Pebblebrook Hotel Trust (NYSE:PEB) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its stake in Pebblebrook Hotel Trust (NYSE:PEB) by 11.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,440 shares of the real estate investment trust’s stock after selling 4,664 shares during the period. Nisa Investment Advisors LLC’s holdings in Pebblebrook Hotel Trust were worth $349,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of Pebblebrook Hotel Trust in the 1st quarter worth approximately $510,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Pebblebrook Hotel Trust in the 4th quarter worth approximately $166,000. Nuveen Asset Management LLC lifted its stake in shares of Pebblebrook Hotel Trust by 82.3% in the 4th quarter. Nuveen Asset Management LLC now owns 2,345,333 shares of the real estate investment trust’s stock worth $31,779,000 after acquiring an additional 1,058,664 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in shares of Pebblebrook Hotel Trust by 8.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,713,156 shares of the real estate investment trust’s stock worth $90,964,000 after acquiring an additional 525,991 shares during the period. Finally, Alliancebernstein L.P. raised its holdings in shares of Pebblebrook Hotel Trust by 3.4% in the 4th quarter. Alliancebernstein L.P. now owns 161,726 shares of the real estate investment trust’s stock worth $2,191,000 after purchasing an additional 5,246 shares in the last quarter.

Analyst Ratings Changes

A number of research firms recently commented on PEB. Evercore ISI dropped their target price on shares of Pebblebrook Hotel Trust from $15.00 to $11.00 and set an “in-line” rating on the stock in a report on Monday, April 28th. Truist Financial set a $9.00 price target on shares of Pebblebrook Hotel Trust and gave the company a “hold” rating in a report on Monday, June 2nd. Wedbush set a $9.00 price target on shares of Pebblebrook Hotel Trust and gave the company an “underperform” rating in a report on Tuesday, May 6th. Stifel Nicolaus cut their price target on shares of Pebblebrook Hotel Trust from $16.50 to $13.25 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Finally, Morgan Stanley restated an “underweight” rating and set a $10.00 price target on shares of Pebblebrook Hotel Trust in a report on Tuesday. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $11.69.

Pebblebrook Hotel Trust Stock Down 1.0%

Pebblebrook Hotel Trust stock opened at $10.53 on Thursday. The firm has a market cap of $1.25 billion, a PE ratio of -21.93 and a beta of 1.75. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.09 and a current ratio of 1.09. The firm’s 50 day moving average price is $9.82 and its two-hundred day moving average price is $10.78. Pebblebrook Hotel Trust has a twelve month low of $7.41 and a twelve month high of $15.12.

Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. The firm had revenue of $320.27 million for the quarter, compared to analyst estimates of $311.74 million. Pebblebrook Hotel Trust had a negative net margin of 0.61% and a negative return on equity of 0.32%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.21 EPS. On average, research analysts predict that Pebblebrook Hotel Trust will post 1.5 EPS for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.38%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is -8.33%.

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.