Pebblebrook Hotel Trust (NYSE:PEB) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its position in Pebblebrook Hotel Trust (NYSE:PEB) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 177,178 shares of the real estate investment trust’s stock after acquiring an additional 2,337 shares during the period. Asset Management One Co. Ltd. owned approximately 0.15% of Pebblebrook Hotel Trust worth $2,406,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Pebblebrook Hotel Trust by 35.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,677 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 1,212 shares in the last quarter. abrdn plc lifted its stake in Pebblebrook Hotel Trust by 10.2% in the third quarter. abrdn plc now owns 24,579 shares of the real estate investment trust’s stock valued at $325,000 after acquiring an additional 2,281 shares during the last quarter. Van ECK Associates Corp increased its position in Pebblebrook Hotel Trust by 12.3% during the third quarter. Van ECK Associates Corp now owns 20,523 shares of the real estate investment trust’s stock worth $247,000 after buying an additional 2,253 shares during the last quarter. Atria Investments Inc increased its holdings in shares of Pebblebrook Hotel Trust by 2.2% during the 3rd quarter. Atria Investments Inc now owns 40,897 shares of the real estate investment trust’s stock valued at $541,000 after acquiring an additional 889 shares during the last quarter. Finally, Covestor Ltd increased its holdings in shares of Pebblebrook Hotel Trust by 80.1% during the 3rd quarter. Covestor Ltd now owns 4,471 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 1,989 shares during the last quarter.

Analyst Ratings Changes

A number of research firms have issued reports on PEB. Wedbush lowered Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 target price on the stock. in a report on Thursday, January 2nd. Robert W. Baird cut their target price on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Stifel Nicolaus upgraded Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and raised their target price for the stock from $14.75 to $15.00 in a research report on Friday, November 22nd. Compass Point raised Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 price target for the company in a report on Thursday, November 21st. Finally, Wells Fargo & Company lowered their target price on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, Pebblebrook Hotel Trust has an average rating of “Hold” and an average price target of $14.17.

Pebblebrook Hotel Trust Stock Performance

PEB stock opened at $12.54 on Thursday. The business’s 50-day moving average price is $13.35 and its two-hundred day moving average price is $13.13. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. The firm has a market cap of $1.50 billion, a PE ratio of -43.23, a P/E/G ratio of 0.58 and a beta of 1.85. Pebblebrook Hotel Trust has a 1-year low of $11.65 and a 1-year high of $16.65.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.01 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.04 annualized dividend and a yield of 0.32%. Pebblebrook Hotel Trust’s dividend payout ratio is presently -13.79%.

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.