Nisa Investment Advisors LLC lowered its stake in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 19.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,900 shares of the real estate investment trust’s stock after selling 1,400 shares during the period. Nisa Investment Advisors LLC’s holdings in Pebblebrook Hotel Trust were worth $172,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of PEB. Silvercrest Asset Management Group LLC raised its stake in Pebblebrook Hotel Trust by 15.6% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 4,656,710 shares of the real estate investment trust’s stock worth $138,538,000 after buying an additional 629,871 shares in the last quarter. Edge Asset Management Inc. increased its stake in shares of Pebblebrook Hotel Trust by 4.1% in the fourth quarter. Edge Asset Management Inc. now owns 1,637,928 shares of the real estate investment trust’s stock worth $48,728,000 after buying an additional 64,434 shares during the last quarter. Macquarie Group Ltd. increased its position in Pebblebrook Hotel Trust by 17.6% in the fourth quarter. Macquarie Group Ltd. now owns 767,308 shares of the real estate investment trust’s stock worth $22,828,000 after buying an additional 115,069 shares in the last quarter. Heitman Real Estate Securities LLC increased its position in Pebblebrook Hotel Trust by 17.2% in the fourth quarter. Heitman Real Estate Securities LLC now owns 758,463 shares of the real estate investment trust’s stock worth $22,564,000 after buying an additional 111,572 shares in the last quarter. Finally, Norges Bank bought a new position in Pebblebrook Hotel Trust during the fourth quarter worth $21,625,000.
Shares of Pebblebrook Hotel Trust (NYSE PEB) traded down 0.03% during mid-day trading on Monday, hitting $33.49. 819,213 shares of the stock were exchanged. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 48.54 and a beta of 1.26. Pebblebrook Hotel Trust has a 52-week low of $23.56 and a 52-week high of $33.64. The stock has a 50-day moving average price of $31.33 and a 200 day moving average price of $29.85.
Pebblebrook Hotel Trust (NYSE:PEB) last announced its quarterly earnings data on Thursday, April 27th. The real estate investment trust reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.05. The business had revenue of $182.18 million during the quarter, compared to the consensus estimate of $184.69 million. Pebblebrook Hotel Trust had a return on equity of 4.38% and a net margin of 8.87%. The business’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.56 earnings per share. On average, equities research analysts expect that Pebblebrook Hotel Trust will post $0.87 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date is Wednesday, June 28th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is 220.29%.
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A number of analysts recently commented on the stock. BidaskClub upgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. ValuEngine upgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded shares of Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research report on Saturday, April 29th. Boenning Scattergood restated a “neutral” rating on shares of Pebblebrook Hotel Trust in a research report on Tuesday, April 18th. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on shares of Pebblebrook Hotel Trust in a report on Monday, April 10th. They set a “neutral” rating and a $27.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. Pebblebrook Hotel Trust presently has a consensus rating of “Hold” and a consensus target price of $29.33.
In other Pebblebrook Hotel Trust news, Chairman Jon E. Bortz sold 10,096 shares of the business’s stock in a transaction that occurred on Tuesday, April 11th. The stock was sold at an average price of $29.66, for a total value of $299,447.36. Following the completion of the sale, the chairman now owns 664,841 shares in the company, valued at $19,719,184.06. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Thomas Charles Fisher sold 13,025 shares of the company’s stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $27.44, for a total value of $357,406.00. Following the sale, the executive vice president now owns 100,577 shares of the company’s stock, valued at approximately $2,759,832.88. The disclosure for this sale can be found here. Insiders sold 72,912 shares of company stock valued at $2,048,812 over the last ninety days. 1.90% of the stock is currently owned by corporate insiders.
Pebblebrook Hotel Trust Company Profile
Pebblebrook Hotel Trust is an internally managed hotel investment company. The Company is a real estate investment trust (REIT) that acquires and invests in hotel properties located primarily in cities of the United States. As of December 31, 2016, the Company owned 29 hotels with a total of 7,219 guest rooms.
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