Hotchkis & Wiley Capital Management LLC increased its position in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 4.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 950,475 shares of the real estate investment trust's stock after buying an additional 36,270 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 0.79% of Pebblebrook Hotel Trust worth $12,575,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the company. Holocene Advisors LP purchased a new stake in Pebblebrook Hotel Trust in the third quarter valued at approximately $166,000. Atom Investors LP purchased a new stake in Pebblebrook Hotel Trust in the third quarter valued at approximately $1,363,000. Captrust Financial Advisors grew its stake in Pebblebrook Hotel Trust by 42.7% during the third quarter. Captrust Financial Advisors now owns 29,413 shares of the real estate investment trust's stock worth $389,000 after buying an additional 8,806 shares during the period. Martingale Asset Management L P grew its stake in Pebblebrook Hotel Trust by 14.0% during the third quarter. Martingale Asset Management L P now owns 108,572 shares of the real estate investment trust's stock worth $1,436,000 after buying an additional 13,308 shares during the period. Finally, PEAK6 Investments LLC purchased a new stake in Pebblebrook Hotel Trust during the third quarter worth approximately $884,000.
Insider Activity at Pebblebrook Hotel Trust
In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz sold 11,000 shares of the firm's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $21.37, for a total transaction of $235,070.00. Following the transaction, the chief executive officer now owns 1,349,284 shares of the company's stock, valued at approximately $28,834,199.08. This trade represents a 0.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jon E. Bortz bought 13,000 shares of the stock in a transaction 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 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 disclosure for this purchase can be found here. 2.60% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Several research firms have issued reports on PEB. Truist Financial decreased their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a "hold" rating for the company in a research note on Monday, October 28th. Compass Point upgraded shares of Pebblebrook Hotel Trust from a "neutral" rating to a "buy" rating and set a $17.00 price objective for the company in a research note on Thursday, November 21st. Robert W. Baird decreased their price objective on shares of 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. Stifel Nicolaus upgraded shares of Pebblebrook Hotel Trust from a "hold" rating to a "buy" rating and upped their target price for the company from $14.75 to $15.00 in a research note on Friday, November 22nd. Finally, Wells Fargo & Company upped 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 note on Tuesday, November 26th. Two 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. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $14.58.
Read Our Latest Stock Report on Pebblebrook Hotel Trust
Pebblebrook Hotel Trust Stock Down 0.6 %
PEB traded down $0.09 during trading on Wednesday, hitting $14.64. The company had a trading volume of 1,859,488 shares, compared to its average volume of 1,689,347. The company has a market cap of $1.75 billion, a PE ratio of -50.48, a P/E/G ratio of 0.67 and a beta of 1.87. The business has a 50-day moving average of $12.91 and a 200-day moving average of $13.24. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81. Pebblebrook Hotel Trust has a 1-year low of $11.65 and a 1-year high of $16.65.
Pebblebrook Hotel Trust Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.01 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.04 annualized dividend and a yield of 0.27%. Pebblebrook Hotel Trust's dividend payout ratio is presently -13.79%.
Pebblebrook Hotel Trust Profile
(
Free Report)
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.
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