Fmr LLC Increases Stock Position in Pebblebrook Hotel Trust (NYSE:PEB)

Fmr LLC lifted its holdings in Pebblebrook Hotel Trust (NYSE:PEB) by 10.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,069 shares of the real estate investment trust’s stock after buying an additional 884 shares during the quarter. Fmr LLC’s holdings in Pebblebrook Hotel Trust were worth $120,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PEB. Louisiana State Employees Retirement System boosted its stake in Pebblebrook Hotel Trust by 1.5% during the second quarter. Louisiana State Employees Retirement System now owns 60,600 shares of the real estate investment trust’s stock worth $833,000 after acquiring an additional 900 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Pebblebrook Hotel Trust by 7.1% in the 2nd 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. Victory Capital Management Inc. increased its position in Pebblebrook Hotel Trust by 166.1% during the 2nd quarter. Victory Capital Management Inc. now owns 80,444 shares of the real estate investment trust’s stock valued at $1,106,000 after buying an additional 50,210 shares in the last quarter. Choreo LLC purchased a new position in Pebblebrook Hotel Trust during the second quarter valued at $603,000. Finally, DekaBank Deutsche Girozentrale boosted its holdings in Pebblebrook Hotel Trust by 22.1% in the second quarter. DekaBank Deutsche Girozentrale now owns 35,379 shares of the real estate investment trust’s stock worth $470,000 after acquiring an additional 6,393 shares in the last quarter.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PEB. Wells Fargo & Company raised their price target on Pebblebrook Hotel Trust from $14.00 to $16.00 and gave the company an “equal weight” rating in a report on Monday, December 9th. StockNews.com lowered shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. Compass Point raised shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 target price for the company in a report on Thursday, November 21st. Truist Financial decreased their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating for the company in a report on Monday, October 28th. Finally, Stifel Nicolaus upgraded Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and increased their target price for the company from $14.75 to $15.00 in a research note on Friday, November 22nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.92.

Pebblebrook Hotel Trust Stock Down 0.3 %

Pebblebrook Hotel Trust stock opened at $13.55 on Monday. Pebblebrook Hotel Trust has a one year low of $11.65 and a one year high of $16.65. The stock has a fifty day moving average of $13.23 and a 200 day moving average of $13.24. 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 has a market cap of $1.62 billion, a PE ratio of -46.72, a price-to-earnings-growth ratio of 0.69 and a beta of 1.87.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.30%. The ex-dividend date is Tuesday, December 31st. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -13.79%.

Insider Buying and Selling

In related news, CEO Jon E. Bortz bought 13,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were bought at an average cost of $12.68 per share, for a total transaction of $164,840.00. Following the completion of the transaction, the chief executive officer now owns 1,395,284 shares of the company’s stock, valued at approximately $17,692,201.12. This trade represents a 0.94 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jon E. Bortz sold 11,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $21.37, for a total value of $235,070.00. Following the completion of the sale, the chief executive officer now owns 1,349,284 shares of the company’s stock, valued at approximately $28,834,199.08. The trade was a 0.81 % decrease in their position. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by insiders.

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.