Fmr LLC Purchases 884 Shares of Pebblebrook Hotel Trust (NYSE:PEB)

Fmr LLC grew its holdings in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 10.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of PEB. Earnest Partners LLC boosted its stake in shares of Pebblebrook Hotel Trust by 1.0% during the second quarter. Earnest Partners LLC now owns 5,036,155 shares of the real estate investment trust’s stock valued at $69,247,000 after purchasing an additional 51,677 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Pebblebrook Hotel Trust by 5.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,418,159 shares of the real estate investment trust’s stock worth $31,992,000 after acquiring an additional 130,265 shares during the period. D. E. Shaw & Co. Inc. raised its stake in shares of 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 valued at $26,997,000 after acquiring an additional 541,573 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of Pebblebrook Hotel Trust by 68.1% in the second 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 purchasing an additional 759,964 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Pebblebrook Hotel Trust by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,747,195 shares of the real estate investment trust’s stock worth $24,023,000 after purchasing an additional 41,659 shares in the last quarter.

Insider Activity

In other news, CEO Jon E. Bortz purchased 13,000 shares of the stock in a transaction 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 owns 1,395,284 shares in the company, valued at $17,692,201.12. The trade was a 0.94 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jon E. Bortz sold 11,000 shares of the firm’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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.

Pebblebrook Hotel Trust Stock Down 0.3 %

Shares of Pebblebrook Hotel Trust stock opened at $13.55 on Monday. Pebblebrook Hotel Trust has a 52-week low of $11.65 and a 52-week high of $16.65. The firm’s 50 day moving average price is $13.23 and its 200-day moving average price is $13.24. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78. The company has a market cap of $1.62 billion, a P/E ratio of -46.72, a PEG ratio of 0.69 and a beta of 1.87.

Pebblebrook Hotel Trust Announces Dividend

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

Analyst Ratings Changes

PEB has been the subject of several research reports. Truist Financial lowered their target price 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. Wells Fargo & Company raised their target price on shares of Pebblebrook Hotel Trust from $14.00 to $16.00 and gave the company an “equal weight” rating in a research report on Monday, December 9th. Robert W. Baird lowered their price target on shares of 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. Stifel Nicolaus raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and lifted their price objective for the company from $14.75 to $15.00 in a report on Friday, November 22nd. Finally, StockNews.com lowered Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $14.92.

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.