Pebblebrook Hotel Trust (NYSE:PEB) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC cut its holdings in Pebblebrook Hotel Trust (NYSE:PEB) by 15.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,028 shares of the real estate investment trust’s stock after selling 6,557 shares during the period. Natixis Advisors LLC’s holdings in Pebblebrook Hotel Trust were worth $490,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position in Pebblebrook Hotel Trust by 707.8% in the second quarter. Blue Trust Inc. now owns 11,116 shares of the real estate investment trust’s stock valued at $153,000 after purchasing an additional 9,740 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Pebblebrook Hotel Trust by 0.7% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 135,174 shares of the real estate investment trust’s stock valued at $1,859,000 after buying an additional 916 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Pebblebrook Hotel Trust by 1.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 60,600 shares of the real estate investment trust’s stock worth $833,000 after purchasing an additional 900 shares in the last quarter. Van ECK Associates Corp boosted its position in Pebblebrook Hotel Trust by 7.1% during the second quarter. Van ECK Associates Corp now owns 18,270 shares of the real estate investment trust’s stock worth $251,000 after acquiring an additional 1,215 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Pebblebrook Hotel Trust by 166.1% in the 2nd quarter. Victory Capital Management Inc. now owns 80,444 shares of the real estate investment trust’s stock valued at $1,106,000 after acquiring an additional 50,210 shares during the period.

Wall Street Analyst Weigh In

PEB has been the subject of several research reports. Truist Financial decreased their price target on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating for the company in a report on Monday, October 28th. Wells Fargo & Company increased their price target on shares of Pebblebrook Hotel Trust from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Tuesday. StockNews.com lowered Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Compass Point upgraded Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 target price for the company in a report on Thursday, November 21st. Finally, Robert W. Baird cut their price target on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. 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. Based on data from MarketBeat.com, Pebblebrook Hotel Trust presently has an average rating of “Hold” and an average target price of $14.58.

Pebblebrook Hotel Trust Trading Down 0.6 %

Shares of PEB opened at $13.80 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78. Pebblebrook Hotel Trust has a 12-month low of $11.65 and a 12-month high of $16.65. The firm has a market capitalization of $1.65 billion, a PE ratio of -47.58, a price-to-earnings-growth ratio of 0.65 and a beta of 1.85. The stock’s fifty day simple moving average is $12.88 and its 200-day simple moving average is $13.27.

Pebblebrook Hotel Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.29%. The ex-dividend date was Monday, September 30th. Pebblebrook Hotel Trust’s payout ratio is -13.79%.

Insiders Place Their Bets

In other news, CEO Jon E. Bortz sold 11,000 shares of the firm’s 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 completion of 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jon E. Bortz acquired 13,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was acquired at an average cost of $12.68 per share, with a total value of $164,840.00. Following the completion of the transaction, the chief executive officer now owns 1,395,284 shares of the company’s stock, valued at approximately $17,692,201.12. The trade was a 0.94 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.60% 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.