Captrust Financial Advisors Buys 8,806 Shares of Pebblebrook Hotel Trust (NYSE:PEB)

Captrust Financial Advisors lifted its stake in Pebblebrook Hotel Trust (NYSE:PEB) by 42.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,413 shares of the real estate investment trust’s stock after purchasing an additional 8,806 shares during the quarter. Captrust Financial Advisors’ holdings in Pebblebrook Hotel Trust were worth $389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. lifted its stake 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 worth $153,000 after buying an additional 9,740 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake 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 valued at $1,859,000 after purchasing an additional 916 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Pebblebrook Hotel Trust by 1.5% in 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 purchasing an additional 900 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Pebblebrook Hotel Trust by 7.1% in the second quarter. Van ECK Associates Corp now owns 18,270 shares of the real estate investment trust’s stock worth $251,000 after purchasing an additional 1,215 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Pebblebrook Hotel Trust by 166.1% during 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 purchasing an additional 50,210 shares in the last quarter.

Insiders Place Their Bets

In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz sold 11,000 shares of the business’s 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jon E. Bortz acquired 13,000 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were bought at an average cost of $12.68 per share, with a total value of $164,840.00. Following the acquisition, the chief executive officer now directly owns 1,395,284 shares in the company, valued at approximately $17,692,201.12. The trade was a 0.94 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.40% of the stock is owned by company insiders.

Analyst Ratings Changes

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

Pebblebrook Hotel Trust Price Performance

NYSE PEB opened at $14.49 on Friday. The business’s fifty day moving average is $13.08 and its 200 day moving average is $13.25. Pebblebrook Hotel Trust has a fifty-two week low of $11.65 and a fifty-two week high of $16.65. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $1.73 billion, a PE ratio of -49.95, a price-to-earnings-growth ratio of 0.71 and a beta of 1.87.

Pebblebrook Hotel Trust Dividend Announcement

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

About Pebblebrook Hotel Trust

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.