Pebblebrook Hotel Trust (NYSE:PEB) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. decreased its position in Pebblebrook Hotel Trust (NYSE:PEB) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,439 shares of the real estate investment trust’s stock after selling 1,533 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Pebblebrook Hotel Trust were worth $582,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its stake in Pebblebrook Hotel Trust by 13.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,687 shares of the real estate investment trust’s stock worth $104,000 after acquiring an additional 884 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Pebblebrook Hotel Trust during the third quarter worth about $148,000. Sequoia Financial Advisors LLC lifted its position in shares of 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 worth $198,000 after purchasing an additional 942 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Pebblebrook Hotel Trust by 16.0% in the third quarter. Assetmark Inc. now owns 15,728 shares of the real estate investment trust’s stock valued at $214,000 after purchasing an additional 2,175 shares during the period. Finally, Verdence Capital Advisors LLC grew its holdings in shares of Pebblebrook Hotel Trust by 38.4% in the third quarter. Verdence Capital Advisors LLC now owns 17,505 shares of the real estate investment trust’s stock valued at $238,000 after purchasing an additional 4,861 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Truist Financial raised their price target on shares of Pebblebrook Hotel Trust from $15.00 to $16.00 and gave the company a “hold” rating in a research report on Thursday, January 18th. Bank of America lowered Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.50 target price for the company. in a report on Monday, January 8th. Compass Point restated a “neutral” rating and set a $17.00 price target on shares of Pebblebrook Hotel Trust in a report on Thursday, March 28th. Finally, StockNews.com upgraded Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $14.78.

Insider Activity

In other news, insider Thomas Charles Fisher sold 11,441 shares of Pebblebrook Hotel Trust stock in a transaction on Monday, February 26th. The shares were sold at an average price of $15.62, for a total value of $178,708.42. Following the transaction, the insider now directly owns 254,449 shares of the company’s stock, valued at approximately $3,974,493.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.40% of the company’s stock.

Pebblebrook Hotel Trust Trading Down 3.8 %

NYSE PEB opened at $15.00 on Friday. The firm’s fifty day moving average price is $15.63 and its 200 day moving average price is $14.67. Pebblebrook Hotel Trust has a 12 month low of $11.39 and a 12 month high of $16.65. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.46 and a quick ratio of 0.97. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of -14.71, a price-to-earnings-growth ratio of 0.71 and a beta of 1.86.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.48). Pebblebrook Hotel Trust had a negative return on equity of 2.88% and a negative net margin of 5.84%. The firm had revenue of $314.10 million for the quarter, compared to analysts’ expectations of $304.34 million. During the same period in the previous year, the business posted $0.18 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, sell-side analysts expect that Pebblebrook Hotel Trust will post 1.57 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend was Wednesday, March 27th. Pebblebrook Hotel Trust’s dividend payout ratio is currently -3.92%.

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.