Pebblebrook Hotel Trust (NYSE:PEB) Stock Position Lifted by Quantbot Technologies LP

Quantbot Technologies LP grew its holdings in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 47.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 134,485 shares of the real estate investment trust's stock after buying an additional 43,539 shares during the quarter. Quantbot Technologies LP owned 0.11% of Pebblebrook Hotel Trust worth $1,779,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in PEB. Daiwa Securities Group Inc. boosted its position in Pebblebrook Hotel Trust by 6.0% during the 3rd quarter. Daiwa Securities Group Inc. now owns 40,328 shares of the real estate investment trust's stock worth $534,000 after purchasing an additional 2,278 shares during the period. Cerity Partners LLC lifted its stake in shares of Pebblebrook Hotel Trust by 35.1% during the third quarter. Cerity Partners LLC now owns 34,806 shares of the real estate investment trust's stock worth $460,000 after purchasing an additional 9,045 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Pebblebrook Hotel Trust by 5.7% in the third 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. Intech Investment Management LLC acquired a new stake in shares of Pebblebrook Hotel Trust in the third quarter valued at about $403,000. Finally, Quest Partners LLC purchased a new stake in shares of Pebblebrook Hotel Trust during the 3rd quarter valued at about $691,000.

Insider Activity at Pebblebrook Hotel Trust

In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz sold 11,000 shares of the stock in a transaction 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 sale, the chief executive officer now directly 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jon E. Bortz purchased 13,000 shares of Pebblebrook Hotel Trust stock in a transaction dated Thursday, November 21st. The shares were purchased at an average cost of $12.68 per share, with a total value 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 position. The disclosure for this purchase can be found here. Insiders own 2.40% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. 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. Wells Fargo & Company increased their price target on Pebblebrook Hotel Trust from $13.00 to $14.00 and gave the company an "equal weight" rating in a report on Tuesday. Compass Point raised 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. Robert W. Baird decreased their price target on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, October 31st. Finally, Truist Financial cut their price target 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. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Pebblebrook Hotel Trust currently has an average rating of "Hold" and an average price target of $14.58.

Pebblebrook Hotel Trust Stock Performance

Shares of NYSE PEB traded up $0.05 during trading on Friday, reaching $13.85. The stock had a trading volume of 802,603 shares, compared to its average volume of 1,676,869. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market cap of $1.66 billion, a PE ratio of -47.76, a P/E/G ratio of 0.67 and a beta of 1.85. Pebblebrook Hotel Trust has a one year low of $11.65 and a one year high of $16.65. The firm's 50 day moving average price is $12.87 and its two-hundred day moving average price is $13.25.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend was Monday, September 30th. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is presently -13.79%.

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.