Atom Investors LP Purchases Shares of 102,989 Pebblebrook Hotel Trust (NYSE:PEB)

Atom Investors LP acquired a new position in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 102,989 shares of the real estate investment trust's stock, valued at approximately $1,363,000. Atom Investors LP owned 0.09% of Pebblebrook Hotel Trust as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Covestor Ltd grew its stake in shares of Pebblebrook Hotel Trust by 80.1% in the third quarter. Covestor Ltd now owns 4,471 shares of the real estate investment trust's stock worth $59,000 after acquiring an additional 1,989 shares during the period. Quarry LP raised its stake in Pebblebrook Hotel Trust by 2,376.9% during the 2nd quarter. Quarry LP now owns 4,508 shares of the real estate investment trust's stock valued at $62,000 after buying an additional 4,326 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Pebblebrook Hotel Trust by 35.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,677 shares of the real estate investment trust's stock valued at $63,000 after buying an additional 1,212 shares during the period. FMR LLC boosted its stake in shares of Pebblebrook Hotel Trust by 10.8% in the 3rd quarter. FMR LLC now owns 9,069 shares of the real estate investment trust's stock worth $120,000 after buying an additional 884 shares during the last quarter. Finally, FORA Capital LLC bought a new stake in shares of Pebblebrook Hotel Trust in the third quarter worth $133,000.

Pebblebrook Hotel Trust Trading Up 5.1 %

Shares of NYSE:PEB traded up $0.71 during trading on Tuesday, reaching $14.62. 1,609,020 shares of the company were exchanged, compared to its average volume of 1,678,367. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 0.81. The business's fifty day simple moving average is $12.87 and its 200-day simple moving average is $13.23. Pebblebrook Hotel Trust has a 12-month low of $11.65 and a 12-month high of $16.65.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.27%. The ex-dividend date was Monday, September 30th. Pebblebrook Hotel Trust's dividend payout ratio is -13.79%.

Insider Transactions at Pebblebrook Hotel Trust

In other news, CEO Jon E. Bortz sold 11,000 shares of the firm's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $21.37, for a total value of $235,070.00. Following the completion of the sale, the chief executive officer now owns 1,349,284 shares of the company's stock, valued at $28,834,199.08. This trade represents a 0.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jon E. Bortz bought 13,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was bought at an average price of $12.68 per share, with a total value of $164,840.00. Following the completion of the purchase, the chief executive officer now directly owns 1,395,284 shares in the company, valued at $17,692,201.12. This represents a 0.94 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.60% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. StockNews.com downgraded Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a report on Tuesday, October 22nd. Truist Financial lowered 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. Wells Fargo & Company boosted their target price 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. Robert W. Baird reduced their target price on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, October 31st. Finally, Compass Point upgraded shares of Pebblebrook Hotel Trust from a "neutral" rating to a "buy" rating and set a $17.00 price target on the stock in a research note on Thursday, November 21st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $14.58.

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.