Mutual of America Capital Management LLC Reduces Position in Pebblebrook Hotel Trust (NYSE:PEB)

Mutual of America Capital Management LLC reduced its holdings in Pebblebrook Hotel Trust (NYSE:PEB) by 8.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,125 shares of the real estate investment trust’s stock after selling 1,682 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Pebblebrook Hotel Trust were worth $240,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. D. E. Shaw & Co. Inc. increased its position in Pebblebrook Hotel Trust by 38.1% during 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 buying an additional 541,573 shares in the last quarter. Earnest Partners LLC lifted its stake in shares of 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 acquiring an additional 51,677 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of 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 worth $153,000 after acquiring an additional 9,740 shares in the last quarter. GSA Capital Partners LLP increased its holdings 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 valued at $2,959,000 after buying an additional 71,920 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings 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 purchasing an additional 50,210 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Truist Financial decreased their price objective on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating for the company in a report on Monday, October 28th. Robert W. Baird decreased their target price on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Compass Point upgraded Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Thursday, November 21st. StockNews.com lowered Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Finally, Stifel Nicolaus raised Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and raised their price target for the company from $14.75 to $15.00 in a research report on Friday, November 22nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Pebblebrook Hotel Trust presently has an average rating of “Hold” and a consensus target price of $14.58.

Pebblebrook Hotel Trust Stock Down 0.6 %

NYSE PEB opened at $13.80 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. The stock’s 50 day moving average is $12.88 and its two-hundred day moving average is $13.27. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of -47.58, a PEG ratio of 0.65 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.

Pebblebrook Hotel Trust Announces Dividend

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

Insider Activity

In related news, CEO Jon E. Bortz sold 11,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 1,349,284 shares in the company, valued at $28,834,199.08. The trade was a 0.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jon E. Bortz acquired 13,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was bought at an average price of $12.68 per share, with a total value of $164,840.00. Following the transaction, the chief executive officer now directly owns 1,395,284 shares in the company, valued at $17,692,201.12. The trade was a 0.94 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.60% of the stock is currently owned by corporate insiders.

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.