Natixis Advisors LLC Has $490,000 Stock Holdings in Pebblebrook Hotel Trust (NYSE:PEB)

Natixis Advisors LLC lowered its stake in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 15.0% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 37,028 shares of the real estate investment trust’s stock after selling 6,557 shares during the period. Natixis Advisors LLC’s holdings in Pebblebrook Hotel Trust were worth $490,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of PEB. Bank of Montreal Can raised its holdings in shares of Pebblebrook Hotel Trust by 68.1% in the 2nd quarter. Bank of Montreal Can now owns 1,875,288 shares of the real estate investment trust’s stock worth $25,841,000 after purchasing an additional 759,964 shares during the period. D. E. Shaw & Co. Inc. grew its position in Pebblebrook Hotel Trust by 38.1% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,963,388 shares of the real estate investment trust’s stock worth $26,997,000 after acquiring an additional 541,573 shares in the last quarter. GSA Capital Partners LLP lifted its stake in Pebblebrook Hotel Trust by 47.4% in the third quarter. GSA Capital Partners LLP now owns 223,654 shares of the real estate investment trust’s stock worth $2,959,000 after purchasing an additional 71,920 shares during the last quarter. Earnest Partners LLC lifted its stake in Pebblebrook Hotel Trust by 1.0% in the second quarter. Earnest Partners LLC now owns 5,036,155 shares of the real estate investment trust’s stock worth $69,247,000 after purchasing an additional 51,677 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Pebblebrook Hotel Trust by 166.1% during the second quarter. Victory Capital Management Inc. now owns 80,444 shares of the real estate investment trust’s stock valued at $1,106,000 after acquiring an additional 50,210 shares during the last quarter.

Pebblebrook Hotel Trust Price Performance

Shares of Pebblebrook Hotel Trust stock opened at $13.80 on Friday. The stock has a 50 day moving average of $12.88 and a 200 day moving average of $13.27. Pebblebrook Hotel Trust has a 12 month low of $11.65 and a 12 month high of $16.65. The firm has a market cap of $1.65 billion, a PE ratio of -47.58, a PEG ratio of 0.65 and a beta of 1.85. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78.

Pebblebrook Hotel Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend was Monday, September 30th. Pebblebrook Hotel Trust’s payout ratio is presently -13.79%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on PEB shares. StockNews.com downgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company increased their price target on shares of Pebblebrook Hotel Trust from $13.00 to $14.00 and gave the company an “equal weight” rating in a report on Tuesday. Stifel Nicolaus upgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and increased their price target for the company from $14.75 to $15.00 in a report on Friday, November 22nd. Truist Financial reduced their price objective on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating for the company in a research report on Monday, October 28th. Finally, Robert W. Baird cut their price target on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $14.58.

Insider Buying and Selling at Pebblebrook Hotel Trust

In other news, CEO Jon E. Bortz acquired 13,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were bought at an average price of $12.68 per share, with a total value of $164,840.00. Following the completion of the purchase, the chief executive officer now directly owns 1,395,284 shares in the company, valued at $17,692,201.12. This trade represents a 0.94 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jon E. Bortz sold 11,000 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $21.37, for a total value of $235,070.00. Following the sale, the chief executive officer now directly owns 1,349,284 shares in the company, valued at $28,834,199.08. This trade represents a 0.81 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.

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.