Stifel Financial Corp Has $335,000 Position in Pebblebrook Hotel Trust (NYSE:PEB)

Stifel Financial Corp raised its stake in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 11.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,302 shares of the real estate investment trust’s stock after purchasing an additional 2,575 shares during the period. Stifel Financial Corp’s holdings in Pebblebrook Hotel Trust were worth $335,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PEB. Covestor Ltd boosted its holdings in shares of Pebblebrook Hotel Trust by 80.1% during the 3rd quarter. Covestor Ltd now owns 4,471 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 1,989 shares during the period. Quarry LP lifted its position 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 acquiring an additional 4,326 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in 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 period. FMR LLC grew its position in shares of 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 purchasing an additional 884 shares during the last quarter. Finally, FORA Capital LLC acquired a new stake in shares of Pebblebrook Hotel Trust in the third quarter valued at about $133,000.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on PEB shares. Stifel Nicolaus raised Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $14.75 to $15.00 in a research report on Friday, November 22nd. StockNews.com lowered Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Truist Financial lowered their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating on the stock in a research note on Monday, October 28th. Compass Point upgraded shares of 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. Finally, Wells Fargo & Company raised their price target on shares of Pebblebrook Hotel Trust from $14.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Pebblebrook Hotel Trust currently has a consensus rating of “Hold” and a consensus target price of $14.92.

Pebblebrook Hotel Trust Stock Down 2.0 %

Shares of PEB stock opened at $13.58 on Friday. Pebblebrook Hotel Trust has a one year low of $11.65 and a one 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 stock has a fifty day moving average price of $13.32 and a 200 day moving average price of $13.24. The stock has a market cap of $1.63 billion, a P/E ratio of -46.83, a price-to-earnings-growth ratio of 0.69 and a beta of 1.87.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.29%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is currently -13.79%.

Insider Activity at Pebblebrook Hotel Trust

In related news, CEO Jon E. Bortz bought 13,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was acquired at an average price 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 $17,692,201.12. This represents a 0.94 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jon E. Bortz sold 11,000 shares of the company’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 completion of the sale, the chief executive officer now owns 1,349,284 shares in the company, 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. 2.40% 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.