Dimensional Fund Advisors LP Raises Stock Position in Pebblebrook Hotel Trust (NYSE:PEB)

Dimensional Fund Advisors LP boosted its position in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,747,195 shares of the real estate investment trust's stock after purchasing an additional 41,659 shares during the period. Dimensional Fund Advisors LP owned about 1.45% of Pebblebrook Hotel Trust worth $24,023,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Envestnet Asset Management Inc. raised its holdings in Pebblebrook Hotel Trust by 2.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 580,423 shares of the real estate investment trust's stock valued at $7,981,000 after acquiring an additional 12,155 shares during the period. Norges Bank purchased a new position in shares of Pebblebrook Hotel Trust during the fourth quarter worth about $8,798,000. Nomura Holdings Inc. increased its position in shares of Pebblebrook Hotel Trust by 44.3% in the fourth quarter. Nomura Holdings Inc. now owns 513,190 shares of the real estate investment trust's stock worth $8,201,000 after purchasing an additional 157,637 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its stake in Pebblebrook Hotel Trust by 6.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 249,445 shares of the real estate investment trust's stock valued at $3,842,000 after purchasing an additional 15,231 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its position in Pebblebrook Hotel Trust by 3.5% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 135,877 shares of the real estate investment trust's stock valued at $2,171,000 after purchasing an additional 4,645 shares during the last quarter.

Pebblebrook Hotel Trust Trading Up 2.5 %

Shares of NYSE PEB traded up $0.33 during midday trading on Friday, reaching $13.29. The company had a trading volume of 2,356,706 shares, compared to its average volume of 1,668,539. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.78. The firm's fifty day moving average price is $13.02 and its 200-day moving average price is $13.94. The stock has a market cap of $1.60 billion, a PE ratio of -13.03, a price-to-earnings-growth ratio of 0.64 and a beta of 1.84. Pebblebrook Hotel Trust has a one year low of $11.39 and a one year high of $16.65.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.42). The firm had revenue of $397.11 million for the quarter, compared to analysts' expectations 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 company's quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.62 EPS. On average, equities research analysts anticipate that Pebblebrook Hotel Trust will post 1.52 earnings per share for the current year.

Pebblebrook Hotel Trust Dividend Announcement

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

Wall Street Analysts Forecast Growth

PEB has been the topic of several research reports. Wells Fargo & Company lowered their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Friday, September 13th. StockNews.com cut Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research note on Wednesday, September 25th. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $13.90.

Insiders Place Their Bets

In other news, CEO Jon E. Bortz acquired 22,000 shares of the firm's stock in a transaction on Tuesday, August 13th. The stock was acquired at an average price of $12.21 per share, for a total transaction of $268,620.00. Following the completion of the acquisition, the chief executive officer now owns 1,341,284 shares in the company, valued at $16,377,077.64. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Jon E. Bortz bought 66,000 shares of the company's stock in a transaction on Monday, August 5th. The shares were acquired at an average cost of $11.98 per share, with a total value of $790,680.00. Following the completion of the acquisition, the chief executive officer now owns 1,319,284 shares of the company's stock, valued at $15,805,022.32. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jon E. Bortz purchased 22,000 shares of Pebblebrook Hotel Trust stock in a transaction dated Tuesday, August 13th. The shares were bought at an average price of $12.21 per share, with a total value of $268,620.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,341,284 shares of the company's stock, valued at approximately $16,377,077.64. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by company insiders.

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.