Pebblebrook Hotel Trust (NYSE:PEB) Shares Purchased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. boosted its stake in Pebblebrook Hotel Trust (NYSE:PEB) by 38.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,963,388 shares of the real estate investment trust’s stock after purchasing an additional 541,573 shares during the period. D. E. Shaw & Co. Inc. owned about 1.63% of Pebblebrook Hotel Trust worth $26,997,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in Pebblebrook Hotel Trust by 707.8% in the 2nd quarter. Blue Trust Inc. now owns 11,116 shares of the real estate investment trust’s stock valued at $153,000 after purchasing an additional 9,740 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Pebblebrook Hotel Trust by 7.1% in the second quarter. Van ECK Associates Corp now owns 18,270 shares of the real estate investment trust’s stock worth $251,000 after acquiring an additional 1,215 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of Pebblebrook Hotel Trust in the fourth quarter worth $266,000. ProShare Advisors LLC grew its stake in shares of Pebblebrook Hotel Trust by 7.4% in the first quarter. ProShare Advisors LLC now owns 24,014 shares of the real estate investment trust’s stock worth $370,000 after acquiring an additional 1,661 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of Pebblebrook Hotel Trust in the second quarter worth $399,000.

Insider Activity at Pebblebrook Hotel Trust

In related news, CEO Jon E. Bortz purchased 22,000 shares of Pebblebrook Hotel Trust stock in a transaction that occurred on Tuesday, August 13th. The stock was purchased at an average cost of $12.21 per share, with a total value of $268,620.00. Following the completion of the transaction, the chief executive officer now directly owns 1,341,284 shares in the company, valued at $16,377,077.64. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz bought 66,000 shares of Pebblebrook Hotel Trust stock in a transaction dated Monday, August 5th. The stock was acquired at an average cost of $11.98 per share, with a total value of $790,680.00. Following the completion of the acquisition, the chief executive officer now owns 1,319,284 shares of the company’s stock, valued at $15,805,022.32. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jon E. Bortz bought 22,000 shares of Pebblebrook Hotel Trust stock in a transaction dated Tuesday, August 13th. The stock was acquired at an average cost of $12.21 per share, with a total value of $268,620.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,341,284 shares of the company’s stock, valued at approximately $16,377,077.64. The disclosure for this purchase can be found here. 2.40% of the stock is owned by corporate insiders.

Pebblebrook Hotel Trust Price Performance

Pebblebrook Hotel Trust stock opened at $13.55 on Friday. The stock has a market cap of $1.63 billion, a P/E ratio of -13.28, a price-to-earnings-growth ratio of 0.66 and a beta of 1.84. The company has a fifty day simple moving average of $13.07 and a 200-day simple moving average of $14.01. Pebblebrook Hotel Trust has a 12-month low of $11.39 and a 12-month high of $16.65. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.78.

Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.42). Pebblebrook Hotel Trust had a negative return on equity of 3.40% and a negative net margin of 6.75%. The firm had revenue of $397.11 million for the quarter, compared to analysts’ expectations of $396.29 million. During the same period last year, the firm posted $0.62 earnings per share. Pebblebrook Hotel Trust’s revenue for the quarter was up 3.3% on a year-over-year basis. Equities analysts expect that Pebblebrook Hotel Trust will post 1.51 EPS for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.01 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.30%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -3.92%.

Wall Street Analysts Forecast Growth

Several research firms have commented on PEB. Wells Fargo & Company dropped their price target on shares of Pebblebrook Hotel Trust from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Friday, September 13th. StockNews.com downgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $13.92.

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.