Van ECK Associates Corp Grows Stock Holdings in Pebblebrook Hotel Trust (NYSE:PEB)

Van ECK Associates Corp raised its position in Pebblebrook Hotel Trust (NYSE:PEB) by 12.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,523 shares of the real estate investment trust’s stock after purchasing an additional 2,253 shares during the period. Van ECK Associates Corp’s holdings in Pebblebrook Hotel Trust were worth $247,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of PEB. Texas Permanent School Fund Corp boosted its holdings in Pebblebrook Hotel Trust by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 105,462 shares of the real estate investment trust’s stock valued at $1,625,000 after purchasing an additional 1,413 shares during the period. SG Americas Securities LLC boosted its holdings in Pebblebrook Hotel Trust by 350.3% in the 1st quarter. SG Americas Securities LLC now owns 56,913 shares of the real estate investment trust’s stock valued at $877,000 after purchasing an additional 44,273 shares during the period. ProShare Advisors LLC boosted its holdings in Pebblebrook Hotel Trust by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 24,014 shares of the real estate investment trust’s stock valued at $370,000 after purchasing an additional 1,661 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in shares of Pebblebrook Hotel Trust by 23.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 42,717 shares of the real estate investment trust’s stock worth $600,000 after acquiring an additional 8,020 shares during the last quarter. Finally, Centersquare Investment Management LLC bought a new stake in shares of Pebblebrook Hotel Trust during the 1st quarter worth $445,000.

Insider Buying and Selling at Pebblebrook Hotel Trust

In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz sold 11,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $21.37, for a total value of $235,070.00. Following the transaction, the chief executive officer now owns 1,349,284 shares in the company, valued at approximately $28,834,199.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.40% of the company’s stock.

Pebblebrook Hotel Trust Stock Performance

Pebblebrook Hotel Trust stock opened at $12.67 on Thursday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $1.52 billion, a PE ratio of -44.03, a P/E/G ratio of 0.60 and a beta of 1.85. The firm has a fifty day simple moving average of $12.86 and a two-hundred day simple moving average of $13.38. Pebblebrook Hotel Trust has a twelve month low of $11.65 and a twelve month high of $16.65.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date was Monday, September 30th. Pebblebrook Hotel Trust’s payout ratio is -13.79%.

Wall Street Analysts Forecast Growth

PEB has been the subject of a number of research analyst reports. Truist Financial dropped their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating for the company in a report on Monday, October 28th. StockNews.com downgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Robert W. Baird dropped their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Finally, Wells Fargo & Company dropped their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Friday, September 13th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $14.30.

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.