Swiss National Bank Reduces Position in Pebblebrook Hotel Trust (NYSE:PEB)

Swiss National Bank cut its stake in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 10.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 283,712 shares of the real estate investment trust’s stock after selling 33,700 shares during the quarter. Swiss National Bank owned about 0.23% of Pebblebrook Hotel Trust worth $3,983,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Raymond James & Associates grew its holdings in shares of Pebblebrook Hotel Trust by 14.2% during the fourth quarter. Raymond James & Associates now owns 310,205 shares of the real estate investment trust’s stock valued at $4,154,000 after buying an additional 38,616 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in Pebblebrook Hotel Trust by 8.3% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 73,228 shares of the real estate investment trust’s stock valued at $1,028,000 after purchasing an additional 5,632 shares during the last quarter. Rehmann Capital Advisory Group boosted its holdings in Pebblebrook Hotel Trust by 27.0% in the fourth quarter. Rehmann Capital Advisory Group now owns 60,912 shares of the real estate investment trust’s stock valued at $816,000 after purchasing an additional 12,946 shares during the last quarter. Dark Forest Capital Management LP boosted its holdings in Pebblebrook Hotel Trust by 620.2% in the fourth quarter. Dark Forest Capital Management LP now owns 328,009 shares of the real estate investment trust’s stock valued at $4,392,000 after purchasing an additional 282,468 shares during the last quarter. Finally, PGGM Investments purchased a new stake in Pebblebrook Hotel Trust in the fourth quarter valued at $11,700,000.

Insider Buying and Selling at Pebblebrook Hotel Trust

In other news, CEO Jon E. Bortz purchased 28,000 shares of the business’s stock in a transaction dated Tuesday, June 20th. The stock was acquired at an average price of $12.84 per share, for a total transaction of $359,520.00. Following the acquisition, the chief executive officer now directly owns 1,150,102 shares of the company’s stock, valued at $14,767,309.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Phillip M. Miller sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $14.46, for a total transaction of $144,600.00. Following the completion of the sale, the director now owns 11,657 shares in the company, valued at approximately $168,560.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jon E. Bortz bought 28,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The stock was bought at an average price of $12.84 per share, with a total value of $359,520.00. Following the acquisition, the chief executive officer now directly owns 1,150,102 shares in the company, valued at approximately $14,767,309.68. The disclosure for this purchase can be found here. 2.40% of the stock is owned by insiders.

Pebblebrook Hotel Trust Stock Up 0.3 %

PEB opened at $14.52 on Friday. Pebblebrook Hotel Trust has a twelve month low of $12.37 and a twelve month high of $18.81. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.80. The company has a 50-day moving average price of $14.35 and a 200 day moving average price of $14.16. The company has a market cap of $1.75 billion, a PE ratio of -53.78, a price-to-earnings-growth ratio of 0.66 and a beta of 1.83.

Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.32). The business had revenue of $384.34 million during the quarter, compared to analyst estimates of $382.65 million. Pebblebrook Hotel Trust had a net margin of 0.43% and a return on equity of 0.20%. The firm’s revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.72 EPS. Sell-side analysts expect that Pebblebrook Hotel Trust will post 1.56 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were issued a $0.01 dividend. The ex-dividend date was Thursday, June 29th. This represents a $0.04 dividend on an annualized basis and a yield of 0.28%. Pebblebrook Hotel Trust’s payout ratio is -14.81%.

Analyst Upgrades and Downgrades

Several research firms have commented on PEB. TheStreet raised shares of Pebblebrook Hotel Trust from a “d+” rating to a “c” rating in a report on Friday, July 28th. Citigroup lowered their target price on shares of Pebblebrook Hotel Trust from $16.50 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, July 14th. Barclays lowered their target price on shares of Pebblebrook Hotel Trust from $16.00 to $15.00 in a research note on Wednesday, July 5th. Morgan Stanley lowered their target price on shares of Pebblebrook Hotel Trust from $12.00 to $11.00 and set an “underweight” rating on the stock in a research note on Friday, August 25th. Finally, Wells Fargo & Company increased their target price on shares of Pebblebrook Hotel Trust from $14.50 to $15.00 in a research note on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $17.28.

Pebblebrook Hotel Trust Company 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.