Swiss National Bank Grows Stock Holdings in Pebblebrook Hotel Trust (NYSE:PEB)

Swiss National Bank lifted its position in Pebblebrook Hotel Trust (NYSE:PEB) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 237,012 shares of the real estate investment trust’s stock after buying an additional 1,700 shares during the period. Swiss National Bank owned approximately 0.20% of Pebblebrook Hotel Trust worth $3,212,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of PEB. Cbre Investment Management Listed Real Assets LLC acquired a new stake in Pebblebrook Hotel Trust in the fourth quarter worth about $13,788,000. Nordea Investment Management AB boosted its stake 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 worth $10,193,000 after purchasing an additional 354,116 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Pebblebrook Hotel Trust by 5.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,418,159 shares of the real estate investment trust’s stock worth $31,992,000 after purchasing an additional 130,265 shares in the last quarter. Atom Investors LP purchased a new position in shares of Pebblebrook Hotel Trust in the third quarter worth $1,363,000. Finally, PEAK6 Investments LLC acquired a new stake in shares of Pebblebrook Hotel Trust during the third quarter worth $884,000.

Analyst Ratings Changes

A number of equities analysts recently issued reports on PEB shares. Wells Fargo & Company reduced 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, February 18th. Wedbush cut Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price objective for the company. in a research note on Thursday, January 2nd. StockNews.com lowered Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, March 5th. Truist Financial reduced 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. Finally, Compass Point downgraded shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $17.00 to $15.00 in a report on Monday, March 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Pebblebrook Hotel Trust currently has a consensus rating of “Hold” and an average target price of $13.86.

Pebblebrook Hotel Trust Stock Performance

PEB opened at $10.47 on Thursday. The stock has a market cap of $1.25 billion, a P/E ratio of -36.09, a P/E/G ratio of 0.60 and a beta of 1.87. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a fifty day moving average price of $12.20 and a 200 day moving average price of $12.88. Pebblebrook Hotel Trust has a 1 year low of $9.97 and a 1 year high of $16.06.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date is Monday, March 31st. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -9.30%.

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.