Bank of Montreal Can Has $25.84 Million Position in Pebblebrook Hotel Trust (NYSE:PEB)

Bank of Montreal Can boosted its position in Pebblebrook Hotel Trust (NYSE:PEB) by 68.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,875,288 shares of the real estate investment trust’s stock after purchasing an additional 759,964 shares during the quarter. Bank of Montreal Can owned about 1.56% of Pebblebrook Hotel Trust worth $25,841,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of PEB. Norges Bank bought a new position in Pebblebrook Hotel Trust in the 4th quarter valued at about $8,798,000. Nomura Holdings Inc. lifted its stake in Pebblebrook Hotel Trust by 44.3% during the fourth quarter. Nomura Holdings Inc. now owns 513,190 shares of the real estate investment trust’s stock worth $8,201,000 after purchasing an additional 157,637 shares during the last quarter. Victory Capital Management Inc. boosted its holdings 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 purchasing an additional 50,210 shares in the last quarter. Choreo LLC bought a new position in shares of Pebblebrook Hotel Trust in the 2nd quarter valued at $603,000. Finally, SG Americas Securities LLC raised its holdings in shares of Pebblebrook Hotel Trust by 350.3% during the 1st quarter. SG Americas Securities LLC now owns 56,913 shares of the real estate investment trust’s stock worth $877,000 after buying an additional 44,273 shares in the last quarter.

Analyst Ratings Changes

A number of research firms have issued reports on PEB. StockNews.com cut Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Wednesday. Wells Fargo & Company decreased their price target on shares of Pebblebrook Hotel Trust from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Friday, September 13th. Three analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $13.92.

Insider Activity at Pebblebrook Hotel Trust

In other news, CEO Jon E. Bortz purchased 66,000 shares of the stock in a transaction on Monday, August 5th. The stock was purchased at an average price of $11.98 per share, for a total transaction of $790,680.00. Following the acquisition, the chief executive officer now owns 1,319,284 shares in the company, valued at $15,805,022.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz acquired 22,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jon E. Bortz bought 66,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average price of $11.98 per share, for a total transaction of $790,680.00. Following the transaction, the chief executive officer now owns 1,319,284 shares in the company, valued at $15,805,022.32. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by company insiders.

Pebblebrook Hotel Trust Trading Down 0.1 %

PEB opened at $13.55 on Friday. The company’s 50 day moving average price is $13.07 and its two-hundred day moving average price is $14.03. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of -13.28, a PEG ratio of 0.66 and a beta of 1.84. Pebblebrook Hotel Trust has a fifty-two week low of $11.39 and a fifty-two week high of $16.65. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.71 and a quick ratio of 0.71.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.42). The company had revenue of $397.11 million during the quarter, compared to analyst estimates of $396.29 million. Pebblebrook Hotel Trust had a negative net margin of 6.75% and a negative return on equity of 3.40%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.62 earnings per share. As a group, research analysts predict that Pebblebrook Hotel Trust will post 1.51 earnings per share for the current year.

Pebblebrook Hotel Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend is Monday, September 30th. Pebblebrook Hotel Trust’s dividend payout ratio is currently -3.92%.

About Pebblebrook Hotel Trust

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.