Amalgamated Bank Sells 1,058 Shares of Pebblebrook Hotel Trust (NYSE:PEB)

Amalgamated Bank lowered its holdings in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 2.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 35,706 shares of the real estate investment trust’s stock after selling 1,058 shares during the period. Amalgamated Bank’s holdings in Pebblebrook Hotel Trust were worth $472,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Quarry LP raised its stake in shares of Pebblebrook Hotel Trust by 2,376.9% during the second quarter. Quarry LP now owns 4,508 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 4,326 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Pebblebrook Hotel Trust by 35.0% during the third 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 acquiring an additional 1,212 shares during the last quarter. Blue Trust Inc. increased its position in shares of Pebblebrook Hotel Trust by 707.8% during the second quarter. Blue Trust Inc. now owns 11,116 shares of the real estate investment trust’s stock worth $153,000 after buying an additional 9,740 shares during the period. Algert Global LLC acquired a new stake in shares of Pebblebrook Hotel Trust during the second quarter worth $167,000. Finally, Van ECK Associates Corp increased its position in shares of Pebblebrook Hotel Trust by 7.1% during the second 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 period.

Insiders Place Their Bets

In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz sold 11,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 1,349,284 shares of the company’s stock, valued at approximately $28,834,199.08. This trade represents a 0.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. 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 research report on Monday, October 28th. Wells Fargo & Company decreased their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $13.00 and set an “equal weight” rating for the company in a research report on Friday, September 13th. Robert W. Baird decreased their price objective 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. Finally, StockNews.com cut shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $14.30.

Pebblebrook Hotel Trust Trading Down 0.8 %

NYSE:PEB opened at $12.19 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 has a market capitalization of $1.46 billion, a price-to-earnings ratio of -42.03, a PEG ratio of 0.60 and a beta of 1.85. The firm has a fifty day simple moving average of $12.85 and a two-hundred day simple moving average of $13.35. Pebblebrook Hotel Trust has a 12 month low of $11.65 and a 12 month high of $16.65.

Pebblebrook Hotel Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend was Monday, September 30th. 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.