Nisa Investment Advisors LLC Has $557,000 Holdings in Pebblebrook Hotel Trust (NYSE:PEB)

Nisa Investment Advisors LLC trimmed its position in Pebblebrook Hotel Trust (NYSE:PEB) by 16.7% during the third quarter, HoldingsChannel.com reports. The fund owned 42,029 shares of the real estate investment trust’s stock after selling 8,424 shares during the period. Nisa Investment Advisors LLC’s holdings in Pebblebrook Hotel Trust were worth $557,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of PEB. Bank of Montreal Can raised its position 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 valued at $25,841,000 after acquiring an additional 759,964 shares during the period. D. E. Shaw & Co. Inc. raised its position in shares of Pebblebrook Hotel Trust by 38.1% in the 2nd 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 during the period. Earnest Partners LLC raised its position in shares of Pebblebrook Hotel Trust by 1.0% in the 2nd quarter. Earnest Partners LLC now owns 5,036,155 shares of the real estate investment trust’s stock valued at $69,247,000 after acquiring an additional 51,677 shares during the period. Victory Capital Management Inc. raised its position in shares of Pebblebrook Hotel Trust by 166.1% in 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 acquiring an additional 50,210 shares during the period. Finally, Choreo LLC acquired a new stake in shares of Pebblebrook Hotel Trust in the 2nd quarter valued at approximately $603,000.

Insider Transactions at Pebblebrook Hotel Trust

In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz purchased 22,000 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was bought at an average cost of $12.21 per share, with a total value of $268,620.00. Following the purchase, the chief executive officer now directly owns 1,341,284 shares of the company’s stock, valued at $16,377,077.64. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.40% of the company’s stock.

Pebblebrook Hotel Trust Price Performance

Shares of PEB opened at $12.10 on Tuesday. The stock has a market capitalization of $1.46 billion, a P/E ratio of -11.00, a P/E/G ratio of 0.56 and a beta of 1.85. Pebblebrook Hotel Trust has a twelve month low of $11.39 and a twelve month high of $16.65. The company has a 50 day moving average of $12.89 and a 200-day moving average of $13.48. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.78.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.01 per share. The ex-dividend date was Monday, September 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.33%. Pebblebrook Hotel Trust’s dividend payout ratio is currently -3.64%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. StockNews.com cut Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. 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 research note on Monday, October 28th. Wells Fargo & Company lowered their target price on Pebblebrook Hotel Trust from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Friday, September 13th. Finally, Robert W. Baird lowered their target price on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $13.75.

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.