NYSE:PEB)

Goldman Sachs Group Inc. reduced its position in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 19.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,007,700 shares of the real estate investment trust’s stock after selling 474,655 shares during the period. Goldman Sachs Group Inc. owned about 1.67% of Pebblebrook Hotel Trust worth $32,083,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its position in shares of Pebblebrook Hotel Trust by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,206,660 shares of the real estate investment trust’s stock worth $35,262,000 after buying an additional 18,325 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Pebblebrook Hotel Trust by 81.8% in the third quarter. Envestnet Asset Management Inc. now owns 582,908 shares of the real estate investment trust’s stock valued at $7,922,000 after purchasing an additional 262,200 shares during the period. Norges Bank purchased a new position in Pebblebrook Hotel Trust in the fourth quarter valued at $8,798,000. Nomura Holdings Inc. boosted its holdings in Pebblebrook Hotel Trust by 44.3% in the fourth quarter. Nomura Holdings Inc. now owns 513,190 shares of the real estate investment trust’s stock valued at $8,201,000 after purchasing an additional 157,637 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in Pebblebrook Hotel Trust by 54.9% in the fourth quarter. Nordea Investment Management AB now owns 317,276 shares of the real estate investment trust’s stock valued at $5,122,000 after purchasing an additional 112,472 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Truist Financial decreased their target price on Pebblebrook Hotel Trust from $16.00 to $15.00 and set a “hold” rating for the company in a report on Thursday, May 30th. StockNews.com lowered Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Thursday, May 2nd. Finally, 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. Three analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $14.56.

Insider Transactions at Pebblebrook Hotel Trust

In other news, CEO Jon E. Bortz bought 17,000 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were acquired at an average price of $13.67 per share, for a total transaction of $232,390.00. Following the completion of the transaction, the chief executive officer now owns 1,208,284 shares of the company’s stock, valued at $16,517,242.28. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.40% of the company’s stock.

Pebblebrook Hotel Trust Stock Down 0.2 %

Shares of NYSE PEB opened at $13.87 on Friday. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of -13.60, a price-to-earnings-growth ratio of 0.67 and a beta of 1.82. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.46 and a quick ratio of 0.46. The business has a 50-day moving average of $14.44 and a two-hundred day moving average of $15.17. 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 posted its earnings results on Tuesday, April 23rd. The real estate investment trust reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.48). Pebblebrook Hotel Trust had a negative return on equity of 2.88% and a negative net margin of 5.84%. The firm had revenue of $314.10 million for the quarter, compared to analyst estimates of $304.34 million. During the same quarter last year, the firm posted $0.18 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts forecast that Pebblebrook Hotel Trust will post 1.47 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend is Friday, June 28th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is currently -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.