Corient Private Wealth LLC Sells 1,451 Shares of Pebblebrook Hotel Trust (NYSE:PEB)

Corient Private Wealth LLC reduced its stake in Pebblebrook Hotel Trust (NYSE:PEB) by 6.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,759 shares of the real estate investment trust’s stock after selling 1,451 shares during the period. Corient Private Wealth LLC’s holdings in Pebblebrook Hotel Trust were worth $295,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of PEB. FMR LLC grew its stake in shares of Pebblebrook Hotel Trust by 10.8% in the 3rd quarter. FMR LLC now owns 9,069 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 884 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Pebblebrook Hotel Trust by 0.7% in the third quarter. Public Employees Retirement System of Ohio now owns 191,009 shares of the real estate investment trust’s stock worth $2,527,000 after acquiring an additional 1,402 shares in the last quarter. Metis Global Partners LLC grew its stake in shares of Pebblebrook Hotel Trust by 11.4% in the fourth quarter. Metis Global Partners LLC now owns 13,823 shares of the real estate investment trust’s stock worth $187,000 after acquiring an additional 1,412 shares during the last quarter. Swiss National Bank increased its holdings in shares of Pebblebrook Hotel Trust by 0.7% during the fourth quarter. Swiss National Bank now owns 237,012 shares of the real estate investment trust’s stock valued at $3,212,000 after acquiring an additional 1,700 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Pebblebrook Hotel Trust by 2.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 83,899 shares of the real estate investment trust’s stock worth $1,137,000 after acquiring an additional 1,918 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Compass Point lowered Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $17.00 to $15.00 in a report on Monday, March 10th. StockNews.com downgraded Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Wednesday, March 5th. Raymond James set a $14.00 target price on shares of Pebblebrook Hotel Trust and gave the company 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 target price for the company. in a research note on Thursday, January 2nd. Finally, Wells Fargo & Company dropped their price target on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $13.86.

Pebblebrook Hotel Trust Price Performance

Shares of Pebblebrook Hotel Trust stock opened at $10.13 on Tuesday. The stock has a market cap of $1.21 billion, a P/E ratio of -34.93, 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 quick ratio of 0.81 and a current ratio of 0.81. The stock’s fifty day moving average is $11.99 and its 200 day moving average is $12.84. Pebblebrook Hotel Trust has a one year low of $9.93 and a one year high of $16.06.

Pebblebrook Hotel Trust Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.39%. Pebblebrook Hotel Trust’s payout ratio is currently -9.30%.

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.