Heitman Real Estate Securities LLC Purchases 4,033 Shares of Pebblebrook Hotel Trust (NYSE:PEB)

Heitman Real Estate Securities LLC lifted its stake in Pebblebrook Hotel Trust (NYSE:PEB) by 4.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 89,527 shares of the real estate investment trust’s stock after acquiring an additional 4,033 shares during the period. Heitman Real Estate Securities LLC owned approximately 0.07% of Pebblebrook Hotel Trust worth $1,184,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in PEB. Covestor Ltd grew its holdings 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 worth $59,000 after purchasing an additional 1,989 shares during the last quarter. Quarry LP boosted its position in shares of Pebblebrook Hotel Trust by 2,376.9% in the 2nd quarter. Quarry LP now owns 4,508 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 4,326 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Pebblebrook Hotel Trust by 35.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,677 shares of the real estate investment trust’s stock valued at $63,000 after acquiring an additional 1,212 shares during the last quarter. FMR LLC raised its stake in Pebblebrook Hotel Trust by 10.8% during the 3rd quarter. FMR LLC now owns 9,069 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 884 shares during the period. Finally, FORA Capital LLC acquired a new stake in shares of Pebblebrook Hotel Trust during the third quarter worth about $133,000.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PEB. Truist Financial dropped their target price on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating on the stock in a report on Monday, October 28th. Wells Fargo & Company increased their target price on shares of Pebblebrook Hotel Trust from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 26th. Compass Point upgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Thursday, November 21st. StockNews.com cut Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Finally, Stifel Nicolaus upgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and lifted their target price for the stock from $14.75 to $15.00 in a research report on Friday, November 22nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $14.58.

Pebblebrook Hotel Trust Trading Up 0.3 %

PEB opened at $13.90 on Tuesday. 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 has a 12 month low of $11.65 and a 12 month high of $16.65. The business’s 50-day moving average price is $12.87 and its 200-day moving average price is $13.23.

Pebblebrook Hotel Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend was Monday, September 30th. Pebblebrook Hotel Trust’s payout ratio is -13.79%.

Insider Buying and Selling

In related news, CEO Jon E. Bortz purchased 13,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was bought at an average price of $12.68 per share, for a total transaction of $164,840.00. Following the completion of the transaction, the chief executive officer now owns 1,395,284 shares in the company, valued at approximately $17,692,201.12. The trade was a 0.94 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jon E. Bortz sold 11,000 shares of the stock in a transaction 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 sale, the chief executive officer now owns 1,349,284 shares in the company, valued at $28,834,199.08. The trade was a 0.81 % decrease in their position. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by company insiders.

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.