Atom Investors LP Makes New $1.36 Million Investment in Pebblebrook Hotel Trust (NYSE:PEB)

Atom Investors LP purchased a new stake in shares of Pebblebrook Hotel Trust (NYSE:PEB) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 102,989 shares of the real estate investment trust’s stock, valued at approximately $1,363,000. Atom Investors LP owned approximately 0.09% of Pebblebrook Hotel Trust at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in PEB. Asset Management One Co. Ltd. increased its position in shares of Pebblebrook Hotel Trust by 0.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 174,841 shares of the real estate investment trust’s stock valued at $2,313,000 after acquiring an additional 866 shares during the period. FMR LLC increased its holdings in shares of Pebblebrook Hotel Trust by 10.8% in the third quarter. FMR LLC now owns 9,069 shares of the real estate investment trust’s stock valued at $120,000 after purchasing an additional 884 shares during the period. Atria Investments Inc raised its stake in shares of Pebblebrook Hotel Trust by 2.2% in the third quarter. Atria Investments Inc now owns 40,897 shares of the real estate investment trust’s stock worth $541,000 after purchasing an additional 889 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Pebblebrook Hotel Trust by 1.5% during the second 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 during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position 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 during the last quarter.

Insider Buying and Selling

In other 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. The trade was a 0.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jon E. Bortz purchased 13,000 shares of Pebblebrook Hotel Trust stock in a transaction that occurred on Thursday, November 21st. The shares were bought at an average price of $12.68 per share, with a total value of $164,840.00. Following the transaction, the chief executive officer now owns 1,395,284 shares in the company, 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. 2.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Truist Financial reduced 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 research 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 lowered 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 lifted their price objective on Pebblebrook Hotel Trust from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 26th. Finally, Compass Point raised Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $14.58.

Pebblebrook Hotel Trust Trading Up 0.3 %

PEB opened at $13.90 on Tuesday. The company has a fifty day moving average of $12.87 and a two-hundred day moving average of $13.23. Pebblebrook Hotel Trust has a fifty-two week low of $11.65 and a fifty-two week high of $16.65. 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 Announces Dividend

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

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.