FORA Capital LLC Buys Shares of 10,069 Pebblebrook Hotel Trust (NYSE:PEB)

FORA Capital LLC purchased a new stake in Pebblebrook Hotel Trust (NYSE:PEB) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,069 shares of the real estate investment trust’s stock, valued at approximately $133,000.

Other large investors also recently made changes to their positions in the company. Covestor Ltd raised its stake in shares of Pebblebrook Hotel Trust by 80.1% during the third 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 in the last quarter. Quarry LP raised its position in shares of Pebblebrook Hotel Trust by 2,376.9% during the 2nd quarter. Quarry LP now owns 4,508 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 4,326 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted 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 worth $63,000 after acquiring an additional 1,212 shares during the period. FMR LLC lifted its stake 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 worth $120,000 after acquiring an additional 884 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of Pebblebrook Hotel Trust by 707.8% during the second quarter. Blue Trust Inc. now owns 11,116 shares of the real estate investment trust’s stock valued at $153,000 after acquiring an additional 9,740 shares during the period.

Pebblebrook Hotel Trust Trading Up 0.4 %

Shares of NYSE PEB opened at $13.85 on Friday. The company has a quick ratio of 0.81, a current 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 company has a market cap of $1.66 billion, a price-to-earnings ratio of -47.76, a P/E/G ratio of 0.67 and a beta of 1.85. The business has a fifty day simple moving average of $12.87 and a 200-day simple moving average of $13.25.

Pebblebrook Hotel Trust Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Stifel Nicolaus upgraded Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and upped their target price for the stock from $14.75 to $15.00 in a research report on Friday, November 22nd. 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 report on Thursday, November 21st. StockNews.com lowered Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. 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. Finally, Truist Financial lowered their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating on the stock in a research note on Monday, October 28th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $14.58.

Insider Transactions at Pebblebrook Hotel Trust

In other news, CEO Jon E. Bortz sold 11,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was 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 owns 1,349,284 shares of the company’s stock, valued at $28,834,199.08. This trade represents a 0.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jon E. Bortz purchased 13,000 shares of the stock in a transaction dated Thursday, November 21st. The shares were acquired at an average price of $12.68 per share, for a total transaction of $164,840.00. Following the acquisition, the chief executive officer now directly owns 1,395,284 shares of the company’s stock, valued at $17,692,201.12. This represents a 0.94 % increase in their position. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by insiders.

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.