Charles Schwab Investment Management Inc. Grows Position in Pebblebrook Hotel Trust (NYSE:PEB)

Charles Schwab Investment Management Inc. increased its holdings in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 3.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,504,751 shares of the real estate investment trust's stock after acquiring an additional 86,592 shares during the period. Charles Schwab Investment Management Inc. owned about 2.09% of Pebblebrook Hotel Trust worth $33,939,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of PEB. Nordea Investment Management AB increased its position in shares of Pebblebrook Hotel Trust by 90.2% during the fourth quarter. Nordea Investment Management AB now owns 746,763 shares of the real estate investment trust's stock worth $10,193,000 after acquiring an additional 354,116 shares during the period. Atom Investors LP purchased a new position in Pebblebrook Hotel Trust during the 3rd quarter worth $1,363,000. PEAK6 Investments LLC purchased a new position in Pebblebrook Hotel Trust during the 3rd quarter worth $884,000. Quest Partners LLC bought a new stake in Pebblebrook Hotel Trust during the 3rd quarter valued at $691,000. Finally, Quantbot Technologies LP lifted its holdings in shares of Pebblebrook Hotel Trust by 47.9% in the 3rd quarter. Quantbot Technologies LP now owns 134,485 shares of the real estate investment trust's stock worth $1,779,000 after buying an additional 43,539 shares during the period.

Pebblebrook Hotel Trust Stock Down 1.0 %

NYSE PEB traded down $0.11 on Thursday, hitting $10.58. The stock had a trading volume of 1,811,811 shares, compared to its average volume of 1,721,545. Pebblebrook Hotel Trust has a 52-week low of $10.31 and a 52-week high of $16.19. The business's fifty day moving average price is $12.49 and its 200 day moving average price is $12.97. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of -36.46, a price-to-earnings-growth ratio of 0.60 and a beta of 1.87.

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Pebblebrook Hotel Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend is Monday, March 31st. Pebblebrook Hotel Trust's dividend payout ratio is currently -9.30%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on PEB shares. Wedbush lowered 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. Wells Fargo & Company reduced their price target on shares of 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. StockNews.com downgraded shares of Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research note on Wednesday, March 5th. Raymond James set a $14.00 price objective on shares of Pebblebrook Hotel Trust and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Finally, Compass Point lowered Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $17.00 to $15.00 in a report on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, Pebblebrook Hotel Trust currently has an average rating of "Hold" and an average price target of $13.86.

Pebblebrook Hotel Trust 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.