12,411 Shares in Pebblebrook Hotel Trust (NYSE:PEB) Acquired by Metis Global Partners LLC

Metis Global Partners LLC purchased a new stake in Pebblebrook Hotel Trust (NYSE:PEB) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,411 shares of the real estate investment trust’s stock, valued at approximately $164,000.

Several other large investors have also recently modified their holdings of PEB. Earnest Partners LLC increased its holdings in Pebblebrook Hotel Trust by 1.0% in the second quarter. Earnest Partners LLC now owns 5,036,155 shares of the real estate investment trust’s stock valued at $69,247,000 after purchasing an additional 51,677 shares during the period. D. E. Shaw & Co. Inc. increased its stake in shares of Pebblebrook Hotel Trust by 38.1% in the second 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 buying an additional 541,573 shares during the period. Bank of Montreal Can raised its position in shares of Pebblebrook Hotel Trust by 68.1% during the second 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 last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Pebblebrook Hotel Trust by 2.4% in the second 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. boosted its holdings in Pebblebrook Hotel Trust by 2.1% in the second quarter. Envestnet Asset Management Inc. now owns 580,423 shares of the real estate investment trust’s stock valued at $7,981,000 after acquiring an additional 12,155 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Robert W. Baird dropped their price target on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. StockNews.com lowered shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Wells Fargo & Company lowered their price objective 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. Finally, Truist Financial cut their target price on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating on the stock in a research report on Monday, October 28th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.30.

Insiders Place Their Bets

In other Pebblebrook Hotel Trust news, 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 completion of the sale, the chief executive officer now owns 1,349,284 shares in the company, valued at approximately $28,834,199.08. The trade was a 0.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.60% of the company’s stock.

Pebblebrook Hotel Trust Price Performance

Shares of NYSE PEB opened at $12.39 on Wednesday. The firm has a market capitalization of $1.48 billion, a P/E ratio of -42.72, a P/E/G ratio of 0.58 and a beta of 1.85. The firm’s 50-day moving average price is $12.84 and its 200-day moving average price is $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 has a 1-year low of $11.65 and a 1-year high of $16.65.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend was Monday, September 30th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is currently -13.79%.

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.