Charles Schwab Investment Management Inc. Buys 86,592 Shares of Pebblebrook Hotel Trust (NYSE:PEB)

Charles Schwab Investment Management Inc. lifted its position in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 3.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,504,751 shares of the real estate investment trust’s stock after buying an additional 86,592 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 2.09% of Pebblebrook Hotel Trust worth $33,939,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Nordea Investment Management AB increased 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 worth $10,193,000 after buying an additional 354,116 shares during the last quarter. Atom Investors LP purchased a new position in Pebblebrook Hotel Trust during the 3rd quarter valued at $1,363,000. PEAK6 Investments LLC bought a new position in Pebblebrook Hotel Trust in the 3rd quarter valued at $884,000. Quest Partners LLC purchased a new stake in Pebblebrook Hotel Trust in the third quarter worth $691,000. Finally, Quantbot Technologies LP lifted its position in shares of Pebblebrook Hotel Trust by 47.9% during the third quarter. Quantbot Technologies LP now owns 134,485 shares of the real estate investment trust’s stock worth $1,779,000 after purchasing an additional 43,539 shares during the last quarter.

Pebblebrook Hotel Trust Stock Performance

PEB stock opened at $10.72 on Monday. Pebblebrook Hotel Trust has a one year low of $10.31 and a one year high of $16.19. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of -36.97, a PEG ratio of 0.60 and a beta of 1.87. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a 50-day simple moving average of $12.63 and a two-hundred day simple moving average of $13.02.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.37%. The ex-dividend date is Monday, March 31st. Pebblebrook Hotel Trust’s dividend payout ratio is presently -9.30%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Wedbush cut shares of Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price target on the stock. in a report on Thursday, January 2nd. Truist Financial dropped their target price on shares of Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. Wells Fargo & Company decreased their price target on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 18th. Stifel Nicolaus upgraded Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and boosted their price target for the company from $14.75 to $15.00 in a report on Friday, November 22nd. Finally, StockNews.com downgraded Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Pebblebrook Hotel Trust currently has an average rating of “Hold” and a consensus target price of $13.86.

About Pebblebrook Hotel Trust

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.