Pebblebrook Hotel Trust (NYSE:PEB) Shares Sold by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. cut its stake in Pebblebrook Hotel Trust (NYSE:PEB) by 30.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,955 shares of the real estate investment trust’s stock after selling 16,643 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Pebblebrook Hotel Trust were worth $514,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of PEB. Nordea Investment Management AB increased its holdings in 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 purchasing an additional 354,116 shares during the last quarter. Fisher Asset Management LLC grew its stake in Pebblebrook Hotel Trust by 5.9% during the 4th quarter. Fisher Asset Management LLC now owns 572,994 shares of the real estate investment trust’s stock worth $7,764,000 after buying an additional 31,677 shares during the last quarter. Entropy Technologies LP raised its position in Pebblebrook Hotel Trust by 93.3% in the 4th quarter. Entropy Technologies LP now owns 54,880 shares of the real estate investment trust’s stock valued at $744,000 after purchasing an additional 26,487 shares during the last quarter. Atom Investors LP purchased a new position in shares of Pebblebrook Hotel Trust during the third quarter worth about $1,363,000. Finally, PEAK6 Investments LLC purchased a new position in Pebblebrook Hotel Trust in the 3rd quarter valued at $884,000.

Pebblebrook Hotel Trust Stock Down 2.7 %

NYSE PEB opened at $10.30 on Friday. Pebblebrook Hotel Trust has a fifty-two week low of $9.97 and a fifty-two week high of $16.09. The stock has a market cap of $1.23 billion, a PE ratio of -35.50, a P/E/G ratio of 0.60 and a beta of 1.87. 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 business has a 50 day moving average price of $12.38 and a two-hundred day moving average price of $12.93.

Pebblebrook Hotel Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.01 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.39%. Pebblebrook Hotel Trust’s payout ratio is currently -9.30%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on PEB shares. Truist Financial decreased their price target on 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. Compass Point downgraded shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and cut their target price for the company from $17.00 to $15.00 in a research note on Monday, March 10th. Raymond James set a $14.00 price target on shares of Pebblebrook Hotel Trust and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Wedbush lowered 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. Finally, StockNews.com lowered Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note 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, the company presently has an average rating of “Hold” and an average price target 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.