Entropy Technologies LP Has $744,000 Holdings in Pebblebrook Hotel Trust (NYSE:PEB)

Entropy Technologies LP grew its position in Pebblebrook Hotel Trust (NYSE:PEB) by 93.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 54,880 shares of the real estate investment trust’s stock after acquiring an additional 26,487 shares during the period. Entropy Technologies LP’s holdings in Pebblebrook Hotel Trust were worth $744,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Nordea Investment Management AB raised its position in Pebblebrook Hotel Trust by 90.2% in the fourth quarter. Nordea Investment Management AB now owns 746,763 shares of the real estate investment trust’s stock valued at $10,193,000 after purchasing an additional 354,116 shares during the last quarter. Atom Investors LP acquired a new position in shares of Pebblebrook Hotel Trust in the third quarter valued at approximately $1,363,000. GSA Capital Partners LLP raised its holdings in Pebblebrook Hotel Trust by 47.4% in the 3rd quarter. GSA Capital Partners LLP now owns 223,654 shares of the real estate investment trust’s stock valued at $2,959,000 after buying an additional 71,920 shares during the last quarter. PEAK6 Investments LLC bought a new position in Pebblebrook Hotel Trust in the 3rd quarter valued at approximately $884,000. Finally, Quest Partners LLC acquired a new stake in Pebblebrook Hotel Trust during the 3rd quarter worth approximately $691,000.

Pebblebrook Hotel Trust Stock Performance

PEB stock opened at $12.42 on Wednesday. The firm has a market cap of $1.49 billion, a PE ratio of -42.81, a price-to-earnings-growth ratio of 0.62 and a beta of 1.85. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. The stock has a 50-day moving average price of $13.68 and a 200-day moving average price of $13.18. Pebblebrook Hotel Trust has a 1-year low of $11.65 and a 1-year high of $16.65.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.32%. Pebblebrook Hotel Trust’s payout ratio is currently -13.79%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PEB. Compass Point upgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Thursday, November 21st. Wells Fargo & Company raised their target price on Pebblebrook Hotel Trust from $14.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Monday, December 9th. Truist Financial cut their target price on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. Wedbush cut Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price target for the company. in a research note on Thursday, January 2nd. Finally, StockNews.com lowered Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $14.67.

Insider Buying and Selling at Pebblebrook Hotel Trust

In related news, CEO Jon E. Bortz purchased 13,000 shares of the firm’s stock in a transaction 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 purchase, the chief executive officer now owns 1,395,284 shares in the company, valued at approximately $17,692,201.12. This trade represents a 0.94 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.