Pebblebrook Hotel Trust (NYSE:PEB) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp boosted its stake in Pebblebrook Hotel Trust (NYSE:PEB) by 11.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,302 shares of the real estate investment trust’s stock after buying an additional 2,575 shares during the period. Stifel Financial Corp’s holdings in Pebblebrook Hotel Trust were worth $335,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Quadrature Capital Ltd acquired a new stake in shares of Pebblebrook Hotel Trust in the 3rd quarter worth about $185,000. Heitman Real Estate Securities LLC raised its holdings in shares of Pebblebrook Hotel Trust by 4.7% during the third quarter. Heitman Real Estate Securities LLC now owns 89,527 shares of the real estate investment trust’s stock valued at $1,184,000 after buying an additional 4,033 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Pebblebrook Hotel Trust by 4.0% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 950,475 shares of the real estate investment trust’s stock worth $12,575,000 after buying an additional 36,270 shares during the period. Holocene Advisors LP bought a new position in Pebblebrook Hotel Trust in the 3rd quarter worth approximately $166,000. Finally, Atom Investors LP acquired a new stake in Pebblebrook Hotel Trust in the 3rd quarter valued at approximately $1,363,000.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Wells Fargo & Company boosted their price target on Pebblebrook Hotel Trust from $14.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Monday, December 9th. Stifel Nicolaus upgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and increased their target price for the company from $14.75 to $15.00 in a research report on Friday, November 22nd. Truist Financial dropped their price target on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating on the stock in a research report on Monday, October 28th. Compass Point upgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Thursday, November 21st. Finally, StockNews.com cut Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $14.92.

Pebblebrook Hotel Trust Stock Down 2.0 %

PEB stock opened at $13.58 on Friday. The firm has a market cap of $1.63 billion, a PE ratio of -46.83, a P/E/G ratio of 0.69 and a beta of 1.87. Pebblebrook Hotel Trust has a 12 month low of $11.65 and a 12 month high of $16.65. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a 50 day simple moving average of $13.32 and a 200 day simple moving average of $13.24.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.29%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -13.79%.

Insider Transactions at Pebblebrook Hotel Trust

In related news, CEO Jon E. Bortz sold 11,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $21.37, for a total value of $235,070.00. Following the completion of the transaction, the chief executive officer now owns 1,349,284 shares of the company’s stock, valued at approximately $28,834,199.08. This trade represents a 0.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jon E. Bortz bought 13,000 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were purchased at an average cost of $12.68 per share, for a total transaction of $164,840.00. Following the completion of the purchase, the chief executive officer now owns 1,395,284 shares in the company, valued at approximately $17,692,201.12. This trade represents a 0.94 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.40% of the company’s stock.

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.