Pebblebrook Hotel Trust (NYSE:PEB) Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lessened its stake in Pebblebrook Hotel Trust (NYSE:PEB) by 1.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 149,400 shares of the real estate investment trust’s stock after selling 2,900 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Pebblebrook Hotel Trust were worth $1,977,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PEB. Blue Trust Inc. increased its holdings in shares of Pebblebrook Hotel Trust by 707.8% in the second quarter. Blue Trust Inc. now owns 11,116 shares of the real estate investment trust’s stock valued at $153,000 after purchasing an additional 9,740 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in Pebblebrook Hotel Trust by 0.7% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 135,174 shares of the real estate investment trust’s stock worth $1,859,000 after buying an additional 916 shares during the last quarter. Louisiana State Employees Retirement System raised its position in Pebblebrook Hotel Trust by 1.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 60,600 shares of the real estate investment trust’s stock worth $833,000 after buying an additional 900 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Pebblebrook Hotel Trust by 7.1% in the 2nd quarter. Van ECK Associates Corp now owns 18,270 shares of the real estate investment trust’s stock worth $251,000 after acquiring an additional 1,215 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of Pebblebrook Hotel Trust by 166.1% in the second quarter. Victory Capital Management Inc. now owns 80,444 shares of the real estate investment trust’s stock valued at $1,106,000 after acquiring an additional 50,210 shares in the last quarter.

Pebblebrook Hotel Trust Stock Performance

NYSE PEB opened at $14.49 on Friday. The business has a 50 day moving average price of $13.11 and a 200 day moving average price of $13.25. The company has a market capitalization of $1.73 billion, a P/E ratio of -49.96, a PEG ratio of 0.71 and a beta of 1.87. Pebblebrook Hotel Trust has a 1-year low of $11.65 and a 1-year high of $16.65. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date of this dividend was Monday, September 30th. Pebblebrook Hotel Trust’s dividend payout ratio is currently -13.79%.

Analyst Upgrades and Downgrades

PEB has been the subject of several analyst reports. Robert W. Baird cut their price target on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Stifel Nicolaus raised Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and raised their price target for the company from $14.75 to $15.00 in a report on Friday, November 22nd. Wells Fargo & Company lifted their price target on Pebblebrook Hotel Trust from $14.00 to $16.00 and gave the company an “equal weight” rating in a research note on Monday, December 9th. Compass Point upgraded Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Thursday, November 21st. Finally, StockNews.com lowered shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Pebblebrook Hotel Trust has an average rating of “Hold” and a consensus price target of $14.92.

Insider Transactions at Pebblebrook Hotel Trust

In related news, CEO Jon E. Bortz acquired 13,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was purchased at an average cost of $12.68 per share, for a total transaction of $164,840.00. Following the transaction, the chief executive officer now directly owns 1,395,284 shares of the company’s stock, valued at approximately $17,692,201.12. This trade represents a 0.94 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jon E. Bortz sold 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $21.37, for a total value of $235,070.00. Following the completion of the sale, the chief executive officer now directly owns 1,349,284 shares in the company, valued at approximately $28,834,199.08. The trade was a 0.81 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.

Pebblebrook Hotel Trust Company 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.