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

Principal Financial Group Inc. decreased its holdings in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 61.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 580,443 shares of the real estate investment trust’s stock after selling 917,330 shares during the period. Principal Financial Group Inc. owned about 0.48% of Pebblebrook Hotel Trust worth $7,865,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Nordea Investment Management AB boosted its holdings in shares of Pebblebrook Hotel Trust by 90.2% in the 4th quarter. Nordea Investment Management AB now owns 746,763 shares of the real estate investment trust’s stock valued at $10,193,000 after buying an additional 354,116 shares during the period. Entropy Technologies LP lifted its holdings in Pebblebrook Hotel Trust by 93.3% in the fourth quarter. Entropy Technologies LP now owns 54,880 shares of the real estate investment trust’s stock worth $744,000 after acquiring an additional 26,487 shares during the last quarter. Atom Investors LP acquired a new position in Pebblebrook Hotel Trust in the third quarter valued at approximately $1,363,000. GSA Capital Partners LLP grew its holdings in shares of Pebblebrook Hotel Trust by 47.4% during the third quarter. GSA Capital Partners LLP now owns 223,654 shares of the real estate investment trust’s stock valued at $2,959,000 after purchasing an additional 71,920 shares during the last quarter. Finally, PEAK6 Investments LLC bought a new position in shares of Pebblebrook Hotel Trust during the third quarter valued at approximately $884,000.

Analyst Upgrades and Downgrades

PEB has been the subject of a number of analyst reports. Stifel Nicolaus upgraded Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and boosted their price objective for the company from $14.75 to $15.00 in a research report on Friday, November 22nd. StockNews.com raised shares of Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th. Truist Financial lowered their price target on shares of Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. Wells Fargo & Company cut their price objective on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Finally, Wedbush cut shares of Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 target price for the company. in a research report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $14.14.

Pebblebrook Hotel Trust Stock Up 0.7 %

PEB stock opened at $12.35 on Friday. The firm’s 50-day moving average is $13.06 and its two-hundred day moving average is $13.11. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of -42.58, a price-to-earnings-growth ratio of 0.60 and a beta of 1.85. Pebblebrook Hotel Trust has a 52 week low of $11.47 and a 52 week high of $16.61. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78.

Pebblebrook Hotel Trust Dividend Announcement

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

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.