Pebblebrook Hotel Trust (NYSE:PEB) Shares Sold by Inceptionr LLC

Inceptionr LLC lessened its holdings in Pebblebrook Hotel Trust (NYSE:PEB) by 67.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,936 shares of the real estate investment trust’s stock after selling 22,183 shares during the period. Inceptionr LLC’s holdings in Pebblebrook Hotel Trust were worth $148,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of PEB. Covestor Ltd lifted its stake in shares of Pebblebrook Hotel Trust by 80.1% in the 3rd quarter. Covestor Ltd now owns 4,471 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 1,989 shares during the last quarter. FMR LLC raised its holdings in shares of Pebblebrook Hotel Trust by 10.8% in the 3rd quarter. FMR LLC now owns 9,069 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 884 shares during the period. FORA Capital LLC purchased a new stake in shares of Pebblebrook Hotel Trust in the 3rd quarter valued at $133,000. Metis Global Partners LLC purchased a new stake in shares of Pebblebrook Hotel Trust in the 3rd quarter valued at $164,000. Finally, Holocene Advisors LP purchased a new stake in shares of Pebblebrook Hotel Trust in the 3rd quarter valued at $166,000.

Analyst Ratings Changes

Several research firms recently issued reports on PEB. Stifel Nicolaus upgraded Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and boosted their price objective for the company from $14.75 to $15.00 in a report on Friday, November 22nd. Truist Financial cut their price objective on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. Wedbush downgraded Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price target on the stock. in a report on Thursday, January 2nd. Compass Point downgraded Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and cut their price target for the stock from $17.00 to $15.00 in a report on Monday. Finally, Raymond James set a $14.00 price target on Pebblebrook Hotel Trust and gave the stock an “outperform” rating in a report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Pebblebrook Hotel Trust has an average rating of “Hold” and a consensus price target of $13.86.

Pebblebrook Hotel Trust Trading Down 4.6 %

NYSE:PEB opened at $11.56 on Tuesday. The stock has a market cap of $1.38 billion, a P/E ratio of -39.84, a P/E/G ratio of 0.60 and a beta of 1.87. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 0.81. Pebblebrook Hotel Trust has a 1 year low of $11.47 and a 1 year high of $16.28. The stock has a 50-day simple moving average of $12.85 and a 200-day simple moving average of $13.08.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.01 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.35%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -9.30%.

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.