Pebblebrook Hotel Trust (NYSE:PEB) Shares Purchased by Nordea Investment Management AB

Nordea Investment Management AB increased its position in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 90.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 746,763 shares of the real estate investment trust's stock after acquiring an additional 354,116 shares during the quarter. Nordea Investment Management AB owned approximately 0.62% of Pebblebrook Hotel Trust worth $10,193,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of Montreal Can grew its holdings in 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 purchasing an additional 759,964 shares during the period. D. E. Shaw & Co. Inc. increased its holdings in shares of Pebblebrook Hotel Trust by 38.1% during 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 buying an additional 541,573 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of 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 worth $31,992,000 after buying an additional 130,265 shares during the period. Atom Investors LP acquired a new position in Pebblebrook Hotel Trust in the third quarter valued at $1,363,000. Finally, GSA Capital Partners LLP grew its position in Pebblebrook Hotel Trust by 47.4% during the third quarter. GSA Capital Partners LLP now owns 223,654 shares of the real estate investment trust's stock valued at $2,959,000 after acquiring an additional 71,920 shares during the period.

Pebblebrook Hotel Trust Stock Down 0.4 %

Pebblebrook Hotel Trust stock traded down $0.05 during midday trading on Thursday, hitting $13.00. 1,273,974 shares of the stock were exchanged, compared to its average volume of 1,280,155. Pebblebrook Hotel Trust has a 1 year low of $11.65 and a 1 year high of $16.65. 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 firm has a market cap of $1.56 billion, a P/E ratio of -44.83, a P/E/G ratio of 0.69 and a beta of 1.86. The company has a 50 day moving average price of $13.49 and a two-hundred day moving average price of $13.20.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.01 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.31%. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is presently -13.79%.

Insiders Place Their Bets

In other news, CEO Jon E. Bortz acquired 13,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was purchased at an average cost of $12.68 per share, with a total value of $164,840.00. Following the completion of the acquisition, 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jon E. Bortz sold 11,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 1,349,284 shares in the company, valued at approximately $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.

Analyst Ratings Changes

A number of research firms have recently commented on PEB. Wedbush downgraded Pebblebrook Hotel Trust from a "neutral" rating to an "underperform" rating and set a $13.00 price objective on the stock. in a report on Thursday, January 2nd. Compass Point raised 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 report on Thursday, November 21st. StockNews.com lowered shares of Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research report on Tuesday, October 22nd. Truist Financial reduced their target price on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a "hold" rating on the stock in a report on Monday, October 28th. Finally, Stifel Nicolaus raised Pebblebrook Hotel Trust from a "hold" rating to a "buy" rating and raised their price objective for the company from $14.75 to $15.00 in a research report on Friday, November 22nd. Two investment 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 data from MarketBeat.com, Pebblebrook Hotel Trust presently has a consensus rating of "Hold" and an average price target of $14.83.

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.