Atom Investors LP Invests $1.36 Million in Pebblebrook Hotel Trust (NYSE:PEB)

Atom Investors LP purchased a new stake in Pebblebrook Hotel Trust (NYSE:PEB) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 102,989 shares of the real estate investment trust’s stock, valued at approximately $1,363,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Covestor Ltd grew its holdings in Pebblebrook Hotel Trust by 80.1% in the 3rd quarter. Covestor Ltd now owns 4,471 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 1,989 shares in the last quarter. Quarry LP increased its position in Pebblebrook Hotel Trust by 2,376.9% during the second quarter. Quarry LP now owns 4,508 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 4,326 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Pebblebrook Hotel Trust by 35.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,677 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 1,212 shares during the last quarter. FMR LLC raised its stake in Pebblebrook Hotel Trust by 10.8% during the third quarter. FMR LLC now owns 9,069 shares of the real estate investment trust’s stock worth $120,000 after purchasing an additional 884 shares during the period. Finally, FORA Capital LLC acquired a new position in Pebblebrook Hotel Trust in the 3rd quarter valued at about $133,000.

Pebblebrook Hotel Trust Stock Up 0.3 %

PEB opened at $13.90 on Tuesday. Pebblebrook Hotel Trust has a 52 week low of $11.65 and a 52 week high of $16.65. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 0.81. The business has a fifty day simple moving average of $12.87 and a 200-day simple moving average of $13.23.

Pebblebrook Hotel Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend was Monday, September 30th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is -13.79%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Compass Point raised shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Thursday, November 21st. Stifel Nicolaus upgraded Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and lifted their target price for the company from $14.75 to $15.00 in a research report on Friday, November 22nd. Robert W. Baird lowered their price target on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. StockNews.com lowered shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Finally, Truist Financial lowered their target price on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating for the company in a research note on Monday, October 28th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $14.58.

Insider Buying and Selling at Pebblebrook Hotel Trust

In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz sold 11,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $21.37, for a total value of $235,070.00. Following the completion of the transaction, the chief executive officer now owns 1,349,284 shares of the company’s stock, valued at $28,834,199.08. This trade represents a 0.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jon E. Bortz acquired 13,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were bought at an average cost of $12.68 per share, for a total transaction of $164,840.00. Following the transaction, the chief executive officer now directly owns 1,395,284 shares of the company’s stock, valued at approximately $17,692,201.12. This trade represents a 0.94 % increase in their position. The disclosure for this purchase can be found here. 2.60% of the stock is currently owned by corporate insiders.

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.