10,069 Shares in Pebblebrook Hotel Trust (NYSE:PEB) Acquired by FORA Capital LLC

FORA Capital LLC purchased a new stake in shares of Pebblebrook Hotel Trust (NYSE:PEB) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 10,069 shares of the real estate investment trust’s stock, valued at approximately $133,000.

Several other institutional investors also recently bought and sold shares of PEB. FMR LLC lifted its stake in shares of Pebblebrook Hotel Trust by 10.8% during the third quarter. FMR LLC now owns 9,069 shares of the real estate investment trust’s stock worth $120,000 after purchasing an additional 884 shares in the last quarter. Quantbot Technologies LP lifted its position in Pebblebrook Hotel Trust by 47.9% during the 3rd quarter. Quantbot Technologies LP now owns 134,485 shares of the real estate investment trust’s stock worth $1,779,000 after acquiring an additional 43,539 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in Pebblebrook Hotel Trust by 6.0% in the 3rd quarter. Daiwa Securities Group Inc. now owns 40,328 shares of the real estate investment trust’s stock worth $534,000 after acquiring an additional 2,278 shares during the period. Cerity Partners LLC grew its position in Pebblebrook Hotel Trust by 35.1% in the third 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Pebblebrook Hotel Trust by 5.7% during the third 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 purchasing an additional 130,265 shares during the period.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PEB. Compass Point upgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Thursday, November 21st. Robert W. Baird decreased their price objective 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. StockNews.com lowered Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 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, November 26th. Finally, Stifel Nicolaus upgraded Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $14.75 to $15.00 in a report on Friday, November 22nd. Two investment 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $14.58.

Pebblebrook Hotel Trust Stock Up 0.4 %

NYSE:PEB opened at $13.85 on Friday. 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 company has a market capitalization of $1.66 billion, a price-to-earnings ratio of -47.76, a price-to-earnings-growth 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 stock has a 50-day simple moving average of $12.87 and a 200 day simple moving average of $13.25.

Pebblebrook Hotel Trust Announces Dividend

The company 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. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.29%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is -13.79%.

Insider Activity at Pebblebrook Hotel Trust

In related news, CEO Jon E. Bortz sold 11,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $21.37, for a total transaction of $235,070.00. Following the completion of the sale, the chief executive officer now owns 1,349,284 shares of the company’s stock, valued at $28,834,199.08. This represents a 0.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jon E. Bortz bought 13,000 shares of the business’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 acquisition, the chief executive officer now directly owns 1,395,284 shares of the company’s stock, valued at $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 2.40% of the company’s stock.

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.