PEAK6 Investments LLC Makes New $884,000 Investment in Pebblebrook Hotel Trust (NYSE:PEB)

PEAK6 Investments LLC acquired a new stake in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 66,846 shares of the real estate investment trust's stock, valued at approximately $884,000. PEAK6 Investments LLC owned approximately 0.06% of Pebblebrook Hotel Trust at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of PEB. Bank of Montreal Can grew its stake in shares of Pebblebrook Hotel Trust by 68.1% in the second quarter. Bank of Montreal Can now owns 1,875,288 shares of the real estate investment trust's stock valued at $25,841,000 after buying an additional 759,964 shares in the last quarter. D. E. Shaw & Co. Inc. increased its stake in shares of Pebblebrook Hotel Trust by 38.1% during the second 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. Charles Schwab Investment Management Inc. boosted its stake in Pebblebrook Hotel Trust by 5.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,418,159 shares of the real estate investment trust's stock valued at $31,992,000 after purchasing an additional 130,265 shares during the period. GSA Capital Partners LLP grew its holdings in Pebblebrook Hotel Trust by 47.4% in the 3rd quarter. GSA Capital Partners LLP now owns 223,654 shares of the real estate investment trust's stock valued at $2,959,000 after buying an additional 71,920 shares in the last quarter. Finally, Quest Partners LLC bought a new position in Pebblebrook Hotel Trust during the 3rd quarter worth $691,000.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on PEB shares. Truist Financial reduced their target price on shares of 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. Stifel Nicolaus raised shares of Pebblebrook Hotel Trust from a "hold" rating to a "buy" rating and raised their target price for the stock from $14.75 to $15.00 in a report on Friday, November 22nd. Robert W. Baird cut their price target on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a "neutral" rating for the company in a research note on Thursday, October 31st. StockNews.com lowered Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company increased their target price on Pebblebrook Hotel Trust from $13.00 to $14.00 and gave the stock an "equal weight" rating in a report on Tuesday, November 26th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, Pebblebrook Hotel Trust has a consensus rating of "Hold" and a consensus price target of $14.58.

Pebblebrook Hotel Trust Price Performance

Shares of NYSE PEB traded up $0.80 during mid-day trading on Tuesday, hitting $14.72. 3,955,254 shares of the stock traded hands, compared to its average volume of 1,688,617. Pebblebrook Hotel Trust has a twelve month low of $11.65 and a twelve month high of $16.65. The firm has a 50 day simple moving average of $12.87 and a two-hundred day simple moving average of $13.23. 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 declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.27%. The ex-dividend date was Monday, September 30th. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is currently -13.79%.

Insider Transactions at Pebblebrook Hotel Trust

In other news, CEO Jon E. Bortz acquired 13,000 shares of Pebblebrook Hotel Trust stock in a transaction dated Thursday, November 21st. The shares were bought at an average cost of $12.68 per share, with a total value of $164,840.00. Following the purchase, the chief executive officer now owns 1,395,284 shares in the company, valued at $17,692,201.12. This trade represents a 0.94 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jon E. Bortz sold 11,000 shares of Pebblebrook Hotel Trust 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 directly 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. 2.60% of the stock is owned by company insiders.

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.