Covestor Ltd Has $60,000 Stake in Pebblebrook Hotel Trust (NYSE:PEB)

Covestor Ltd decreased its holdings in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 63.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,897 shares of the real estate investment trust’s stock after selling 6,697 shares during the quarter. Covestor Ltd’s holdings in Pebblebrook Hotel Trust were worth $60,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of PEB. Norges Bank acquired a new stake in shares of Pebblebrook Hotel Trust during the 4th quarter worth approximately $8,798,000. Phocas Financial Corp. grew its holdings in Pebblebrook Hotel Trust by 437.3% during the fourth quarter. Phocas Financial Corp. now owns 220,570 shares of the real estate investment trust’s stock valued at $3,525,000 after purchasing an additional 179,518 shares during the period. Jump Financial LLC grew its holdings in Pebblebrook Hotel Trust by 241.7% during the fourth quarter. Jump Financial LLC now owns 234,076 shares of the real estate investment trust’s stock valued at $3,741,000 after purchasing an additional 165,576 shares during the period. Nomura Holdings Inc. grew its holdings in Pebblebrook Hotel Trust by 44.3% during the fourth quarter. Nomura Holdings Inc. now owns 513,190 shares of the real estate investment trust’s stock valued at $8,201,000 after purchasing an additional 157,637 shares during the period. Finally, Louisiana State Employees Retirement System acquired a new position in Pebblebrook Hotel Trust during the fourth quarter valued at approximately $964,000.

Insider Transactions at Pebblebrook Hotel Trust

In other news, Director Phillip M. Miller sold 3,500 shares of the business’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $13.29, for a total value of $46,515.00. Following the sale, the director now owns 13,098 shares of the company’s stock, valued at $174,072.42. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Jon E. Bortz acquired 17,000 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was acquired at an average price of $13.67 per share, with a total value of $232,390.00. Following the completion of the transaction, the chief executive officer now directly owns 1,208,284 shares of the company’s stock, valued at approximately $16,517,242.28. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Phillip M. Miller sold 3,500 shares of the company’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $13.29, for a total transaction of $46,515.00. Following the sale, the director now directly owns 13,098 shares of the company’s stock, valued at approximately $174,072.42. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by insiders.

Pebblebrook Hotel Trust Trading Down 4.4 %

Shares of PEB opened at $13.48 on Thursday. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.78. Pebblebrook Hotel Trust has a twelve month low of $11.39 and a twelve month high of $16.65. The firm’s 50 day moving average price is $13.87 and its two-hundred day moving average price is $14.91.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.48). The business had revenue of $314.10 million during the quarter, compared to the consensus estimate of $304.34 million. Pebblebrook Hotel Trust had a negative return on equity of 2.88% and a negative net margin of 5.84%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.18 EPS. As a group, research analysts forecast that Pebblebrook Hotel Trust will post 1.48 earnings per share for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date was Friday, June 28th. Pebblebrook Hotel Trust’s dividend payout ratio is presently -3.92%.

Analyst Ratings Changes

A number of brokerages recently issued reports on PEB. Truist Financial decreased their price objective on shares of Pebblebrook Hotel Trust from $16.00 to $15.00 and set a “hold” rating for the company in a report on Thursday, May 30th. Compass Point reaffirmed a “neutral” rating and issued a $17.00 price target on shares of Pebblebrook Hotel Trust in a research note on Thursday, March 28th. Finally, StockNews.com lowered shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Thursday, May 2nd. Three research analysts have rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $14.42.

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.