Charles Schwab Investment Management Inc. Raises Position in Pebblebrook Hotel Trust (NYSE:PEB)

Charles Schwab Investment Management Inc. raised its holdings in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,504,751 shares of the real estate investment trust’s stock after buying an additional 86,592 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Pebblebrook Hotel Trust were worth $33,939,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of PEB. FMR LLC grew its position in Pebblebrook Hotel Trust by 10.8% in the third quarter. FMR LLC now owns 9,069 shares of the real estate investment trust’s stock worth $120,000 after acquiring an additional 884 shares during the period. Atria Investments Inc grew its holdings in Pebblebrook Hotel Trust by 2.2% during the 3rd quarter. Atria Investments Inc now owns 40,897 shares of the real estate investment trust’s stock worth $541,000 after acquiring an additional 889 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in Pebblebrook Hotel Trust by 0.7% in the third quarter. Public Employees Retirement System of Ohio now owns 191,009 shares of the real estate investment trust’s stock valued at $2,527,000 after buying an additional 1,402 shares during the last quarter. Metis Global Partners LLC increased its holdings in shares of Pebblebrook Hotel Trust by 11.4% in the 4th quarter. Metis Global Partners LLC now owns 13,823 shares of the real estate investment trust’s stock valued at $187,000 after acquiring an additional 1,412 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in Pebblebrook Hotel Trust by 10.2% during the fourth quarter. Van ECK Associates Corp now owns 22,619 shares of the real estate investment trust’s stock worth $306,000 after purchasing an additional 2,096 shares in the last quarter.

Pebblebrook Hotel Trust Price Performance

Shares of NYSE PEB opened at $10.72 on Monday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78. Pebblebrook Hotel Trust has a fifty-two week low of $10.31 and a fifty-two week high of $16.19. The business has a 50 day moving average price of $12.63 and a two-hundred day moving average price of $13.02. The firm has a market cap of $1.28 billion, a PE ratio of -36.97, a price-to-earnings-growth ratio of 0.60 and a beta of 1.87.

Pebblebrook Hotel Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.01 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.37%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -9.30%.

Wall Street Analysts Forecast Growth

PEB has been the subject of a number of research reports. Wedbush cut Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price objective for the company. in a research note on Thursday, January 2nd. Wells Fargo & Company decreased their price target on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating on the stock 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 report on Thursday, February 27th. StockNews.com downgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Wednesday, March 5th. Finally, Stifel Nicolaus upgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and upped their target price for the company from $14.75 to $15.00 in a report on Friday, November 22nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $13.86.

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.