Corient Private Wealth LLC Sells 1,451 Shares of Pebblebrook Hotel Trust (NYSE:PEB)

Corient Private Wealth LLC lessened its position in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 6.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,759 shares of the real estate investment trust’s stock after selling 1,451 shares during the quarter. Corient Private Wealth LLC’s holdings in Pebblebrook Hotel Trust were worth $295,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Vestcor Inc bought a new stake in Pebblebrook Hotel Trust in the fourth quarter worth $1,483,000. Swiss National Bank grew its stake in shares of Pebblebrook Hotel Trust by 0.7% in the 4th quarter. Swiss National Bank now owns 237,012 shares of the real estate investment trust’s stock worth $3,212,000 after buying an additional 1,700 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Pebblebrook Hotel Trust by 2.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 83,899 shares of the real estate investment trust’s stock valued at $1,137,000 after buying an additional 1,918 shares in the last quarter. Aigen Investment Management LP purchased a new stake in shares of Pebblebrook Hotel Trust during the 4th quarter valued at about $189,000. Finally, Cbre Investment Management Listed Real Assets LLC bought a new position in shares of Pebblebrook Hotel Trust in the 4th quarter valued at about $13,788,000.

Pebblebrook Hotel Trust Trading Down 0.2 %

NYSE PEB opened at $10.13 on Tuesday. Pebblebrook Hotel Trust has a 12 month low of $9.93 and a 12 month high of $16.06. The company’s 50-day moving average price is $11.99 and its 200-day moving average price is $12.84. The stock has a market cap of $1.21 billion, a PE ratio of -34.93, a PEG ratio of 0.60 and a beta of 1.87. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78.

Pebblebrook Hotel Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date is Monday, March 31st. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -9.30%.

Analysts Set New Price Targets

A number of brokerages have issued reports on PEB. Compass Point downgraded Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $17.00 to $15.00 in a research report on Monday, March 10th. StockNews.com lowered Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Wednesday, March 5th. Wells Fargo & Company dropped their price objective on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 18th. Raymond James set a $14.00 target price on shares of Pebblebrook Hotel Trust and gave the company an “outperform” rating in a research note on Thursday, February 27th. Finally, Wedbush cut shares of Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price target for the company. in a research note on Thursday, January 2nd. Two 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $13.86.

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.