Duality Advisers LP Trims Position in Pebblebrook Hotel Trust (NYSE:PEB)

Duality Advisers LP trimmed its stake in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 5.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 85,737 shares of the real estate investment trust’s stock after selling 4,547 shares during the period. Duality Advisers LP owned 0.07% of Pebblebrook Hotel Trust worth $1,321,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Principal Securities Inc. purchased a new position in Pebblebrook Hotel Trust during the fourth quarter valued at $64,000. Quest Partners LLC bought a new position in Pebblebrook Hotel Trust during the fourth quarter valued at $157,000. Van ECK Associates Corp lifted 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 purchasing an additional 2,438 shares during the last quarter. Quadrature Capital Ltd bought a new position in Pebblebrook Hotel Trust during the fourth quarter valued at $266,000. Finally, Custom Index Systems LLC bought a new position in Pebblebrook Hotel Trust during the fourth quarter valued at $267,000.

Pebblebrook Hotel Trust Trading Down 0.2 %

PEB traded down $0.03 on Friday, reaching $13.34. 631,532 shares of the company traded hands, compared to its average volume of 1,502,209. Pebblebrook Hotel Trust has a one year low of $11.39 and a one year high of $16.65. The firm has a fifty day simple moving average of $14.02 and a two-hundred day simple moving average of $15.05. The company has a market cap of $1.61 billion, a P/E ratio of -13.36, a price-to-earnings-growth ratio of 0.63 and a beta of 1.84. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.78.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its quarterly earnings data 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). The company had revenue of $314.10 million for the quarter, compared to the consensus estimate of $304.34 million. Pebblebrook Hotel Trust had a negative net margin of 5.84% and a negative return on equity of 2.88%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.18 EPS. As a group, equities research analysts expect that Pebblebrook Hotel Trust will post 1.48 earnings per share for the current year.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend is Friday, June 28th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is -3.92%.

Insider Buying and Selling at Pebblebrook Hotel Trust

In other news, CEO Jon E. Bortz acquired 17,000 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were purchased at an average price of $13.67 per share, with a total value of $232,390.00. Following the transaction, the chief executive officer now directly owns 1,208,284 shares in the company, valued at $16,517,242.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Jon E. Bortz bought 17,000 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was bought at an average cost of $13.67 per share, for a total transaction of $232,390.00. Following the purchase, the chief executive officer now directly owns 1,208,284 shares of the company’s stock, valued at $16,517,242.28. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Phillip M. Miller sold 3,500 shares of Pebblebrook Hotel Trust stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $13.29, for a total transaction of $46,515.00. Following the sale, the director now owns 13,098 shares of the company’s stock, valued at $174,072.42. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on PEB shares. Compass Point reiterated a “neutral” rating and set a $17.00 price objective on shares of Pebblebrook Hotel Trust in a research report on Thursday, March 28th. Truist Financial lowered their price objective on shares of Pebblebrook Hotel Trust from $16.00 to $15.00 and set a “hold” rating for the company in a research report on Thursday, May 30th. Finally, StockNews.com lowered shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Thursday, May 2nd. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $14.50.

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.