Charles Schwab Investment Management Inc. Has $31.99 Million Stake in Pebblebrook Hotel Trust (NYSE:PEB)

Charles Schwab Investment Management Inc. grew its holdings in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 5.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,418,159 shares of the real estate investment trust’s stock after acquiring an additional 130,265 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Pebblebrook Hotel Trust were worth $31,992,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Earnest Partners LLC grew its holdings in Pebblebrook Hotel Trust by 1.0% during the 2nd quarter. Earnest Partners LLC now owns 5,036,155 shares of the real estate investment trust’s stock worth $69,247,000 after acquiring an additional 51,677 shares during the period. D. E. Shaw & Co. Inc. grew its holdings in Pebblebrook Hotel Trust by 38.1% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,963,388 shares of the real estate investment trust’s stock worth $26,997,000 after acquiring an additional 541,573 shares during the period. Bank of Montreal Can grew its holdings in Pebblebrook Hotel Trust by 68.1% during the 2nd quarter. Bank of Montreal Can now owns 1,875,288 shares of the real estate investment trust’s stock worth $25,841,000 after acquiring an additional 759,964 shares during the period. Dimensional Fund Advisors LP grew its holdings in Pebblebrook Hotel Trust by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,747,195 shares of the real estate investment trust’s stock worth $24,023,000 after acquiring an additional 41,659 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in Pebblebrook Hotel Trust by 2.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 580,423 shares of the real estate investment trust’s stock worth $7,981,000 after acquiring an additional 12,155 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PEB. Truist Financial decreased their price target 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. Compass Point upgraded Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Thursday, November 21st. Robert W. Baird reduced 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. Stifel Nicolaus upgraded Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and raised their target price for the company from $14.75 to $15.00 in a research note on Friday, November 22nd. Finally, Wells Fargo & Company raised their price target on shares of Pebblebrook Hotel Trust from $13.00 to $14.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 26th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.58.

Pebblebrook Hotel Trust Trading Up 5.8 %

NYSE:PEB opened at $14.72 on Wednesday. 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 $1.76 billion, a PE ratio of -50.74, a price-to-earnings-growth ratio of 0.67 and a beta of 1.87. The firm’s 50 day moving average is $12.89 and its 200 day moving average is $13.23. 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. Investors of record on Monday, September 30th were issued a $0.01 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.27%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -13.79%.

Insider Buying and Selling

In other news, CEO Jon E. Bortz purchased 13,000 shares of Pebblebrook Hotel Trust stock in a transaction dated Thursday, November 21st. The stock was purchased at an average cost of $12.68 per share, for a total transaction of $164,840.00. Following the transaction, the chief executive officer now directly 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 purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jon E. Bortz sold 11,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $21.37, for a total transaction of $235,070.00. Following the transaction, the chief executive officer now owns 1,349,284 shares of the company’s stock, valued at $28,834,199.08. This trade represents a 0.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.

Pebblebrook Hotel Trust Company 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.