Duality Advisers LP Has $1.44 Million Stock Holdings in Pebblebrook Hotel Trust (NYSE:PEB)

Duality Advisers LP lessened its position in Pebblebrook Hotel Trust (NYSE:PEB) by 18.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,284 shares of the real estate investment trust’s stock after selling 21,069 shares during the quarter. Duality Advisers LP owned about 0.07% of Pebblebrook Hotel Trust worth $1,443,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its position in Pebblebrook Hotel Trust by 13.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,687 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 884 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new position in Pebblebrook Hotel Trust in the 3rd quarter valued at approximately $148,000. Sequoia Financial Advisors LLC lifted its position in shares of Pebblebrook Hotel Trust by 6.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 14,579 shares of the real estate investment trust’s stock worth $198,000 after acquiring an additional 942 shares during the period. Assetmark Inc. grew its holdings in shares of Pebblebrook Hotel Trust by 16.0% during the 3rd quarter. Assetmark Inc. now owns 15,728 shares of the real estate investment trust’s stock worth $214,000 after purchasing an additional 2,175 shares in the last quarter. Finally, Custom Index Systems LLC acquired a new stake in shares of Pebblebrook Hotel Trust during the 4th quarter worth approximately $267,000.

Insider Transactions at Pebblebrook Hotel Trust

In related news, insider Thomas Charles Fisher sold 11,441 shares of Pebblebrook Hotel Trust stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $15.62, for a total value of $178,708.42. Following the completion of the transaction, the insider now directly owns 254,449 shares of the company’s stock, valued at $3,974,493.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.40% of the company’s stock.

Pebblebrook Hotel Trust Stock Up 2.5 %

Shares of NYSE:PEB opened at $15.45 on Wednesday. The company has a market capitalization of $1.86 billion, a PE ratio of -15.93, a P/E/G ratio of 0.69 and a beta of 1.86. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.97 and a current ratio of 0.97. The company’s fifty day moving average is $15.65 and its 200-day moving average is $14.66. Pebblebrook Hotel Trust has a 52 week low of $11.39 and a 52 week high of $16.65.

Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.06. Pebblebrook Hotel Trust had a negative net margin of 5.49% and a negative return on equity of 2.65%. The firm had revenue of $334.10 million for the quarter, compared to analyst estimates of $325.42 million. During the same period in the previous year, the business earned $0.20 earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. Equities research analysts predict that Pebblebrook Hotel Trust will post 1.57 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend was Wednesday, March 27th. Pebblebrook Hotel Trust’s dividend payout ratio is currently -4.12%.

Wall Street Analyst Weigh In

PEB has been the subject of several research reports. Truist Financial raised their target price on Pebblebrook Hotel Trust from $15.00 to $16.00 and gave the stock a “hold” rating in a research report on Thursday, January 18th. Bank of America downgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.50 price objective for the company. in a report on Monday, January 8th. Finally, Compass Point reissued a “neutral” rating and issued a $17.00 target price on shares of Pebblebrook Hotel Trust in a research note on Thursday, March 28th. Three analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat.com, Pebblebrook Hotel Trust currently has an average rating of “Hold” and a consensus target price of $14.78.

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.