Nisa Investment Advisors LLC Sells 2,925 Shares of Pebblebrook Hotel Trust (NYSE:PEB)

Nisa Investment Advisors LLC lowered its position in Pebblebrook Hotel Trust (NYSE:PEB) by 7.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 39,104 shares of the real estate investment trust’s stock after selling 2,925 shares during the period. Nisa Investment Advisors LLC’s holdings in Pebblebrook Hotel Trust were worth $530,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of PEB. Covestor Ltd increased its position in shares of Pebblebrook Hotel Trust by 80.1% during the third quarter. Covestor Ltd now owns 4,471 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 1,989 shares in the last quarter. Quarry LP grew its stake in Pebblebrook Hotel Trust by 2,376.9% during the 2nd quarter. Quarry LP now owns 4,508 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 4,326 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Pebblebrook Hotel Trust by 35.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,677 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 1,212 shares in the last quarter. FMR LLC raised its stake in Pebblebrook Hotel Trust by 10.8% in the third quarter. FMR LLC now owns 9,069 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 884 shares during the last quarter. Finally, FORA Capital LLC acquired a new stake in Pebblebrook Hotel Trust in the third quarter worth about $133,000.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on PEB shares. Wells Fargo & Company upped their price objective on shares of Pebblebrook Hotel Trust from $14.00 to $16.00 and gave the company an “equal weight” rating in a report on Monday, December 9th. Stifel Nicolaus raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and raised their price target for the stock from $14.75 to $15.00 in a report on Friday, November 22nd. Robert W. Baird dropped 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 report on Thursday, October 31st. Wedbush downgraded Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 target price on the stock. in a research report on Thursday, January 2nd. Finally, Compass Point raised Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Pebblebrook Hotel Trust presently has a consensus rating of “Hold” and a consensus target price of $14.83.

Insider Buying and Selling

In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz sold 11,000 shares of the company’s stock in a transaction dated 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 approximately $28,834,199.08. This represents a 0.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jon E. Bortz bought 13,000 shares of the stock in a transaction dated Thursday, November 21st. The shares were purchased at an average cost of $12.68 per share, for a total transaction of $164,840.00. Following the completion of the purchase, the chief executive officer now owns 1,395,284 shares in the company, valued at approximately $17,692,201.12. This represents 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 owned by corporate insiders.

Pebblebrook Hotel Trust Trading Down 0.5 %

NYSE PEB opened at $13.88 on Wednesday. Pebblebrook Hotel Trust has a 1 year low of $11.65 and a 1 year high of $16.65. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market capitalization of $1.66 billion, a PE ratio of -47.84, a P/E/G ratio of 0.67 and a beta of 1.86. The company has a fifty day moving average of $13.77 and a 200 day moving average of $13.23.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.01 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.29%. Pebblebrook Hotel Trust’s payout ratio is -13.79%.

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.