Pebblebrook Hotel Trust (NYSE:PEB) Stock Holdings Lowered by Atria Investments Inc

Atria Investments Inc reduced its holdings in Pebblebrook Hotel Trust (NYSE:PEB) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,335 shares of the real estate investment trust’s stock after selling 1,562 shares during the quarter. Atria Investments Inc’s holdings in Pebblebrook Hotel Trust were worth $533,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nordea Investment Management AB increased its position in shares of Pebblebrook Hotel Trust by 90.2% in the fourth quarter. Nordea Investment Management AB now owns 746,763 shares of the real estate investment trust’s stock worth $10,193,000 after acquiring an additional 354,116 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Pebblebrook Hotel Trust by 5.9% in the fourth quarter. Fisher Asset Management LLC now owns 572,994 shares of the real estate investment trust’s stock worth $7,764,000 after acquiring an additional 31,677 shares in the last quarter. Entropy Technologies LP increased its position in shares of 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 in the last quarter. Atom Investors LP purchased a new position in shares of Pebblebrook Hotel Trust in the third quarter worth approximately $1,363,000. Finally, PEAK6 Investments LLC purchased a new position in shares of Pebblebrook Hotel Trust in the third quarter worth approximately $884,000.

Pebblebrook Hotel Trust Price Performance

NYSE PEB opened at $10.72 on Friday. 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 stock has a market capitalization of $1.28 billion, a PE ratio of -36.97, a price-to-earnings-growth ratio of 0.60 and a beta of 1.87. The company has a 50 day moving average price of $12.63 and a two-hundred day moving average price of $13.02. Pebblebrook Hotel Trust has a 12-month low of $10.31 and a 12-month high of $16.19.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date is Monday, March 31st. Pebblebrook Hotel Trust’s payout ratio is -9.30%.

Analyst Upgrades and Downgrades

PEB has been the topic of several analyst reports. Wedbush downgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 target price on the stock. in a research report on Thursday, January 2nd. Truist Financial lowered their price objective on shares of Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. Raymond James set a $14.00 price objective on shares of Pebblebrook Hotel Trust and gave the company an “outperform” rating in a research report on Thursday, February 27th. Wells Fargo & Company lowered 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, StockNews.com downgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Pebblebrook Hotel Trust currently has a consensus rating of “Hold” and an average target price of $13.86.

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.