Public Sector Pension Investment Board Has $3.38 Million Stock Holdings in Pebblebrook Hotel Trust (NYSE:PEB)

Public Sector Pension Investment Board lessened its position in Pebblebrook Hotel Trust (NYSE:PEB) by 3.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 255,653 shares of the real estate investment trust’s stock after selling 9,500 shares during the period. Public Sector Pension Investment Board’s holdings in Pebblebrook Hotel Trust were worth $3,382,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. 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. Earnest Partners LLC raised its stake in shares of Pebblebrook Hotel Trust by 1.0% during 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 acquiring an additional 51,677 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Pebblebrook Hotel Trust by 707.8% in the second quarter. Blue Trust Inc. now owns 11,116 shares of the real estate investment trust’s stock worth $153,000 after purchasing an additional 9,740 shares during the last quarter. GSA Capital Partners LLP increased its holdings in Pebblebrook Hotel Trust by 47.4% in the third quarter. GSA Capital Partners LLP now owns 223,654 shares of the real estate investment trust’s stock valued at $2,959,000 after purchasing an additional 71,920 shares during the period. Finally, Victory Capital Management Inc. raised its position in Pebblebrook Hotel Trust by 166.1% during the 2nd quarter. Victory Capital Management Inc. now owns 80,444 shares of the real estate investment trust’s stock worth $1,106,000 after purchasing an additional 50,210 shares during the last quarter.

Pebblebrook Hotel Trust Stock Performance

NYSE:PEB opened at $14.72 on Wednesday. The firm has a market capitalization of $1.76 billion, a P/E ratio of -50.74, a P/E/G ratio of 0.67 and a beta of 1.87. Pebblebrook Hotel Trust has a twelve month low of $11.65 and a twelve month high of $16.65. The company has a fifty day moving average of $12.89 and a 200-day moving average of $13.23. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78.

Pebblebrook Hotel Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued 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 0.27%. Pebblebrook Hotel Trust’s dividend payout ratio is currently -13.79%.

Insider Transactions at Pebblebrook Hotel Trust

In other news, CEO Jon E. Bortz bought 13,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were bought at an average cost 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 in the company, valued at approximately $17,692,201.12. This trade represents a 0.94 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jon E. Bortz sold 11,000 shares of Pebblebrook Hotel Trust 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 directly owns 1,349,284 shares of the company’s stock, valued at approximately $28,834,199.08. The trade was a 0.81 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on PEB shares. StockNews.com cut Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. Compass Point raised shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Thursday, November 21st. Truist Financial reduced their price objective 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. Stifel Nicolaus raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and lifted their target price for the stock from $14.75 to $15.00 in a research note on Friday, November 22nd. Finally, Wells Fargo & Company upped their price target on shares of Pebblebrook Hotel Trust from $13.00 to $14.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 26th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Pebblebrook Hotel Trust currently has an average rating of “Hold” and a consensus target price of $14.58.

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.