Optimize Financial Inc Makes New $158,000 Investment in Pebblebrook Hotel Trust (NYSE:PEB)

Optimize Financial Inc bought a new position in shares of Pebblebrook Hotel Trust (NYSE:PEB) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,647 shares of the real estate investment trust’s stock, valued at approximately $158,000.

Other large investors also recently modified their holdings of the company. Geode Capital Management LLC grew its position in shares of Pebblebrook Hotel Trust by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 3,043,473 shares of the real estate investment trust’s stock valued at $40,272,000 after buying an additional 28,871 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Pebblebrook Hotel Trust by 3.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,504,751 shares of the real estate investment trust’s stock valued at $33,939,000 after purchasing an additional 86,592 shares during the last quarter. William Blair Investment Management LLC raised its position in shares of Pebblebrook Hotel Trust by 2.3% during the 4th quarter. William Blair Investment Management LLC now owns 2,159,201 shares of the real estate investment trust’s stock worth $29,257,000 after purchasing an additional 49,183 shares during the period. Centersquare Investment Management LLC lifted its holdings in shares of Pebblebrook Hotel Trust by 2,448.9% in the 4th quarter. Centersquare Investment Management LLC now owns 1,879,327 shares of the real estate investment trust’s stock worth $25,465,000 after purchasing an additional 1,805,597 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in Pebblebrook Hotel Trust by 82.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,399,856 shares of the real estate investment trust’s stock worth $18,968,000 after buying an additional 633,881 shares during the last quarter.

Pebblebrook Hotel Trust Price Performance

Shares of NYSE:PEB opened at $8.48 on Monday. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of -29.22, a PEG ratio of 0.60 and a beta of 1.69. 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 12 month low of $7.41 and a 12 month high of $16.06. The stock’s 50 day moving average price is $10.97 and its 200 day moving average price is $12.48.

Pebblebrook Hotel Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.01 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.47%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is -9.30%.

Analyst Ratings Changes

PEB has been the topic of a number of recent research reports. Raymond James set a $14.00 target price on Pebblebrook Hotel Trust and gave the company an “outperform” rating in a research note on Thursday, February 27th. Truist Financial reduced their target price on shares of Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating for the company in a research note on Tuesday, February 4th. Wedbush lowered shares of Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price target on the stock. in a research note on Thursday, January 2nd. Compass Point cut Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and cut their price target for the company from $17.00 to $15.00 in a report on Monday, March 10th. Finally, Wells Fargo & Company decreased their price objective on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Pebblebrook Hotel Trust has a consensus rating of “Hold” and an average price target of $13.86.

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.