Pebblebrook Hotel Trust (NYSE:PEB) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC reduced its stake in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 0.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 541,317 shares of the real estate investment trust’s stock after selling 968 shares during the quarter. Fisher Asset Management LLC’s holdings in Pebblebrook Hotel Trust were worth $7,162,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Earnest Partners LLC grew its position in 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 worth $69,247,000 after purchasing an additional 51,677 shares during the period. Charles Schwab Investment Management Inc. grew its position in Pebblebrook Hotel Trust by 5.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,418,159 shares of the real estate investment trust’s stock worth $31,992,000 after purchasing an additional 130,265 shares during the period. D. E. Shaw & Co. Inc. grew its position in 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 worth $26,997,000 after purchasing an additional 541,573 shares during the period. Bank of Montreal Can grew its position in Pebblebrook Hotel Trust by 68.1% during the 2nd quarter. Bank of Montreal Can now owns 1,875,288 shares of the real estate investment trust’s stock worth $25,841,000 after purchasing an additional 759,964 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Pebblebrook Hotel Trust by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,747,195 shares of the real estate investment trust’s stock worth $24,023,000 after purchasing an additional 41,659 shares during the period.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PEB shares. Truist Financial lowered their target price on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating on the stock in a research note on Monday, October 28th. Wells Fargo & Company increased their target price on shares of Pebblebrook Hotel Trust from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Compass Point raised shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Thursday, November 21st. Robert W. Baird lowered their target price on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Finally, StockNews.com lowered shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Pebblebrook Hotel Trust presently has an average rating of “Hold” and an average price target of $14.58.

Pebblebrook Hotel Trust Trading Down 0.6 %

Shares of Pebblebrook Hotel Trust stock opened at $13.80 on Friday. The firm has a market capitalization of $1.65 billion, a PE ratio of -47.58, a P/E/G ratio of 0.65 and a beta of 1.85. Pebblebrook Hotel Trust has a twelve month low of $11.65 and a twelve month high of $16.65. The firm’s 50-day moving average price is $12.88 and its 200 day moving average price is $13.27. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend was Monday, September 30th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is -13.79%.

Insiders Place Their Bets

In other news, CEO Jon E. Bortz purchased 13,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was acquired at an average price of $12.68 per share, for a total transaction of $164,840.00. Following the acquisition, the chief executive officer now directly owns 1,395,284 shares of the company’s stock, valued at approximately $17,692,201.12. This represents a 0.94 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jon E. Bortz sold 11,000 shares of the firm’s stock in a transaction that occurred 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 sale, 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 position. The disclosure for this sale can be found here. Corporate 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.