Pebblebrook Hotel Trust (NYSE:PEB) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its stake in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 31.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 249,795 shares of the real estate investment trust's stock after selling 115,600 shares during the period. Renaissance Technologies LLC owned 0.21% of Pebblebrook Hotel Trust worth $3,435,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PEB. SG Americas Securities LLC lifted its holdings in shares of Pebblebrook Hotel Trust by 350.3% in the first quarter. SG Americas Securities LLC now owns 56,913 shares of the real estate investment trust's stock valued at $877,000 after purchasing an additional 44,273 shares in the last quarter. Nomura Holdings Inc. raised its stake in shares of Pebblebrook Hotel Trust by 44.3% during the fourth quarter. Nomura Holdings Inc. now owns 513,190 shares of the real estate investment trust's stock valued at $8,201,000 after acquiring an additional 157,637 shares during the last quarter. Norges Bank bought a new position in shares of Pebblebrook Hotel Trust during the fourth quarter worth about $8,798,000. Hsbc Holdings PLC raised its position in shares of Pebblebrook Hotel Trust by 16.3% during the fourth quarter. Hsbc Holdings PLC now owns 62,039 shares of the real estate investment trust's stock worth $992,000 after acquiring an additional 8,702 shares during the last quarter. Finally, Texas Permanent School Fund Corp increased its holdings in Pebblebrook Hotel Trust by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 105,462 shares of the real estate investment trust's stock worth $1,625,000 after purchasing an additional 1,413 shares in the last quarter.

Pebblebrook Hotel Trust Stock Performance

NYSE:PEB traded down $0.31 during trading hours on Monday, reaching $13.23. The company had a trading volume of 2,096,704 shares, compared to its average volume of 1,660,030. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of -12.96, a PEG ratio of 0.66 and a beta of 1.84. Pebblebrook Hotel Trust has a 52 week low of $11.39 and a 52 week high of $16.65. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.78. The firm's 50 day moving average price is $13.07 and its 200-day moving average price is $13.99.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last released its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.42). The company had revenue of $397.11 million for the quarter, compared to the consensus estimate of $396.29 million. Pebblebrook Hotel Trust had a negative net margin of 6.75% and a negative return on equity of 3.40%. The business's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.62 EPS. On average, analysts forecast that Pebblebrook Hotel Trust will post 1.51 EPS for the current year.

Pebblebrook Hotel Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.04 annualized dividend and a yield of 0.30%. Pebblebrook Hotel Trust's payout ratio is currently -3.92%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on PEB shares. StockNews.com cut shares of Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research report on Wednesday, September 25th. Wells Fargo & Company reduced their target price on Pebblebrook Hotel Trust from $15.00 to $13.00 and set an "equal weight" rating for the company in a report on Friday, September 13th. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $13.92.

Insider Buying and Selling at Pebblebrook Hotel Trust

In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz purchased 22,000 shares of the stock in a transaction dated Tuesday, August 13th. The stock was purchased at an average price of $12.21 per share, with a total value of $268,620.00. Following the transaction, the chief executive officer now owns 1,341,284 shares of the company's stock, valued at $16,377,077.64. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz purchased 66,000 shares of Pebblebrook Hotel Trust stock in a transaction that occurred on Monday, August 5th. The stock was bought at an average price of $11.98 per share, with a total value of $790,680.00. Following the acquisition, the chief executive officer now owns 1,319,284 shares of the company's stock, valued at approximately $15,805,022.32. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jon E. Bortz bought 22,000 shares of the firm's stock in a transaction dated Tuesday, August 13th. The stock was purchased at an average price of $12.21 per share, for a total transaction of $268,620.00. Following the transaction, the chief executive officer now owns 1,341,284 shares of the company's stock, valued at $16,377,077.64. The disclosure for this purchase can be found here. Company insiders own 2.40% of the company's stock.

About Pebblebrook Hotel Trust

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.