Atria Investments Inc Increases Stake in Pebblebrook Hotel Trust (NYSE:PEB)

Atria Investments Inc raised its stake in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 2.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,897 shares of the real estate investment trust’s stock after buying an additional 889 shares during the quarter. Atria Investments Inc’s holdings in Pebblebrook Hotel Trust were worth $541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. D. E. Shaw & Co. Inc. boosted its position in shares of 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 valued at $26,997,000 after acquiring an additional 541,573 shares during the last quarter. Earnest Partners LLC boosted its position in shares of 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 valued at $69,247,000 after acquiring an additional 51,677 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Pebblebrook Hotel Trust by 707.8% during the 2nd quarter. Blue Trust Inc. now owns 11,116 shares of the real estate investment trust’s stock valued at $153,000 after acquiring an additional 9,740 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its position in Pebblebrook Hotel Trust by 6.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 249,445 shares of the real estate investment trust’s stock worth $3,842,000 after buying an additional 15,231 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in Pebblebrook Hotel Trust by 166.1% in the second quarter. Victory Capital Management Inc. now owns 80,444 shares of the real estate investment trust’s stock worth $1,106,000 after buying an additional 50,210 shares during the last quarter.

Wall Street Analysts Forecast Growth

PEB has been the subject of a number of analyst reports. Truist Financial lowered their price target 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. StockNews.com downgraded Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Robert W. Baird lowered their price target on 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, Wells Fargo & Company lowered their price target on 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. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $14.30.

Pebblebrook Hotel Trust Stock Up 0.6 %

NYSE:PEB opened at $12.39 on Wednesday. Pebblebrook Hotel Trust has a twelve month low of $11.65 and a twelve month high of $16.65. The company has a market cap of $1.48 billion, a price-to-earnings ratio of -42.72, a price-to-earnings-growth ratio of 0.58 and a beta of 1.85. The stock has a fifty day simple moving average of $12.84 and a 200-day simple moving average of $13.32. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 0.32%. Pebblebrook Hotel Trust’s dividend payout ratio is currently -13.79%.

Insider Activity

In other news, CEO Jon E. Bortz sold 11,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was 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 in the company, valued at approximately $28,834,199.08. This trade represents a 0.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.60% of the company’s stock.

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.