Atria Investments Inc Buys 889 Shares of Pebblebrook Hotel Trust (NYSE:PEB)

Atria Investments Inc raised its stake in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 2.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 40,897 shares of the real estate investment trust’s stock after acquiring an additional 889 shares during the period. Atria Investments Inc’s holdings in Pebblebrook Hotel Trust were worth $541,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Earnest Partners LLC lifted its stake in Pebblebrook Hotel Trust by 1.0% during the 2nd quarter. Earnest Partners LLC now owns 5,036,155 shares of the real estate investment trust’s stock valued at $69,247,000 after acquiring an additional 51,677 shares during the period. D. E. Shaw & Co. Inc. lifted its stake in Pebblebrook Hotel Trust by 38.1% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,963,388 shares of the real estate investment trust’s stock valued at $26,997,000 after acquiring an additional 541,573 shares during the period. Bank of Montreal Can lifted its stake in Pebblebrook Hotel Trust by 68.1% during the 2nd quarter. Bank of Montreal Can now owns 1,875,288 shares of the real estate investment trust’s stock valued at $25,841,000 after acquiring an additional 759,964 shares during the period. Dimensional Fund Advisors LP lifted its stake in Pebblebrook Hotel Trust by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,747,195 shares of the real estate investment trust’s stock valued at $24,023,000 after acquiring an additional 41,659 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Pebblebrook Hotel Trust by 2.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 580,423 shares of the real estate investment trust’s stock worth $7,981,000 after purchasing an additional 12,155 shares during the period.

Insider Activity

In related news, CEO Jon E. Bortz sold 11,000 shares of Pebblebrook Hotel Trust stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $21.37, for a total transaction of $235,070.00. Following the sale, the chief executive officer now owns 1,349,284 shares of the company’s stock, valued at approximately $28,834,199.08. This trade represents a 0.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.60% of the company’s stock.

Pebblebrook Hotel Trust Stock Performance

Shares of NYSE PEB opened at $12.39 on Wednesday. The stock has a market cap of $1.48 billion, a PE ratio of -42.72, a price-to-earnings-growth ratio of 0.58 and a beta of 1.85. Pebblebrook Hotel Trust has a 1 year low of $11.65 and a 1 year high of $16.65. The firm has a fifty day moving average price of $12.84 and a 200-day moving average price of $13.32. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.32%. Pebblebrook Hotel Trust’s dividend payout ratio is presently -13.79%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on PEB shares. Robert W. Baird lowered their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Wells Fargo & Company lowered their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Friday, September 13th. Truist Financial lowered their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating on the stock in a research note on Monday, October 28th. Finally, StockNews.com cut shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, Pebblebrook Hotel Trust currently has an average rating of “Hold” and a consensus price target of $14.30.

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.