Pebblebrook Hotel Trust (NYSE:PEB) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. trimmed its holdings in Pebblebrook Hotel Trust (NYSE:PEB) by 2.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,402,970 shares of the real estate investment trust’s stock after selling 401,977 shares during the quarter. Vanguard Group Inc. owned approximately 16.13% of Pebblebrook Hotel Trust worth $310,059,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Pebblebrook Hotel Trust in the fourth quarter valued at approximately $8,798,000. Envestnet Asset Management Inc. raised its position in Pebblebrook Hotel Trust by 81.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 582,908 shares of the real estate investment trust’s stock worth $7,922,000 after buying an additional 262,200 shares during the last quarter. Phocas Financial Corp. lifted its stake in shares of Pebblebrook Hotel Trust by 437.3% in the 4th quarter. Phocas Financial Corp. now owns 220,570 shares of the real estate investment trust’s stock worth $3,525,000 after acquiring an additional 179,518 shares during the period. Jump Financial LLC boosted its holdings in shares of Pebblebrook Hotel Trust by 241.7% in the fourth quarter. Jump Financial LLC now owns 234,076 shares of the real estate investment trust’s stock valued at $3,741,000 after acquiring an additional 165,576 shares in the last quarter. Finally, Nomura Holdings Inc. increased its stake in shares of Pebblebrook Hotel Trust by 44.3% during the fourth quarter. Nomura Holdings Inc. now owns 513,190 shares of the real estate investment trust’s stock worth $8,201,000 after acquiring an additional 157,637 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. StockNews.com lowered Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Thursday, May 2nd. Compass Point reaffirmed a “neutral” rating and set a $17.00 price objective on shares of Pebblebrook Hotel Trust in a report on Thursday, March 28th. Finally, Truist Financial reduced 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. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $14.56.

Insider Transactions at Pebblebrook Hotel Trust

In related news, Director Phillip M. Miller sold 3,500 shares of the stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $13.29, for a total transaction of $46,515.00. Following the sale, the director now owns 13,098 shares of the company’s stock, valued at $174,072.42. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Phillip M. Miller sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $13.29, for a total transaction of $46,515.00. Following the transaction, the director now owns 13,098 shares of the company’s stock, valued at $174,072.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jon E. Bortz bought 17,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were purchased at an average price of $13.67 per share, for a total transaction of $232,390.00. Following the transaction, the chief executive officer now owns 1,208,284 shares of the company’s stock, valued at approximately $16,517,242.28. The disclosure for this purchase can be found here. Insiders own 2.40% of the company’s stock.

Pebblebrook Hotel Trust Trading Up 1.9 %

NYSE:PEB opened at $13.75 on Friday. Pebblebrook Hotel Trust has a 52-week low of $11.39 and a 52-week high of $16.65. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.78. The stock has a fifty day simple moving average of $14.34 and a 200-day simple moving average of $15.17. The company has a market capitalization of $1.66 billion, a PE ratio of -13.48, a price-to-earnings-growth ratio of 0.65 and a beta of 1.82.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its earnings results on Tuesday, April 23rd. The real estate investment trust reported ($0.32) earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $304.34 million. During the same quarter last year, the business posted $0.18 earnings per share. The business’s revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts expect that Pebblebrook Hotel Trust will post 1.48 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

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

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.