DekaBank Deutsche Girozentrale Acquires 6,393 Shares of Pebblebrook Hotel Trust (NYSE:PEB)

DekaBank Deutsche Girozentrale boosted its holdings in Pebblebrook Hotel Trust (NYSE:PEB) by 22.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,379 shares of the real estate investment trust’s stock after buying an additional 6,393 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Pebblebrook Hotel Trust were worth $470,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Securities Inc. bought a new position in shares of Pebblebrook Hotel Trust in the 4th quarter worth $64,000. Blue Trust Inc. lifted its stake in Pebblebrook Hotel Trust by 707.8% in the second quarter. Blue Trust Inc. now owns 11,116 shares of the real estate investment trust’s stock valued at $153,000 after buying an additional 9,740 shares during the period. Quest Partners LLC acquired a new position in Pebblebrook Hotel Trust in the fourth quarter valued at about $157,000. Van ECK Associates Corp boosted its holdings in Pebblebrook Hotel Trust by 7.1% during the second quarter. Van ECK Associates Corp now owns 18,270 shares of the real estate investment trust’s stock worth $251,000 after buying an additional 1,215 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of Pebblebrook Hotel Trust during the 4th quarter worth about $266,000.

Insider Buying and Selling at Pebblebrook Hotel Trust

In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz acquired 22,000 shares of the stock in a transaction dated Tuesday, August 13th. The shares were bought at an average cost of $12.21 per share, for a total transaction of $268,620.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,341,284 shares of the company’s stock, valued at $16,377,077.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Jon E. Bortz bought 66,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average price of $11.98 per share, for a total transaction of $790,680.00. Following the completion of the acquisition, the chief executive officer now owns 1,319,284 shares of the company’s stock, valued at approximately $15,805,022.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jon E. Bortz purchased 22,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was bought at an average price of $12.21 per share, with a total value of $268,620.00. Following the completion of the purchase, the chief executive officer now owns 1,341,284 shares of the company’s stock, valued at $16,377,077.64. The disclosure for this purchase can be found here. Company insiders own 2.40% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on PEB. StockNews.com lowered shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Monday, September 16th. Wells Fargo & Company reduced their price target on shares of Pebblebrook Hotel Trust from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Friday, September 13th. Finally, Truist Financial lowered their price objective on shares of Pebblebrook Hotel Trust from $16.00 to $15.00 and set a “hold” rating for the company in a research report on Thursday, May 30th. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $13.92.

Pebblebrook Hotel Trust Stock Up 1.3 %

Pebblebrook Hotel Trust stock opened at $14.30 on Friday. The company has a 50 day moving average of $13.08 and a 200-day moving average of $14.10. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.78. Pebblebrook Hotel Trust has a twelve month low of $11.39 and a twelve month high of $16.65. The stock has a market capitalization of $1.72 billion, a PE ratio of -14.02, a price-to-earnings-growth ratio of 0.61 and a beta of 1.84.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.42). Pebblebrook Hotel Trust had a negative return on equity of 3.40% and a negative net margin of 6.75%. The company had revenue of $397.11 million during the quarter, compared to analyst estimates of $396.29 million. During the same period in the previous year, the company posted $0.62 earnings per share. Pebblebrook Hotel Trust’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities research analysts anticipate that Pebblebrook Hotel Trust will post 1.51 EPS for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend is Monday, September 30th. Pebblebrook Hotel Trust’s dividend payout ratio is presently -3.92%.

Pebblebrook Hotel Trust Company 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.