Quantbot Technologies LP Boosts Stock Holdings in Pebblebrook Hotel Trust (NYSE:PEB)

Quantbot Technologies LP boosted its position in Pebblebrook Hotel Trust (NYSE:PEB) by 47.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 134,485 shares of the real estate investment trust’s stock after purchasing an additional 43,539 shares during the period. Quantbot Technologies LP owned about 0.11% of Pebblebrook Hotel Trust worth $1,779,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of PEB. Daiwa Securities Group Inc. raised its holdings 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 valued at $534,000 after acquiring an additional 2,278 shares during the period. Cerity Partners LLC raised its holdings in Pebblebrook Hotel Trust by 35.1% during the 3rd quarter. Cerity Partners LLC now owns 34,806 shares of the real estate investment trust’s stock valued at $460,000 after acquiring an additional 9,045 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Pebblebrook Hotel Trust by 5.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,418,159 shares of the real estate investment trust’s stock valued at $31,992,000 after acquiring an additional 130,265 shares during the period. Intech Investment Management LLC bought a new stake in Pebblebrook Hotel Trust during the 3rd quarter valued at $403,000. Finally, Quest Partners LLC bought a new stake in Pebblebrook Hotel Trust during the 3rd quarter valued at $691,000.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PEB. Truist Financial decreased 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. StockNews.com cut shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Robert W. Baird decreased their price target on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Wells Fargo & Company upped 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 report on Tuesday. Finally, 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 note on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.58.

Pebblebrook Hotel Trust Price Performance

PEB stock opened at $13.85 on Friday. The firm has a 50 day moving average price of $12.87 and a 200-day moving average price of $13.27. Pebblebrook Hotel Trust has a 52-week low of $11.65 and a 52-week high of $16.65. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of -47.76, a PEG ratio of 0.67 and a beta of 1.85. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 0.81.

Pebblebrook Hotel Trust Announces Dividend

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

Insider Buying and Selling

In related news, CEO Jon E. Bortz bought 13,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was acquired at an average cost of $12.68 per share, for a total transaction of $164,840.00. Following the purchase, the chief executive officer now owns 1,395,284 shares in the company, valued at approximately $17,692,201.12. This represents a 0.94 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jon E. Bortz sold 11,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $21.37, for a total transaction 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 approximately $28,834,199.08. The trade was a 0.81 % decrease in their position. The disclosure for this sale can be found here. 2.40% of the stock is owned by company insiders.

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.