Pebblebrook Hotel Trust (NYSE:PEB) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its holdings in Pebblebrook Hotel Trust (NYSE:PEBFree Report) by 4.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,657,543 shares of the real estate investment trust’s stock after selling 71,570 shares during the quarter. Dimensional Fund Advisors LP owned 1.38% of Pebblebrook Hotel Trust worth $26,489,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Principal Securities Inc. acquired a new stake in shares of Pebblebrook Hotel Trust in the fourth quarter worth $64,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Pebblebrook Hotel Trust in the third quarter worth $148,000. Sequoia Financial Advisors LLC grew its position in Pebblebrook Hotel Trust by 6.9% during the third quarter. Sequoia Financial Advisors LLC now owns 14,579 shares of the real estate investment trust’s stock valued at $198,000 after buying an additional 942 shares during the period. Van ECK Associates Corp grew its position in Pebblebrook Hotel Trust by 17.1% during the fourth quarter. Van ECK Associates Corp now owns 16,665 shares of the real estate investment trust’s stock valued at $266,000 after buying an additional 2,438 shares during the period. Finally, Custom Index Systems LLC acquired a new stake in Pebblebrook Hotel Trust during the fourth quarter valued at $267,000.

Pebblebrook Hotel Trust Price Performance

Shares of PEB stock opened at $14.15 on Monday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.46 and a quick ratio of 0.46. The firm’s 50-day moving average is $14.88 and its two-hundred day moving average is $15.05. Pebblebrook Hotel Trust has a 12 month low of $11.39 and a 12 month high of $16.65. The company has a market capitalization of $1.71 billion, a PE ratio of -13.87, a price-to-earnings-growth ratio of 0.65 and a beta of 1.84.

Pebblebrook Hotel Trust (NYSE:PEBGet Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.48). Pebblebrook Hotel Trust had a negative net margin of 5.84% and a negative return on equity of 2.88%. The company had revenue of $314.10 million for the quarter, compared to analyst estimates of $304.34 million. During the same quarter in the prior year, the business earned $0.18 earnings per share. Pebblebrook Hotel Trust’s revenue was up 2.7% on a year-over-year basis. Analysts predict that Pebblebrook Hotel Trust will post 1.57 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, April 15th. Investors of record on Friday, March 29th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date was Wednesday, March 27th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is currently -3.92%.

Insider Activity at Pebblebrook Hotel Trust

In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz acquired 17,000 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was purchased at an average price of $13.67 per share, for a total transaction of $232,390.00. Following the completion of the acquisition, the chief executive officer now owns 1,208,284 shares of the company’s stock, valued at approximately $16,517,242.28. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.40% of the company’s stock.

Analysts Set New Price Targets

PEB has been the topic of several analyst reports. lowered shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Thursday, May 2nd. Truist Financial dropped their target price on shares of Pebblebrook Hotel Trust from $16.00 to $15.00 and set a “hold” rating on the stock in a research report on Thursday. Finally, Compass Point reiterated a “neutral” rating and issued a $17.00 target price on shares of Pebblebrook Hotel Trust in a research report on Thursday, March 28th. Three equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, Pebblebrook Hotel Trust has an average rating of “Hold” and a consensus price target of $14.56.

Check Out Our Latest Stock Report on Pebblebrook Hotel Trust

Pebblebrook Hotel Trust Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Pebblebrook Hotel Trust (NYSE:PEB)

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