Pebblebrook Hotel Trust (NYSE:PEB) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 5.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 90,329 shares of the real estate investment trust’s stock after buying an additional 4,974 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Pebblebrook Hotel Trust were worth $1,443,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Pebblebrook Hotel Trust by 1.6% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 9,084,090 shares of the real estate investment trust’s stock worth $123,453,000 after buying an additional 140,799 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Pebblebrook Hotel Trust by 1.6% in the 3rd quarter. Principal Financial Group Inc. now owns 7,009,009 shares of the real estate investment trust’s stock valued at $95,252,000 after purchasing an additional 112,616 shares in the last quarter. William Blair Investment Management LLC increased its holdings in Pebblebrook Hotel Trust by 49.8% in the 3rd quarter. William Blair Investment Management LLC now owns 3,656,930 shares of the real estate investment trust’s stock valued at $49,698,000 after purchasing an additional 1,215,683 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Pebblebrook Hotel Trust by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,188,335 shares of the real estate investment trust’s stock valued at $29,739,000 after purchasing an additional 40,880 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Pebblebrook Hotel Trust by 81.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 582,908 shares of the real estate investment trust’s stock valued at $7,922,000 after purchasing an additional 262,200 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PEB. StockNews.com upgraded Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a report on Wednesday. Compass Point reiterated a “neutral” rating and issued a $17.00 price target on shares of Pebblebrook Hotel Trust in a report on Thursday, March 28th. Truist Financial increased their price target on Pebblebrook Hotel Trust from $15.00 to $16.00 and gave the company a “hold” rating in a report on Thursday, January 18th. Finally, Bank of America cut shares of Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.50 price objective for the company. in a research report on Monday, January 8th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $14.78.

Insider Transactions at Pebblebrook Hotel Trust

In other news, insider Thomas Charles Fisher sold 11,441 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $15.62, for a total transaction of $178,708.42. Following the transaction, the insider now owns 254,449 shares of the company’s stock, valued at $3,974,493.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.40% of the company’s stock.

Pebblebrook Hotel Trust Stock Down 3.8 %

NYSE:PEB opened at $15.00 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.46 and a quick ratio of 0.97. The firm has a 50-day moving average of $15.63 and a two-hundred day moving average of $14.67. Pebblebrook Hotel Trust has a 1-year low of $11.39 and a 1-year high of $16.65.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported ($0.32) EPS for the quarter, missing the consensus estimate of $0.16 by ($0.48). Pebblebrook Hotel Trust had a negative return on equity of 2.88% and a negative net margin of 5.84%. The company had revenue of $314.10 million for the quarter, compared to the consensus estimate of $304.34 million. During the same period in the previous year, the business posted $0.18 EPS. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities analysts anticipate that Pebblebrook Hotel Trust will post 1.57 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.04 annualized dividend and a dividend yield of 0.27%. Pebblebrook Hotel Trust’s payout ratio is -3.92%.

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.