Pebblebrook Hotel Trust (NYSE:PEB) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 5.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,418,159 shares of the real estate investment trust's stock after purchasing an additional 130,265 shares during the period. Charles Schwab Investment Management Inc. owned approximately 2.02% of Pebblebrook Hotel Trust worth $31,992,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. D. E. Shaw & Co. Inc. raised its stake in Pebblebrook Hotel Trust by 38.1% in 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 acquiring an additional 541,573 shares during the last quarter. 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. Blue Trust Inc. grew its position in Pebblebrook Hotel Trust by 707.8% during the 2nd 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 period. GSA Capital Partners LLP grew its position in Pebblebrook Hotel Trust by 47.4% during the 3rd quarter. GSA Capital Partners LLP now owns 223,654 shares of the real estate investment trust's stock worth $2,959,000 after purchasing an additional 71,920 shares during the period. Finally, Victory Capital Management Inc. grew 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 period.

Wall Street Analyst Weigh In

PEB has been the topic of several analyst reports. Wells Fargo & Company increased their price target on Pebblebrook Hotel Trust from $13.00 to $14.00 and gave the stock an "equal weight" rating in a research report on Tuesday, November 26th. Stifel Nicolaus upgraded Pebblebrook Hotel Trust from a "hold" rating to a "buy" rating and raised their target price for the company from $14.75 to $15.00 in a research report on Friday, November 22nd. Robert W. Baird dropped their target price on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, October 31st. StockNews.com cut Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research report on Tuesday, October 22nd. Finally, Compass Point upgraded Pebblebrook Hotel Trust from a "neutral" rating to a "buy" rating and set a $17.00 target price on the stock in a research report on Thursday, November 21st. Two 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 presently has an average rating of "Hold" and an average target price of $14.58.

Pebblebrook Hotel Trust Price Performance

PEB traded down $0.09 during trading on Wednesday, reaching $14.64. The company's stock had a trading volume of 1,859,488 shares, compared to its average volume of 1,689,347. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78. The firm has a fifty day simple moving average of $12.89 and a two-hundred day simple moving average of $13.23. Pebblebrook Hotel Trust has a 1 year low of $11.65 and a 1 year high of $16.65. The company has a market cap of $1.75 billion, a price-to-earnings ratio of -50.74, a PEG ratio of 0.67 and a beta of 1.87.

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 0.27%. The ex-dividend date of this dividend was Monday, September 30th. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is -13.79%.

Insider Activity

In related news, CEO Jon E. Bortz bought 13,000 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The stock was purchased 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 owns 1,395,284 shares of the company's stock, valued at approximately $17,692,201.12. This trade represents a 0.94 % increase in their ownership of the stock. The acquisition was disclosed in a 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 that occurred 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 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 disclosure for this sale can be found here. Corporate insiders own 2.60% of the company's stock.

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.