Swiss National Bank Grows Holdings in Pebblebrook Hotel Trust (NYSE:PEB)

Swiss National Bank raised its position in Pebblebrook Hotel Trust (NYSE:PEB – Get Rating) by 2.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 317,412 shares of the real estate investment trust’s stock after buying an additional 6,800 shares during the period. Swiss National Bank’s holdings in Pebblebrook Hotel Trust were worth $4,250,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arizona State Retirement System lifted its holdings in Pebblebrook Hotel Trust by 3.9% in the 4th quarter. Arizona State Retirement System now owns 37,092 shares of the real estate investment trust’s stock valued at $497,000 after purchasing an additional 1,397 shares in the last quarter. Duality Advisers LP acquired a new position in shares of Pebblebrook Hotel Trust during the 4th quarter valued at about $826,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Pebblebrook Hotel Trust by 8.8% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 67,596 shares of the real estate investment trust’s stock valued at $869,000 after acquiring an additional 5,478 shares during the last quarter. Pacer Advisors Inc. acquired a new position in shares of Pebblebrook Hotel Trust during the 4th quarter valued at about $337,000. Finally, Fisher Asset Management LLC acquired a new position in shares of Pebblebrook Hotel Trust during the 4th quarter valued at about $5,704,000.

Pebblebrook Hotel Trust Stock Performance

Pebblebrook Hotel Trust stock opened at $13.95 on Friday. The stock has a market cap of $1.72 billion, a P/E ratio of -35.77, a price-to-earnings-growth ratio of 0.62 and a beta of 1.85. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.79. The stock has a 50 day moving average of $13.97 and a 200-day moving average of $14.68. Pebblebrook Hotel Trust has a 52 week low of $12.37 and a 52 week high of $24.30.

Pebblebrook Hotel Trust (NYSE:PEB – Get Rating) last announced its quarterly earnings data on Tuesday, February 21st. The real estate investment trust reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.52). Pebblebrook Hotel Trust had a negative return on equity of 0.34% and a negative net margin of 0.73%. The firm had revenue of $319.61 million for the quarter, compared to the consensus estimate of $309.55 million. During the same quarter last year, the business earned $0.06 earnings per share. The business’s revenue for the quarter was up 29.3% compared to the same quarter last year. On average, analysts expect that Pebblebrook Hotel Trust will post 1.62 EPS for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 17th. Investors of record on Friday, March 31st were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.29%. The ex-dividend date was Thursday, March 30th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -10.26%.

Analyst Ratings Changes

A number of research firms have recently commented on PEB. Truist Financial dropped their price objective on shares of Pebblebrook Hotel Trust from $18.00 to $16.00 and set a “hold” rating for the company in a research note on Thursday, April 13th. Morgan Stanley dropped their target price on shares of Pebblebrook Hotel Trust from $13.00 to $12.00 and set an “underweight” rating for the company in a research report on Tuesday, February 7th. 92 Resources reissued a “maintains” rating on shares of Pebblebrook Hotel Trust in a research report on Thursday, April 27th. Stifel Nicolaus increased their target price on shares of Pebblebrook Hotel Trust from $15.25 to $15.50 in a research report on Thursday, April 27th. Finally, StockNews.com downgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Saturday. Three investment analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat, Pebblebrook Hotel Trust currently has a consensus rating of “Hold” and a consensus price target of $17.70.

Insider Buying and Selling

In other news, CEO Jon E. Bortz acquired 14,000 shares of Pebblebrook Hotel Trust stock in a transaction that occurred on Thursday, March 16th. The shares were purchased at an average cost of $13.62 per share, for a total transaction of $190,680.00. Following the completion of the purchase, the chief executive officer now directly owns 1,108,102 shares of the company’s stock, valued at approximately $15,092,349.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Jon E. Bortz bought 14,865 shares of the business’s stock in a transaction on Wednesday, March 8th. The shares were bought at an average cost of $14.93 per share, for a total transaction of $221,934.45. Following the completion of the purchase, the chief executive officer now owns 1,039,967 shares of the company’s stock, valued at approximately $15,526,707.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jon E. Bortz bought 14,000 shares of the business’s stock in a transaction on Thursday, March 16th. The stock was bought at an average price of $13.62 per share, for a total transaction of $190,680.00. Following the completion of the purchase, the chief executive officer now directly owns 1,108,102 shares of the company’s stock, valued at approximately $15,092,349.24. The disclosure for this purchase can be found here. Insiders have bought 39,865 shares of company stock worth $555,064 over the last ninety days. 2.40% of the stock is owned by insiders.

Pebblebrook Hotel Trust Company Profile

(Get Rating)

Pebblebrook Hotel Trust is a real estate investment trust, engages in investments and acquisitions in hotel properties. Its hotels are located in markets like Atlanta, Georgia, Boston, Massachusetts, Chicago, Illinois, Key West, Miami and Naples, Florida, Los Angeles, San Diego and San Francisco, California, Nashville, Tennessee, New York, New York, Philadelphia, Pennsylvania, Portland, Oregon, and Seattle, Washington.