Captrust Financial Advisors Boosts Stock Position in Pebblebrook Hotel Trust (NYSE:PEB)

Captrust Financial Advisors boosted its holdings in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 42.7% during the third quarter, Holdings Channel.com reports. The firm owned 29,413 shares of the real estate investment trust’s stock after acquiring an additional 8,806 shares during the period. Captrust Financial Advisors’ holdings in Pebblebrook Hotel Trust were worth $389,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. Asset Management One Co. Ltd. raised its holdings in Pebblebrook Hotel Trust by 0.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 174,841 shares of the real estate investment trust’s stock valued at $2,313,000 after buying an additional 866 shares during the period. FMR LLC raised its stake 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 acquiring an additional 884 shares during the period. Atria Investments Inc lifted its holdings in shares of Pebblebrook Hotel Trust by 2.2% in the 3rd quarter. Atria Investments Inc now owns 40,897 shares of the real estate investment trust’s stock worth $541,000 after acquiring an additional 889 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Pebblebrook Hotel Trust by 1.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 60,600 shares of the real estate investment trust’s stock worth $833,000 after purchasing an additional 900 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Pebblebrook Hotel Trust by 0.7% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 135,174 shares of the real estate investment trust’s stock valued at $1,859,000 after purchasing an additional 916 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Truist Financial dropped their target price on 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. Robert W. Baird dropped their price objective on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Wells Fargo & Company increased their target price on Pebblebrook Hotel Trust from $14.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Monday, December 9th. StockNews.com lowered shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. Finally, Compass Point raised shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $14.92.

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 on Thursday, November 21st. The shares were bought at an average price of $12.68 per share, for a total transaction of $164,840.00. Following the completion of the purchase, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jon E. Bortz sold 11,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $21.37, for a total transaction 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 $28,834,199.08. This 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 corporate insiders.

Pebblebrook Hotel Trust Stock Performance

PEB stock opened at $14.49 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81. Pebblebrook Hotel Trust has a 1-year low of $11.65 and a 1-year high of $16.65. The business has a 50-day moving average price of $13.08 and a 200 day moving average price of $13.25. The company has a market capitalization of $1.73 billion, a P/E ratio of -49.95, a PEG ratio of 0.71 and a beta of 1.87.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.28%. Pebblebrook Hotel Trust’s dividend payout ratio is presently -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.